Digitalized Accounting Techniques and Financial Reporting Quality of Selected Deposit Money Banks in Nigeria

Elom, Joseph .O (), Nnachi Azubuike Mba () and Uche C. Chukwu ()
Additional contact information
Elom, Joseph .O: Department of Accounting, Postal: Ebonyi State University Abakaliki, Ebonyi State, Nigeria.,, https://jted.citn.org/
Nnachi Azubuike Mba: Department of Accounting, Postal: Ebonyi State University Abakaliki, , Ebonyi State, Nigeria.,, https://jted.citn.org/
Uche C. Chukwu: Department of Accounting, Postal: Ebonyi State University Abakaliki, , Ebonyi State, Nigeria.,, https://jted.citn.org/

Journal of Taxation and Economic Development, 2024, vol. 23, issue 2, 81-99

Abstract: Broadly, the study examined the impact of digitalized accounting techniques on financial reporting quality of selected money deposit banks in Nigeria. Specifically, this study ascertained the impact of artificial intelligence, big data and internet-of-things on financial reporting quality of deposit money banks in Nigeria. The study employed descriptive survey research design where structured questionnaires involving a 5 point Likert scale option were utilized to gather primary data from the respondents. The collected data were descriptively analyzed, while multiple regression model involving ordinary least square (OLS) technique was adopted to test the hypotheses at 5% level of significance with the aid of statistical packages for social sciences (SPSS). The findings revealed that Artificial Intelligence (AI), big data (BD) and internet of things (IoTs) have significant positive impact on the financial reporting quality of selected deposit money banks in Nigeria. The implication of the findings is that if digitalized accounting technological innovations/techniques such as AI, BD management, and IoTs are effectively used and optimized in every financial entity, reliable and credible financial reports will be produced especially by money deposit banks in Nigeria. The study, therefore, recommends that deposit money banks in Nigeria should prioritize their investments in digital accounting technologies so as to enhance digital accounting techniques that improve financial reporting quality, thereby promoting transparency and stakeholder confidence in deposit money banks financial reports.

Keywords: Digitalized Accounting; Financial Reports Quality; Money Deposit Banks; Nigeria. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://jted.citn.org/home/journalvolume/28 Full text (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:ris:jotaed:0094

Access Statistics for this article

Journal of Taxation and Economic Development is currently edited by Rafiu Oyesola Salawu, Godwin Emmanuel Oyedokun and Mary-Fidelis Chidoziem Abiahu

More articles in Journal of Taxation and Economic Development from Chartered Institute of Taxation of Nigeria Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Akanbi ().