Analysis of Financial Reporting Quality among Firms in Nigeria

Abstract

The study analysed the quality of financial reporting among firms in Nigeria to determine the level of compliance of selected firms with relevant regulations governing the preparation and presentation of published financial reporting.

Secondary data were used for this study, and a total of 112 firms listed on the Nigerian stock exchange that were non-financial companies, out of which 50 whose published financial statements were up to date, were selected using a purposive sampling technique. Data were obtained from the Nigerian Stock Exchange and the selected firms' websites.

Descriptive analysis was used to analyse the data using percentages and tables.

The results showed a significant improvement in the quality of financial reports among firms in Nigeria, ranging from 0.706 in 2008 to 0.8072 in 2018.

The study concluded that the quality of financial reporting among firms in Nigeria was high.