International Financial Reporting Standards Adoption and Financial Reporting Quality
The study is focused on International Financial Reporting Standards (IFRS) Adoption and financial reporting quality. The study adopted the longitudinal research design approach. This is due to the nature of the study which involves repeated observations of the same variables over long periods of time. The population consists of 14 banks quoted on the floor of Nigeria Stock Exchange (NSE). The entire 14 banks formed the sample size of the study using the census sampling technique. Data were collected from secondary sources through the annual reports and accounts of selected banks. The descriptive and inferential statistics were to analyze the data collected; the descriptive statistics was used to analyze the measures of central tendency, measures of dispersion and measures of normality. The inferential statistics was done using the Multivariate analysis (MANOVA). Based on the analysis, it was revealed that financial reporting quality after IFRS adoption increased compared to the overall financial reporting quality prior to IFRS adoption. The study recommended that the adoption and implementation of IFRS has impact on the reporting quality of banks and it will enhance best practices of the banking industry. Keywords: IFRS, Financial Reporting Quality, Banks, Nigeria