Prospects and Challenges of Financial Reporting in Nigeria

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dc.contributor.authorOlasupo, Sunday Festus
dc.date.accessioned2022-04-30T13:11:31Z
dc.date.available2022-04-30T13:11:31Z
dc.date.issued2019
dc.description.abstractThe study examines the effectiveness of International Financial Reporting Standards (IFRS) on financial reporting in Nigeria. The study is based on secondary data and descriptive in nature. Thereafter, content analysis method was used to highlight legal, environmental, and cultural challenges peculiar to Nigeria. The findings show that standards used in developed nations are also being applied to corporate entities in Nigeria to give adequate information to all stakeholders in financial reporting. Nevertheless, the neglect of corporate governance practices had led to significant losses to nearly all the stakeholders. Therefore, the study recommends among other things that additional standards should be included in accounting reports like translating accounting reports into the three officially recognized indigenous languages in Nigeria and addressing information overload in the accounting reporten_US
dc.identifier.urihttp://dspace.run.edu.ng:8080/jspui/handle/123456789/2571
dc.language.isoenen_US
dc.publisherScience Arena Publications Specialty Journal of Accounting and Economicsen_US
dc.subjectAccounting Scandalsen_US
dc.subjectAdoptionen_US
dc.subjectBoard of Directorsen_US
dc.subjectComparabilityen_US
dc.subjectHarmonizationen_US
dc.subjectStandardsen_US
dc.titleProspects and Challenges of Financial Reporting in Nigeriaen_US
dc.typeArticleen_US
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