INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) AND ACCRUAL QUALITY OF QUOTED MANUFACTURING FIRMS IN NIGERIA

Abstract

This research investigated the relationship between International Financial Reporting Standards (IFRS) and accrual quality of quoted manufacturing firms in Nigeria during the period 2008 to 2017. Ex-post facto research design was used for secondary data obtained from published financial statements of the firms. Panel data from these firms were analyzed with multiple regression contained in E-view 10 version software. The results showed a positive and significant relationship between International Financial Reporting Standards and accrual quality of quoted manufacturing firms in Nigeria. As a result, the study recommended the use of IFRS in financial statement preparation by quoted firms to raise their accrual quality.