AMJD Volume. 11, Issue 2 (2022)

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Contributor(s)

OSHO, A. E and ADENIYI, S.A
 

Keywords

IFRS Standard of Financial Statement Financial Statement Multinational Companies-Nigeria
 

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International Financial Reporting Standards (IFRS) Adoption and Disclosure of Financial Statements: Experience from Multinational Companies in Nigeria

Abstract: The study examined the effects of IFRS adoption and disclosure of financial statements of multinational companies in Nigeria. The study makes use of primary sources of data via the administering of questionnaires to target respondents. Regression analytical techniques were employed to analyse the collected data. According to the study's findings, all financial statement disclosure variables, such as relevance, verifiability, comparability, faithful-representation, understandability, and timeliness, have a significant and positive impact on multinational companies' IFRS adoption in Nigeria. Based on the findings, the study concluded that IFRS adoption has a positive and significant impact on the financial disclosure of multinational corporations in Nigeria, particularly when measured in terms of relevance, timeliness, faithful representation, understandability, reliability, and comparability. This research recommends that regulatory organizations in the country ensure that international businesses listed on the Exchange Group comply with the IFRS implementation rigorously to ensure investors have access to appropriate information for financial and investment decision-making.
 
 
 

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