Firm-specific Characteristics and International Financial Reporting Standards (IFRS) Compliance Amon...

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" Firm-specific Characteristics and International Financial Reporting Standards (IFRS) Compliance Among Listed Non Financial Service Firms in Nigeria "
Lamidi, Sadia Folashade Mubaraq, Sanni

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	1107416
Doc. No	:	TLpq2445584942
Main Entry	:	Lamidi, Sadia Folashade
	:	Mubaraq, Sanni
Title & Author	:	Firm-specific Characteristics and International Financial Reporting Standards (IFRS) Compliance Among Listed Non Financial Service Firms in Nigeria\ Lamidi, Sadia FolashadeMubaraq, Sanni
College	:	Kwara State University (Nigeria)
Date	:	2020
student score	:	2020
Degree	:	M.S.
Page No	:	110
Abstract	:	The transition from local GAAP to the celebrated IFRS is yet to meet the expectation of the various stakeholders in terms of improving the financial statements and detailed disclosure as a result of various reports of low compliance level with IFRS. This study examines the extent of the relationship between firm-specific characteristics and IFRS compliance among listed non financial service firms in Nigeria. Specifically, the study: (i) determined the extent to which internationalization of firm affects IFRS compliance among listed non-financial firms in Nigeria; (ii) assessed the effect of industry type on IFRS compliance among listed non-financial listed firms in Nigeria; (iii) examined the extent to which auditor type affects IFRS compliance among listed non-financial firms in Nigeria; (iv) investigated the effect of firm maturity on IFRS compliance among listed non-financial firms in Nigeria and (v) establish the differences in the level of IFRS compliance among various sector of listed non-financial firms in Nigeria. Data were drawn from the annual reports and accounts of one hundred and thirteen (113) non financial firms listed on the Nigeria Stock Exchange as at 31st December, 2017. Eighty-eight (88) firms were selected using Yamane (1964) statistical formula. Panel data regression analysis was adopted to achieve the first four objectives while Analysis of Variances (ANOVA) was used in achieving the last objective. Findings revealed that internationalization, industry type, and auditor type have both positive and significant effect on IFRS compliance at 5% level of significance with p-value of 0.000, 0.003, and 0.020; while firm maturity is not significant. More so, study found no significant difference in the level of Firm-specific characteristics and IFRS compliance practice of the listed non financial service firms in Nigeria. This study recommends that international accounting standard board should encourage non financial service firm and their level of compliance.
Subject	:	Accounting