Empirical evaluation of the effect of corporate attributes on annual financial reporting

SUMMARY

This study was carried out to examine the link that exists between corporate attributes on annual financial reporting timeliness of quoted firms in Nigeria. Financial reporting is the means of communicating information on the activities of the company to the users of accounting information; and the quality of financial reporting is a function of the quality of accounting standards and the corresponding regulatory enforcements of the standards. Financial reporting timeliness can be influenced by three variables namely, standard setters, decision, accounting method used by management; and management judgement and estimates in applying the selected substitutes. Therefore, enforcement is an important mechanism of enhancing financial reporting timeliness whose absence will make the best accounting standards incapable of providing credible and reliable accounting information to various users.