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Nigeria Journal of Management Sciences (NJMS), Benue State University

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Effect of International Financial Reporting Standards Disclosure Compliance on The Quality of Financial Reporting of Deposit Money Banks In Nigeria

J. F. Adebisi Ph.D: Director General, Nigerian College of Accountancy, Kwall, Jos, Plateau State

F. O. Otuagoma: Department of Accounting , University of Agriculture, Calabar

A. O.Abah: Department of Accounting, University of Jos, Jos


This research is designed to determine the level of International Financial Reporting Standards (IFRS) disclosure compliance in the financial statements of the Nigerian Deposit Money Banks (DMBs). It also tried to examine the effect of IFRS on the quality of financial reporting. Three hypotheses were tested using disclosure index, the collected data was analyzed using multiple regression analysis, ANOVA and SPSS version 22 was employed to run the data. Unweighted disclosure checklist, scored using dichotomous scoring procedure, containing sixty four (64) items was also used. The findings and conclusion drawn was that positive relationship exists between the IFRS and disclosure compliance level. It means that all the banks under study maintain the same level of mandatory disclosure compliance with the International Financial Reporting Standards, which implies that an increase in the IFRS disclosure compliance has a positive relationship with the quality of financial reporting. Based on these findings, the study recommended that Nigerian Deposit Money Banks should ensure strict compliance with mandatory disclosure requirements and should increase the level of voluntary information in other to boost the confidence of its stakeholders.

Key words: International, Financial Reporting, Standards, Disclosure, Compliance, Quality, Deposit Money Banks.

To get access to the full text of this article: Faculty of Management Sciences, Benue State University, Makurdi, Nigeria.

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