ABSTRACT
This study explores THE ROLE OF INTERNATIONAL ACCOUNTING FOR BUSINESS COMBINATIONS AND CONSOLIDATIONS, focusing on enhancing financial transparency, ensuring compliance with international standards, and improving consolidation processes. A survey methodology was adopted to collect comprehensive data from accounting professionals. Using Taro Yamane's formula, the sample size was calculated to be 380 accountants from Lagos, ensuring statistical validity. Lagos was selected due to its active merger and acquisition market. The reliability coefficient score of the survey instrument was 0.87. Findings reveal that international accounting standards significantly improve transparency and compliance in business combinations and consolidations, though challenges remain in harmonizing practices across jurisdictions. The study recommends developing more comprehensive guidelines for business combinations and providing specialized training to accountants to improve consolidation processes.
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