Cloud-Based Accounting Information Systems and Financial Reporting Quality of Listed Information and Communication Technology Firms in Nigeria
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 04
Abstract
The confluence of cloud-based Accounting Information Systems (AIS) adoption and financial reporting quality within Nigeria's Information and Communication Technology (ICT) sector is explored in this study. Given the dynamic landscape of the ICT industry characterized by technological advancements, evolving market dynamics, and regulatory shifts, ICT firms are increasingly turning to cloud-based AIS to streamline their accounting processes and adapt to changing business requirements. The population of the study consists of all eight (8) Information and Communication Technology (ICT) enterprises that are listed on the Nigerian Exchange Group as of 31st December 2022. As a result, this study delves into the impact of Cloud-Based AIS adoption on the Financial Reporting Quality of Listed ICT Firms in Nigeria over a decade-long period from 2013 to 2022. Utilizing a Panel Regression Technique (Random Effect Model), the study identifies a significant overall effect of Cloud-Based AIS on the Financial Reporting Quality of Listed ICT Firms in Nigeria. Moreover, it highlights the significant influence of Cloud Security Investment on financial reporting quality among ICT firms in Nigeria, while Cloud Expenditure Growth is found to have no statistically significant effect. The study emphasizes the need for strategic resource allocation and exploration of cost optimization opportunities, given that cloud expenditure growth may not directly impact financial reporting quality. However, the study recommends for prioritizing cloud security investments to safeguard financial data integrity, mitigate cybersecurity risks, and enhance trust in financial reporting practices, thereby bolstering investor confidence
Authors and Affiliations
OYEWOBI Ifeoluwapo Adebimpe , ADEYEMI Oluwakemi Lola,
Keywords
Related Articles
- EP ID EP734400
- DOI 10.47191/jefms/v7-i4-32
- Views 74
- Downloads 0
The Influence of Good Corporate Governance and Profitability on Tax Aggressivity with Company Size as a Moderation Variable
This study aims to examine and determine the effect of Good Corporate Governance and profitability on tax aggressiveness. The research method used is a quantitative method. The data used is secondary data in the form of...
The Influence of Quality of Work Life on Work Life Balance Which is Mediated by Job Stress, Job Satisfaction and Job Commitment (Study on Employees PT Nindya Karya Project Indonesia)
This research aims to analyze the influence of Quality of Work Life on Work Life Balance which is mediated by Job Stress, Job Satisfaction and Job Commitment (Study on Employees PT Nindya Karya Project Indonesia). The ty...
The Effect of E-Service Quality on Brand Love: E-Satisfaction as a Mediator
Love for higher education institutions is a crucial aspect in strengthening the sustainability and existence of higher education institutions in the future. This research aims to examine the influence of e-service qualit...
The Influence of Leadership and Organizational Culture on Employee Performance through Job Satisfaction as a Mediator at People's Credit Banks in Badung Regency
The purpose of this study is to test and analyze the influence of leadership and organizational culture on employee performance through job satisfaction as a mediator at the People's Credit Bank in Badung Regency. This s...
Effects of TQM Practices Against Outsourcing Employee Satisfaction and Loyalty Electricity Sector
This study examines the relationship of Total Quality Management (TQM) to the satisfaction and loyalty of Outsourcing PT employees. PLN Bungo area, Indonesia. The TQM variables used include employee training, employee e...