Abstract

The study examined the relationship between corporate governance and accounting regulation among selected manufacturing firms in Ogun State, Nigeria. The study was designed as a survey research design. The population was 280 senior accounting and finance workers in registered manufacturing enterprises in Ogun State. The Taro Yamane sampling approach was applied and a further provision for non-response was made to yield 196 questionnaires administered of which 175 valid responses were examined. The data were evaluated by the use of descriptive statistics such as mean and standard deviation while the Pearson Product Moment Correlation was employed to test the link between the variables. The findings showed that manufacturing enterprises in Ogun State had a comparatively high level of governance transparency and IFRS compliance. The study also found a significant and positive association between transparency and IFRS adherence, suggesting that transparent governance methods significantly contribute to ensuring better compliance with accounting standards. The study showed that openness results in improved accountability, diminishes information asymmetry and facilitates the successful application of financial reporting requirements. It thus proposes that manufacturing companies formalise clear reporting practices, improve disclosure procedures and communicate better with stakeholders and for regulatory bodies to increase monitoring and create quantifiable transparency indicators to help with the enforcement of accounting regulation.

Keywords

Corporate Governance, Transparency, Accounting Regulation, International Financial Reporting Standards (IFRS)

File: 1788356298_8._WASMSR_Vol_11_1_.pdf

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