The effect of IFRS adoption on financial reporting quality: evidence from listed manufacturing firms in Ghana

Mensah, Emmanuel

doi:10.1080/1331677x.2020.1860109

Cited by 26 publications

(32 citation statements)

References 39 publications

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“…Osasere and Ilaboya (2018) in Nigeria confirmed improvement in financial reporting quality following IFRS adoption across the five qualitative features. Mensah (2021) in Ghana also found improvement in accounting quality after the adoption of IFRS. Meanwhile, Jeanjean and Stolowy (2008) and Van Tendeloo and Vanstraelen (2005) did not find a positive relationship between IFRS disclosures and FRQ in Europe.…”

Section: Introductionmentioning

confidence: 82%

Assessment of Financial Reporting Quality in a Developing Country Using Nice Qualitative Characteristics Measurement

Kabwe

2023

IJFA

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Purpose: The use of different indirect measurement methods by prior empirical studies has led to contradictory findings about financial reporting quality. Therefore, this study assessed the extent of financial reporting quality using the direct method. Methodology: Data was collected through quantitative content analysis of annual reports and audited financial statements of 20 Zambian listed companies for the period 2012 to 2018 using a direct measurement tool developed by the Nijmegen Center for Economics (NiCE). Descriptive statistics were used to assess the extent of financial reporting quality. Findings: The study showed that the mean and median score for financial reporting quality is 2.62(52.3%) and 2.55(51%) respectively with a minimum of 2.06(41.2%) and maximum of 3.21(64.2%). The level of financial reporting quality was moderately low. Further, relevance and comparability of financial reports were poor, and companies used only or mostly historical cost instead of fair value as basis for measurement as proposed by the IFRS for its FRQ standard. Therefore, the financial reporting quality of listed companies do not meet all the criterion set out in the IFRS conceptual framework.

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Section: Introductionmentioning

confidence: 82%

Assessment of Financial Reporting Quality in a Developing Country Using Nice Qualitative Characteristics Measurement

Kabwe

2023

IJFA

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“…Additionally, it provides for comparability as well as maintaining the integrity of the accounting profession. Mensah (2021) asserts that the concept has gained ground in the African continent as a result of globalization activities. Hitherto, the Ghana National Accounting Standards was the only accounting standard employed in the country.…”

Section: Ifrs Adoption and Accounting Information Qualitymentioning

confidence: 99%

International Financial Reporting Standards, Board Governance and Accounting Quality: Preliminary Ghanaian Evidence

Oppong

Bruce-Amartey

2022

102

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IFRS adoption’s effect and board governance on accounting quality from Ghanaian perspective was examined using OLS technique between a seven-year periods (2013-2019). From the study, IFRS adoption negatively impacts accounting quality in an insignificant manner. The insignificant nexus was due to lax implementation of regulations by institutions with IFRS and incentive-performance tied schemes presented to managers. Additionally, all but profitability and institutional ownership have positively significant impact on accounting quality whilst board governance negatively affect accounting quality though not statistically significant. Finally, moderating the role of board governance on IFRS - accounting quality relation, evidence established from the regression is that board governance does not moderate relationship between IFRS adoption and accounting quality using discretionary accruals. Our study captured effective corporate governance practices using composite board governance index to moderate effect of IFRS on the nexus between board governance and accounting quality serving as central motivation to contribute to literature.

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“…The central concepts addressed in studies by Barth et al (2008), Christensen et al (2015, Trimble (2018), Key andKim (2020), andMensah (2020) belong to the conceptual space of accounting quality. The accounting quality can itself be assessed using different measures that vary immensely in terms of the contexts they are applied to.…”

Section: Conceptual Formation In Ifrs Research: the Case Of Selected Articlesmentioning

confidence: 99%

“…The concepts in the studies by Barth et al (2018), Trimble (2018), Mensah (2020), andChristensen et al (2015) appear to identify the qualitative aspects which require further elaboration (albeit only within the context of their papers). The concepts used in the studies could also be seen as sensitising concepts, as they open up the field for further investigation.…”

Section: Conceptual Formation In Ifrs Research: the Case Of Selected Articlesmentioning

confidence: 99%

Conceptual formation and explanation in IFRS-based financial accounting research

Kainth

Mustafa

2021

Cogent Business & Management

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This article provides a comprehensive review of the conceptual formation and explanation within International Financial Reporting Standards (IFRS)-based financial accounting research. The mandatory adoption of IFRS by the European Union (EU) on 1 January 2005 resulted in an increase in the number of scientific articles explaining the effect of mandating IFRS on capital markets within the EU. Independently, these studies offer interesting insights; however, there have been few attempts to offer a critical analysis of the current state of the field in terms of conceptual formation and the role of theories in explanation. This paper provides a richer understanding of the scientific basis of the empirical research within this emerging field. We identify and critically assess a sample of eight relevant scholarly articles. Our findings suggest that the concepts in these articles appear to be borrowed from the mainstream accounting and finance literature and used in the form of variables. These concepts primarily play a deductive role. The nature of explanation appears to be mechanistic. We offer a discussion of our review's findings and suggest some implications for future research.

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The effect of IFRS adoption on financial reporting quality: evidence from listed manufacturing firms in Ghana

Cited by 26 publications

References 39 publications

Assessment of Financial Reporting Quality in a Developing Country Using Nice Qualitative Characteristics Measurement

Assessment of Financial Reporting Quality in a Developing Country Using Nice Qualitative Characteristics Measurement

International Financial Reporting Standards, Board Governance and Accounting Quality: Preliminary Ghanaian Evidence

Conceptual formation and explanation in IFRS-based financial accounting research

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