The following factors are responsible for the extent of disclosure by listed companies. Company size 19 SD D A SA Profitabililty 20 SD D A SA Leverage 21 SD D A SA Company age 22 SD D A SA Industry type 23 SD D A SA Size of external audit firm 24 SD D A SA Multinational affiliation 25 SD D A SA Inadequate training of preparers 26 SD D A SA Poor audit quality by external auditors 27 SD D A SA Ineffective and inefficient monitoring mechanisms 28 SD D A SA Inadequate sanctions to deter non-compliance 29 SD D A SA Cumbersome accounting standards 30 SD D A SA Section E: Consequences of non-compliance with disclosure requirements of the accounting standards. Failure of some Nigerian listed companies is due to partial or non-disclosure of relevant accounting information. 31 SD SD D A SA Partial or non-disclosure of relevant accounting information impedes decisions. investors’ 32 SD D A SA Ensuring full disclosure of relevant accounting standards circumvents fraud. 33 SD D A SA Partial or non-disclosure of relevant accounting information limits prudent allocation of resources. 34 SD D A SA Partial or non-disclosure of relevant accounting information erodes investors' confidence. 35 SD D A SA
The following factors are responsible for the extent of disclosure by listed companies. 19 Company size SD D A SA 20 Profitabililty SD D A SA 21 Leverage SD D A SA 22 Company age SD D A SA 23 Industry type SD D A SA 24 Size of external audit firm SD D A SA 25 Multinational affiliation SD D A SA 26 Inadequate training of preparers SD D A SA 27 Poor audit quality by external auditors SD D A SA 28 Ineffective and inefficient monitoring mechanisms SD D A SA 29 Inadequate sanctions to deter non-compliance SD D A SA 30 Cumbersome accounting standards SD D A SA Section E: Consequences of non-compliance with disclosure requirements of the accounting standards. 31 Failure of some Nigerian listed companies is due to partial or non-disclosure of relevant accounting information. SD SD D A SA 32 Partial or non-disclosure of relevant accounting information impedes investors’ decisions. SD D A SA 33 Ensuring full disclosure of relevant accounting standards circumvents fraud. SD D A SA 34 Partial or non-disclosure of relevant accounting information limits prudent allocation of resources. SD D A SA 35 Partial or non-disclosure of relevant accounting information erodes investors' confidence. SD D A SA
ACCOUNTING_DISCLOSURES_AND_CORPORATE_ATTRIBUTES.docx