Safeguarding Financial Integrity: The Nexus of Cloud Accounting Systems and Financial Reporting of Nigerian Listed Deposit Money Banks

Olusola James A. Oladejo () and Ochom Mary Etigale ()
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Olusola James A. Oladejo: Department of Management & Accounting, Postal: Lead City University, Ibadan ,, https://www.lcu.edu.ng/index.php/lead-city-journal-of-the-social-sciences
Ochom Mary Etigale: Department of Management & Accounting, Postal: Lead City University, Ibadan, https://www.lcu.edu.ng/index.php/lead-city-journal-of-the-social-sciences

Lead City Journal of the Social Sciences (LCJSS), 2025, vol. 10, issue 1, 79-90

Abstract: This study explored how cloud accounting affects the quality of financial reports in Nigeria's banking industry. It examined if factors like data security, efficient resource use, and compliance adherence, linked to cloud accounting, influence the clarity, accuracy, and timeliness of these reports. Data analysis was conducted using statistical methods. The study population comprised 24 listed deposit money banks in Nigeria. A purposive sample of eight banks with international authorization licenses was selected. To enhance representativeness, the sample was further expanded to include 384 respondents from the selected banks' headquarters in Lagos, employing the Cochran sample size determination formula. The results showed that compliance assurance features in cloud accounting explain 47.0% of the variability in financial transparency, as indicated by an adjusted R-square of 0.470. ANOVA results indicate significant relationships between cloud accounting proxies and financial reporting quality dimensions. Data Security and Privacy positively predict Accuracy (F(2,353)=31.174, p

Keywords: Safeguarding Financial Integrity; Cloud Accounting Systems; Financial Reporting (search for similar items in EconPapers)
Date: 2025
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