Evaluation Of The Level Of Conformity With Accounting Standards (A Study Of Selected Listed Companies)

ABSTRACT

This study is on the evaluation of the level of conformity with accounting standards. The data collect ion techniques employed for the study were both primary and secondary techniques. The Correlation coefficient analysis was used in testing the hypotheses and judgments made. Ii was discovered that companies do not comply fully with the requirements of the standards and that non-compliance is as a result of their unwillingness to comply especially where their financial status may not be enhanced. Results of the studies also showed that auditors do not insist on compliance even when there is material departures not disclosed in the financial statements. Suggestions where made as to the ways of improving on the present level of compliance with the standards.