Audit Reporting Lag and Regulatory Compliance in Listed Financial Services Firms in Nigeria: A Cross-Sectoral Evaluation

Khadijah Adeola Idowu () and Jamiu Olakunle Tijani ()

Academic Journal of Economic Studies, 2020, vol. 6, issue 3, 163-173

Abstract: Motivated by existing scanty literature, this study comparatively evaluated ARL across four sub-sectors of the financial services sector in Nigeria. Using ex-post facto research design, it collected secondary data which spanned 2012 to 2018 from the annual reports of an adjusted population of forty-two (42) firms, spread across four sub-sectors, after applying filter on a population of fiftythree (53) firms. A single objective and hypothesis were specified. Statistical tools such mean, pie and line charts, Shapiro-Wilk (SW), Kolmogorov-Smirnov (KS), Brown-Forsythe (BF) and Analysis of Variance tests were employed to descriptively and inferentially analyse the data collected. Findings showed that average ARL differed significantly among the Banking, Other Financial Institutions, Insurance and Mortgage sub-sectors of the financial services industry in Nigeria (F (3,38) =4.990, p

Keywords: Audit Reporting Lag; Financial Services Sector; Timeliness; International Financial Reporting Standards; Audit Delay (search for similar items in EconPapers)
JEL-codes: D53 G18 G21 G22 M42 M48 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ajes.ro/wp-content/uploads/AJES_article_1_361.pdf (application/pdf)
http://www.ajes.ro/wp-content/uploads/AJES_article_1_361.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:khe:scajes:v:6:y:2020:i:3:p:163-173

Access Statistics for this article

More articles in Academic Journal of Economic Studies from Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Adi Sava ().