IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms

The adoption of International financial reporting standards (IFRS) has been presented in several empirical literature as a factor that could improve the quality of financial reports. However, Ghana has not attained the desired levels of financial reporting quality after the adoption of IFRS. Literat...

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Autores principales:	Deborah Esi Gyanba Mbir, Otuo Serebour Agyemang, George Tackie, Mac Junior Abeka
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	ifrs compliance reporting quality corporate governance Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/d8fa208314954450a2a3d7d13e02c87e
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spelling	oai:doaj.org-article:d8fa208314954450a2a3d7d13e02c87e2021-12-02T18:21:52ZIFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms2331-197510.1080/23311975.2020.1759856https://doaj.org/article/d8fa208314954450a2a3d7d13e02c87e2020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1759856https://doaj.org/toc/2331-1975The adoption of International financial reporting standards (IFRS) has been presented in several empirical literature as a factor that could improve the quality of financial reports. However, Ghana has not attained the desired levels of financial reporting quality after the adoption of IFRS. Literature reveals that lack of proper enforcement of these high-quality standards may result in limited compliance and will undermine the effectiveness of these standards in terms of attaining high-quality financial reports. This study therefore argues that the relationship between IFRS compliance and reporting quality revolves around some enforcement mechanisms like corporate governance structures. In view of that, by using random effect estimation technique, this study examined the role of corporate governance in the relationship between IFRS compliance and the reporting quality of firms listed on the Ghana Stock Exchange (GSE). The study found that the right corporate governance mechanisms will enhance the positive effect of IFRS compliance on reporting quality. This study further recommends that to gain an appreciable level of public confidence in the annual reports of firms listed on the GSE, the audit committee’s independence and the board’s independence should be strengthened to ensure that management does not only adopt IFRS, but that the standards are actually complied with.Deborah Esi Gyanba MbirOtuo Serebour AgyemangGeorge TackieMac Junior AbekaTaylor & Francis Grouparticleifrscompliancereporting qualitycorporate governanceBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	ifrs compliance reporting quality corporate governance Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	ifrs compliance reporting quality corporate governance Business HF5001-6182 Management. Industrial management HD28-70 Deborah Esi Gyanba Mbir Otuo Serebour Agyemang George Tackie Mac Junior Abeka IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms
description	The adoption of International financial reporting standards (IFRS) has been presented in several empirical literature as a factor that could improve the quality of financial reports. However, Ghana has not attained the desired levels of financial reporting quality after the adoption of IFRS. Literature reveals that lack of proper enforcement of these high-quality standards may result in limited compliance and will undermine the effectiveness of these standards in terms of attaining high-quality financial reports. This study therefore argues that the relationship between IFRS compliance and reporting quality revolves around some enforcement mechanisms like corporate governance structures. In view of that, by using random effect estimation technique, this study examined the role of corporate governance in the relationship between IFRS compliance and the reporting quality of firms listed on the Ghana Stock Exchange (GSE). The study found that the right corporate governance mechanisms will enhance the positive effect of IFRS compliance on reporting quality. This study further recommends that to gain an appreciable level of public confidence in the annual reports of firms listed on the GSE, the audit committee’s independence and the board’s independence should be strengthened to ensure that management does not only adopt IFRS, but that the standards are actually complied with.
format	article
author	Deborah Esi Gyanba Mbir Otuo Serebour Agyemang George Tackie Mac Junior Abeka
author_facet	Deborah Esi Gyanba Mbir Otuo Serebour Agyemang George Tackie Mac Junior Abeka
author_sort	Deborah Esi Gyanba Mbir
title	IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms
title_short	IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms
title_full	IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms
title_fullStr	IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms
title_full_unstemmed	IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms
title_sort	ifrs compliance, corporate governance and financial reporting quality of gse-listed non-financial firms
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/d8fa208314954450a2a3d7d13e02c87e
work_keys_str_mv	AT deborahesigyanbambir ifrscompliancecorporategovernanceandfinancialreportingqualityofgselistednonfinancialfirms AT otuoserebouragyemang ifrscompliancecorporategovernanceandfinancialreportingqualityofgselistednonfinancialfirms AT georgetackie ifrscompliancecorporategovernanceandfinancialreportingqualityofgselistednonfinancialfirms AT macjuniorabeka ifrscompliancecorporategovernanceandfinancialreportingqualityofgselistednonfinancialfirms
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IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms

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