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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8458

Title: Corporate compliance with International Financial Reporting Standard of listed Banking Financial Institutions in Ghana
Authors: Mansulu, Abdul
Issue Date: 4-Apr-2016
Abstract: Is been 7 years since Ghana adopted International Accounting Standard(IAS) / International Financial Reporting Standard (IFRS), in place of Ghana National Accounting Standard for all listed companies of which banks are of no exception. There have existed compliance gap by listed companies who claimed compliance. This has been supported by previous research. This study, investigated the extent of compliance with IFRS disclosure requirements of listed banks. Additionally, the study sought to identify factors associated with the level of compliance. The study resorted to secondary data which were obtained from annual reports of the listed banks. The period earmarked for the study was from 2010 to 2014. These years were chosen since much work has not been done on compliance for the years under review for banks on the Ghana Stock Exchange (GSE). The population for the study was listed firms on GSE. The sample size was the banking financial institutions with a total of nine banks, however, sample of six (6) banks were chosen using the judgemental sampling technique. This technique was used since it allowed for exercising judgement to select cases that enable the researcher achieve the objective of the study. Based on the sample of the six (6) listed banks for the 5 years period, an average of 83.7% compliance with IFRS disclosure requirements was made, with profitability and size statistically associated with the level of compliance. As the forces of globalization allow countries to open their doors to foreign investment and business expansion across borders, the need for a common reporting has come to stay and it has therefore become eminent to ensure full compliance with the use of the IFRS. Full compliance can be achieved if there is strict regular monitoring by the regulatory bodies such as (Bank of Ghana, Security and Exchange commission, GSE). Also ICAG which is the solely responsible for regulating the accounting profession should ensure that regular training are organised for auditors in order for them to get the practical update on the standard to ensure compliance.
Description: A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirement for the award of degree of Master of Business Administration (Accounting Option), 2015
URI: http://hdl.handle.net/123456789/8458
Appears in Collections:College of Arts and Social Sciences

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