THE ROLE OF INTERNATIONAL ACCOUNTING FOR MULTINATIONAL BANKS AND FINANCIAL INSTITUTIONS
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This research investigates THE ROLE OF INTERNATIONAL ACCOUNTING FOR MULTINATIONAL BANKS AND FINANCIAL INSTITUTIONS, aiming to enhance financial transparency, regulatory compliance, and risk management. A survey design was chosen to collect data from a large sample of professionals. The sample size, calculated using Taro Yamane's formula, was 420 banking accountants from Lagos, providing a robust dataset. Lagos was selected for its concentration of multinational banks. The reliability coefficient score of the survey tool was 0.89. Findings indicate that international accounting standards significantly improve financial transparency and regulatory compliance in multinational banks, though challenges remain in harmonizing diverse regulatory requirements. The study recommends developing unified regulatory frameworks and enhancing accountants' proficiency in international standards to better support multinational banking operations.
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