International Financial Reporting Standards and Value Relevance of Accounting Information in Nigeria
This paper examined the impact of IFRS implementation on value significance of accounting information in Nigeria from 2012 to 2022. The study used share price as value-relevance of accounting information, while dividend per share, earnings per share and book value per share proxied IFRS. Data used for this study were extracted from annual financial statement of industrial firms listed in Nigerian exchange group. The study analysed the data using a multivariate regression tool. The study conclusions demonstrated that although following IIFRS had no appreciable impact on dividend distributions per share, it greatly increased EPS and book value per share. To monitor IFRS compliance and punish defaulters, the FRCN needs to conduct a comprehensive sector-by-sector evaluation of the financial reports of all listed Nigerian companies. This will optimize the benefits of fully implementing IFRS by offering additional pertinent accounting data. Keywords: Book value per share; Dividend per share; Earnings per share; IFRS; Value relevance.