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Etumudon Asien ()

International Journal of Accounting and Finance (IJAF), 2019, vol. 08, issue 2, 142-157

Abstract: This paper examines two additional contributing actor-groups that could be useful in capturing financial reporting delay as well as models eight fiscal year-end regimes. The paper uses descriptive statistics to analyse the reporting dates of273 listed non-financial companies overa three-yearperiod, from 2015–2017. We find the gaps of 30 December fiscal year-end to be shorter than those of other fiscalyear-ends, andfindthatthere are clear-cutmodalreporting days ordates adoptedbyfollowers of 30 December fiscal year-end while there are none for other fiscal year-ends. More than for any other fiscal year-end regimes, 31 December fiscal year-end filers are more likely to comply with regulatory reporting deadline in Nigeria. Based on these findings, there is a need fora uniform (orat least, close to a uniform) financial reporting period for listed non-financial companies in Nigeria. We recommend that relevant bodies should consider requiring listed non-financial companies in Nigeria to migrate to 31 December fiscal year-end, since there are less dispersions in reporting days/dates of the fiscal year-end

Keywords: Audit committee; Board of directors; External auditors; Financial reporting delay; Fiscal year-end (search for similar items in EconPapers)
Date: 2019
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International Journal of Accounting and Finance (IJAF) is currently edited by Ijoema Anasa and Ochuko Jeff Odesa

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