INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) ADOPTION AND VALUE RELEVANCE OF FINANCIAL INFORMATION OF LISTEDDEPOSIT MONEYBANKS IN NIGERIA
Abstract Globalisation, capital market crash and the Enron’scase led the accounting profession to insist on the need for a single set of high quality reporting standards. International Financial Reporting Standards (IFRS) were first adopted in 2005 by EU countries while Nigeria agreed to adopt in 2012. The question is: How does IFRS adoption improve the value relevance of accounting information? Several studies have explored the value relevance of IFRS adoption;however, ...
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