Ogunjimi Wasiu 82 PAGES (13334 WORDS) Thesis
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The study tends to enhance transparency, disclosure and comparability. It is evident that the implementation of IFRS reinforces stock market liquidity and leads to lower cost of capital and transaction costs, higher market value and better reputation. In view of the need to utilize accurate data for this research, primary data were obtained through a structured questionnaire to elicit responses from respondents to meet the requirements of this research. The data for the foregoing study were obtained from primary source. The primary (data was the major source which comprised questionnaires which were administered to the respondents. Based on the statistical test (Z – Test) used in the testing of the hypotheses, it was discovered that there was a positive relationship between adoption of IFRS and audit reports quality in Nigeria. In view of the findings of the research, the researcher recommended that there should be more emphasis on awareness of IFRS adoption among accountants/auditors in Nigeria, which could be achieved by using the print media, radio and television. It was also recommended that the FRCN (Financial Reporting Council of Nigeria) should be more equipped to enable them conduct adequate awareness and compliance with IFRS and they should further explain the similarities and differences between IFRS and GAAP.


Title Page i

Certification ii

Dedication iii

Acknowledgement iv

Abstract v

Table of Contents vi

Chapter One: Introduction 

Background to the Study 1

Statement of Problem 4

Research Questions 5

Objectives of the Study 5

1.5 Statement of Hypotheses 6

1.6 Significance of the Study 6

1.7 Scope of the Study 7

Limitation of the Study 8

Definition of Terms 8

Chapter Two: Literature Review 

2.1 Introduction 10

2.2 Overview of IFRS 10

2.3 Audit Committee and International Financial 

Reporting Standard (IFRS) 18

2.4 Financial Statement Effects on IFRS Implementation 22

2.5 Definition and Meaning of Audit Report Quality 24

2.6 Review of Theoretical Literature 36

2.7 The Effect of IFRS Adoption on Financial Disclosure 41 

Chapter Three: Research Method and Design 

3.1 Introduction 56

3.2 Research Design 56

3.3 Description of Population of the Study   57

Chapter Four: Data analysis and Presentation of data

Chapter Five: Summary, Conclusion and Recommendations 



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Ogunjimi, W (2019). ADOPTION OF IFRS ON AUDIT REPORT QUALITY IN NIGERIA. Retrieved November 29, 2020, from

MLA 8th

Wasiu, Ogunjimi. "ADOPTION OF IFRS ON AUDIT REPORT QUALITY IN NIGERIA", 29 Sep. 2019, . Accessed 29 Nov. 2020.


Wasiu, Ogunjimi. "ADOPTION OF IFRS ON AUDIT REPORT QUALITY IN NIGERIA".,, 29 Sep. 2019. Web. 29 Nov. 2020. < >.


Wasiu, Ogunjimi. "ADOPTION OF IFRS ON AUDIT REPORT QUALITY IN NIGERIA" (2019). Accessed November 29, 2020.