Impact of regulatory framework and environmental factors on accounting practices by firms in Nigeria
This paper looked at development of accounting practice in Nigeria and analyzes how the country's economic, taxation, and other factors affect the development of financial accounting regulations in Nigeria.The study observed that political issues, privatization and capital market growth brought...
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| Format: | Conference or Workshop Item |
| Language: | English |
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Elsevier Ltd.
2014
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| Online Access: | http://repo.uum.edu.my/13389/1/39.pdf http://repo.uum.edu.my/13389/ http://dx.doi.org/10.1016/j.sbspro.2014.11.078 |
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| Summary: | This paper looked at development of accounting practice in Nigeria and analyzes how the country's economic, taxation, and other factors affect the development of financial accounting regulations in Nigeria.The study observed that political issues, privatization and capital market growth brought about several reforms that have improved financial reporting and disclosure requirements in Nigeria.The study suggests the strengthening the capacity of accounting regulatory bodies for monitoring and enforcing accounting standards, and building the capacity of accounting professional bodies to build the confidence of stakeholders in the accounting function and to inspire potential investors. |
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