Background of the Study
Nigeria has struggled with corruption across both public and private sectors, which has hindered economic growth and development. The implementation of International Financial Reporting Standards (IFRS) is seen as a potential tool for enhancing transparency, accountability, and governance in financial reporting. Given that anti-corruption policies in Nigeria seek to address financial mismanagement and enhance transparency, it is essential to explore the relationship between IFRS adoption and the effectiveness of these policies.
Statement of the Problem
Although Nigeria has made significant strides in adopting IFRS, the country continues to grapple with corruption, particularly in government and corporate financial dealings. The question arises as to whether IFRS can assist in reducing corrupt practices by improving the transparency and accountability of financial reporting, particularly in public-sector and corporate governance. There is limited research on the direct correlation between IFRS implementation and anti-corruption efforts in Nigeria.
Aim and Objectives of the Study
The aim of this study is to explore the relationship between IFRS adoption and anti-corruption policies in Nigeria.
The objectives are:
Research Questions
Research Hypotheses
Significance of the Study
This study will contribute to the understanding of how IFRS adoption can complement Nigeria’s anti-corruption policies by promoting financial transparency. The findings may influence both policy development and corporate governance practices, improving the overall regulatory environment in Nigeria.
Scope and Limitation of the Study
The study will focus on Nigerian corporations and government institutions that have fully adopted IFRS. It will also examine the role of IFRS in both the public and private sectors. Limitations may include challenges in measuring corruption directly and the influence of factors outside IFRS, such as cultural and institutional corruption.
Definition of Terms
ABSTRACT
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Chapter One: Introduction
Abstract
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1.1 Background of the Study
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statement of the problem:
the worrisome living...