Ogundana, Oyebisi Mary and Iyoha, F. O. and Fakile , A. S. and Joshua, Abimbola (2018) FAIR VALUE MEASUREMENT (IFRS 13) AND INVESTING DECISION: THE STANDPOINT OF ACCOUNTING ACADEMICS AND AUDITORS IN LAGOS AND OGUN STATE, NIGERIA. Academy of Accounting and Financial Studies Journal, 22 (1). pp. 1-12.
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Abstract
This study examined the view of stakeholders as to whether or not Fair Value Measurement (IFRS 13) increased disclosure will lead to more meaningful investment decisions. The study adopted the Survey research design involving the collection of data from auditors of the “Big 4” and accounting academics in selected private universities in Nigeria. Primary data were obtained through the administration of copies of survey questionnaire to respondents. Two hypotheses were formulated and tested using Peason Product Moment Correlation and Independent Sample T-test at a significant level of 5%. Findings from the study revealed an association between IFRS 13 increased disclosure requirement and investment decisions. The result also revealed differences in the standpoint of accounting academics and auditors regarding the impact IFRS 13 increased disclosure have on investing decisions. The study recommended that the Financial Reporting Council of Nigeria should ensure that all companies in Nigeria fully adopt IFRS 13 in the preparation and presentation of their financial statements.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Fair Value Measurement, IFRS, Increased Disclosure, Investing Decision, Quality |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Patricia Nwokealisi |
| Date Deposited: | 07 Mar 2018 11:47 |
| Last Modified: | 07 Mar 2018 11:47 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/10360 |
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