The effect of adoption of international financial reporting standards on quality of financial reporting by companies listed at Nairobi securities exchange.
Abstract
Accounting is shaped by economic and political forces. It follows that increased
worldwide integration of both markets and politics driven by reductions in
communications and information processing costs makes increased integration of
financial reporting standards and practice almost inevitable. International Financial
Reporting Standards (IFRS) is a standard format of financial reporting that is gaining
momentum worldwide and is a single consistent accounting framework and has become
predominant Generally Accepted Accounting Practice (GAAP). The aim of this study is
to try and established the quality of financial reporting of companies who are adopting
the international financial reporting standards.
Publisher
University of Nairobi