Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria
International Journal of Economics, Finance and Management Sciences
Volume 2, Issue 4, August 2014, Pages: 257-262
Received: Apr. 27, 2014; Accepted: May 9, 2014; Published: Aug. 20, 2014
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Authors
Augustine Ayuba, Department of Accounting, Faculty of Social and Management Sciences, Kaduna State University, PMB, 2339, Kaduna, Nigeria
Benjamin Kumai Gugong, Department of Accounting, Faculty of Social and Management Sciences, Kaduna State University, PMB, 2339, Kaduna, Nigeria
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Abstract
This study examines some factors influencing the adoption of International Financial Reporting Standards (IFRS) among the various stakeholders in Nigeria. A research model was developed to indicate the relationship between government policy and company size that were argued to have a positive significant relationship on the adoption of IFRS. This study is based on survey design; after successful reliability tests, correlation and multiple regression were used in analyzing the data. Results indicate that, government policy has a positive significant relationship with the adoption of IFRS, while company size was found to be insignificant with the adoption of IFRS. The study recommends that, company size should be properly taken into consideration either in terms of small, medium or large size in order to ensure a smooth transition from Nigerian Generally Accepted Accounting Principles to full adoption of IFRS in the country.
Keywords
Government Policy, Company Size, International Financial Reporting Standards, Nigerian Generally Accepted Accounting Principles
To cite this article
Augustine Ayuba, Benjamin Kumai Gugong, Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria, International Journal of Economics, Finance and Management Sciences. Vol. 2, No. 4, 2014, pp. 257-262. doi: 10.11648/j.ijefm.20140204.14
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