- ItemOpen AccessMeasuring performance in corporate environmental reporting in Nigeria.(Emerald Publishing Limited, 2020) Iredele, O.OPurpose – The purpose of this study is to measure the current level of corporate environmental reporting (CER) in the developing economy of Nigeria. This is with a view to drive the effort of firms towards improving on the present practice. An attempt is made to also determine the extent to which the level of CER differs on account of firm characteristics. Design/methodology/approach – The study used data for the top 40 companies on the Nigerian stock exchange as of 31 December 2017 based on market capitalization. The annual reports, company website and sustainability reports were the major sources of data. The paper used descriptive statistics and one-way analysis of variance to analyse data. Findings – Despite the attempt to explore multiple sources in obtaining environmental information, empirical evidence from the present study confirms that the level of environmental reporting is low; most companies report environmental issues through the website. It further found an association between CER and firm size. Practical implications – The findings will be of interest to policymakers and regulators on the need to regulate environmental reporting. Thus, motivating firms towards better environmental performance in Nigeria. Originality/value – The paper extends environmental reporting research in Nigeria beyond the use of annual reports. It captured environmental information reported through the website and sustainability reports. It provides information on the current status in terms of quality and content of information reported. Finally, it found that firm size is a contingent factor for CER in Nigeri
- ItemOpen AccessIssues and challenges in the adoption of International Financial Reporting Standards in Nigeria(The Journal of Research in National Development, Federal University of Technology, Owerri,, 2015) Shiyanbola, A.; Adeyemi, S. B; Adelakun, O. J.The mandatory adoption of International Financial Reporting Standard (IFRS) has come with a number of challenges that need to be studied so that solutions from other countries will not be imported into our country. The decision to adopt IFRS is observed to have some weaknesses, as such, implementation of policy results in a lot of challenges. The study explores the challenges on the mandatory adoption of IFRS in Nigeria. The study adopts the questionnaire survey method to seek responses from five hundred and fifty-four respondents on their perception on the subject matter. Structured questionnaire was administered to capture the main questionnaire items. Pearson product moment correlation was employed to test the hypotheses. In testing the hypotheses, the overall result shows the significant relationship on technical related issues and logistic related issues experienced by stakeholders on adoption of IFRS, there is significant relationship between complexity and compliance with IFRS and NG-GAAP but compliance so as to increase or have access to foreign capital and complexities was not found significant. We recommend the need for training and retraining of staff to ease the challenges and in turn reduce cost of IFRS adoption. Accounting infrastructure should be strengthened.
- ItemOpen AccessDo Non-Large Networks Engage in Portfolio Restructuring? A Signal Detection of Peak Period Capability Pressure(Journal of Business and Management, Chapman University’s Argyros School of Business and Economics, 2014) Adeyemi, S. B; Tijani, O. M.This study considers the local offices of medium-sized audit firms as a unit of analysis. Adapting measures validated in earlier studies, this paper develops a model and evaluates the model that directly describes all variables that affect portfolio structuring in an auditor-client environment during peak periods. Using a sample of 237 local office observations between 2007 and 2011 among medium-sized audit firms in Nigeria, evidence of a positive association between capability pressure and the likelihood of portfolio restructuring is reported. The results lend credibility to the implications of capability pressure characterized by the year-end effects of assurance providers. This position is consistent with earlier studies on portfolio management decisions of external auditors
- ItemOpen AccessThe Integrated Reporting (IR) framework implementation in Nigerian listed companies(Global Journal of Accounting, Department of Accounting, University of Lagos, 2020) Udofia, Ini Etete; Fagboro, Gabriel Damilola; Adeyemi, Semiu BabatundeResearch efforts have supported the need for multi-dimensional reporting that comprises of financial, non-financial, social and environmental components. This paper investigates the readiness of Nigeria to adopt Integrated Reporting (IR) by evaluating the level of compliance of the annual reports of quoted companies in Nigeria to IR framework as developed by the International Integrated Reporting Council (IIRC). A total of 90 companies from 170 quoted companies on Nigeria Stock Exchange were selected based on the criteria that the companies had available annual reports for the period 2013-2017, these companies had neither been delisted nor merged with other companies during the period of study. The annual reports of the selected 90 quoted companies from 2013-2017 were content analysed using the disclosure index developed by Kilic and Kuzey (2018) to measure the IR Disclosure Score (IRDS) of each of the sampled companies. It was found that Nigerian listed companies’ reports comply with about 75% of the IR framework requirements. The most compliant companies were in the financial sector, followed by manufacturing, extractive and other sectors. The least disclosed IR content element in all the sectors was performance. Companies were not able to articulate the extent which the objectives of the organisation was achieved using key performance indicators (KPIs) especially the connectivity between financial and non-financial performance disclosures. In order to drive IR adoption, regulatory authorities such as the Financial Reporting Council of Nigeria (FRCN) and Securities and Exchange Commission (SEC) should provide needed support in the area of technical and infrastructural resources which would encourage early adoption of the IR framework in Nigeria
- ItemOpen AccessDeterminants of demand and supply of accounting and audit services in SMEs: Evidence from Nigeria(Journal of Accounting and Management Information Systems, Bucharest University of Economic studies, 2015) Adeyemi, Semiu Babatunde; Udofia, Ini Etete; Obah, SundayThe study investigated the factors that determine the demand and supply of accounting and audit services in small and medium enterprises (SMEs), with evidence from Lagos, Nigeria. It also sought to know whether accounting and audit services contribute to the success of SMEs. The study made use of survey design. Using a structured questionnaire, evidence was collected from 380 respondents comprising of 300 SME owner-managers and 80 accounting firms. The data collected were analysed using both the descriptive and inferential statistics. The research findings indicated that owner-managers’ characteristics, legal structure, education of managers, possession of accounting skills by managers and capital structure influence demand, while legal structure, attitude towards marketing, Government policy and owner-managers’ characteristics influence supply of accounting and audit services. Findings also indicated that services of accountants and auditors have significant influence on the success of SMEs. The study recommended that owner-managers of SMEs should be given proper orientation on the importance of accounting and audit services to the success of their business. It was also recommended that Government should make the preparation and filing of audited accounts of SMEs mandatory, especially in order to render financial assistance to SMEs with a view to enhancing their socio-economic relevance. Accountants were also advised to take their services to the SMEs rather than waiting for the SME owner-managers to voluntarily call for their services.