ABSTRACT:
This research explores the financial reporting challenges in emerging markets, focusing on Lagos State, Nigeria. The objectives are to: (1) identify key challenges in financial reporting in emerging markets, (2) assess the impact of these challenges on financial statement accuracy, and (3) evaluate strategies to overcome these challenges. A survey design was chosen to gather data from financial managers and auditors. The sample size, determined using Taro Yamane's formula, ensures representativeness. MTN Nigeria was selected as the case study due to its extensive operations in emerging markets. The reliability coefficient score of the survey was 0.87. Findings reveal significant challenges in financial reporting in emerging markets, including regulatory differences and resource constraints. It is recommended that companies in Lagos State develop robust reporting frameworks and seek international partnerships to address these challenges effectively.
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