Ogbebor Roland Osamudiame, Prof. E. O. Nwadialor, Evbota Cephas Imuentinyan
The broad objective of this study is to find out if corporate attributes affect timeliness of financial reports in Nigerian quoted companies. Timeliness is operationalised as the number of days from the firm’s financial year-end to the publication of financial reports. It also investigates the compliance with the 90 – day period for the publication of financial reports. To achieve this end, this project utilizes a sample of 79 observations, comprising twenty one (21) firms in 2011 and 2012, twenty five (25) in 2013 and twelve (12) firms in 2014 using their annual reports. A number of variables were examined and investigated, using the Ordinary Lest Square (OLS) regression to find the relationship between timeliness and the variables; profitability, audit delay, firm size, debt-equity and audit firm size based on the model adapted from Iyoha (2012).Findings reveal that Audit delay is statistically significant and positively related to timeliness. Additionally the mean timeliness is found to exceed the 90 – day period. Based on these findings, it is therefore recommended that government should address the long period delay in publishing financial reporting in Nigeria by enforcing the compliance with the 90-day provision. This, truly, will enhance the usefulness of timeliness as a qualitative variable which has been recognized as a world practice of financial reporting attributes.
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Accounting, Banking and Finance
Timeliness, timeliness variables, financial reporting, Nigeria
17th April, 2018
17th April, 2018