Muhammad Mustapha BAGUDO, Kamarul Bahrain Bin Abdul MANAF, Rokiah Bt. ISHAK

79108

Proactive Monitoring and Compliance with International Financial Reporting Standard in Nigeria

Proactive Monitoring and Compliance with International Financial Reporting Standard in Nigeria

The study examines how proactive monitoring by regulatory authorities and external auditors affect compliance with International Financial Reporting Standard (IFRS) in Nigeria. Data is hand collected from 154 companies that mandatorily adopted IFRS in the year 2012. The study uses the unweighted index in determining the extent of compliance with the disclosure requirements of 10 standards and uses multiple regressions in examining how proactive monitoring affects compliance with IFRS. The results show that the overall level of compliance is 61% and the regulatory bodies under insurance companies and firms audited by Big-4 auditors significantly and positively affect the level of compliance with IFRS disclosures. The study recommends an increase in vigilant in monitoring compliance with IFRS by the regulatory bodies supervising non-financial firms and by local audit firms to improve compliance.

Keywords:

Proactive monitoring, compliance with IFRS, Nigeria,

International Journal of Economics and Financial Issues-Cover

Başlangıç: 2011
Yayıncı: İlhan ÖZTÜRK

Arşiv

Sayıdaki Diğer Makaleler

Coercive or Supportive: An Assessment of Non-governmental Organizations Role in Sustainable Supply Chains Adoption

Hossein NEZAKATİ, Meghdad Abbasian FEREİDOUNİ, Jamil BOJEİ, Ho Jo ANN

Going-Concern Audit Report: The Role of Audit Committee

An Evaluation of Government Role in Green Supply Chain Management through Theories

Hossein NEZAKATİ, Meghdad Abbasian FEREİDOUNİ, Azmawani Abd RAHMAN

Family Friendly Work Practices in the U.S. Revisited

Balasundram MANİAM, Hadley LEAVELL, Stephanie PUSTEJOVSKY

Technical Efficiency of Rubber Farmers’ in Changwat Sakon Nakhon: Stochastic Frontier Analysis

Jitti Kittilertpaisan, Kallaya Kittilertpaisan, Phakhaphon Khatiwat

Egyptian Intra Agriculture Trade with Common Market for Eastern and Southern Africa Trading Partners: A Gravity Model

Haider Mahmood, Tarek Tawfik Yousef Alkhateeb, Nabil Maalel

The Existence of Fraud Indicators in Insurance Industry: Case of Jordan

Firas Mohammad Al Rawashdeh, Omar Al Singlawi

E-Commerce Strategic Business Environment Analysis in Indonesia

Do Higher Levels of Qualification Lead to Higher Returns to Education: Evidence from Malaysian Education Sector

Norhanishah Mohamad YUNUS, Rusmawati SAİD

Evaluating Training Effectiveness Using the Malaysian Sample: Tracing the Mediation Effect of Training Motivation Using SEM-AMOS

Siti Fardaniah Abdul AZİZ