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Quoted Companies Attributes and The Reliability of Financial Reporting in Nigeria

Iyoha, F. O. (2011) Quoted Companies Attributes and The Reliability of Financial Reporting in Nigeria. ICAN Journal of Accounting a Finance, 1 (3). pp. 12-23.

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This study examines the impact of company attributes on the reliability of financial reports in Nigeria, using a sample of 61 quoted companies' annual reports for the years 1999-2007. The data were analysed and results estimated using Ordinary Least Square (OLS} Regression which was complimented with the Panel Data Estimation Technique. The study reveals that profitability is the major companies' attribute that influences the overall quality of financial reports reliability in Nigeria. The implication of this finding is that when firms make profit, the financial report will more likely be reliable and otherwise when loss is made and may give rise to dysfunctional behaviour in order to satisfy market expectation through earnings manipulation. The study recommends that there should be provisions in the various laws dealing with companies' attributes which have the potential to impair the quality of financial reports. Similarly, emphasis should also be focused on the qualities possessed by the preparers and those who attest to financial statements since such persons can manipulate the financial statements to show desired outcome.

Item Type: Article
Uncontrolled Keywords: Companies Attributes; Financial Reports; Legal Requirements; Nigerian Accounting Standards Boards Act; Stakeholders
Subjects: 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: 16 Mar 2015 13:50
Last Modified: 16 Mar 2015 13:50

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