Accounting standards compliance and quality of financial reporting of corporate institution
| dc.contributor.author | Julie Nnyanzi | |
| dc.date.accessioned | 2026-04-27T10:20:50Z | |
| dc.date.available | 2026-04-27T10:20:50Z | |
| dc.date.issued | 2026-04-14 | |
| dc.description | Undergraduate | |
| dc.description.abstract | Compliance with accounting standards is essential in ensuring the quality and credibility of financial reporting, especially in the banking industry where stakeholders rely on accurate and reliable financial reporting. This study sought to investigate the impact of compliance with IFRS on the quality of financial reporting at Stanbic Bank Uganda. This study was informed by the need to determine whether the bank’s compliance with IFRS translates into financial reports that are relevant, reliable, transparent, and useful in decision-making. The specific objectives of the study were: To examine the impact of compliance with accounting standards on the quality of financial reporting; To examine the quality of financial reports in terms of their relevance, reliability, and transparency; and To identify the challenges facing Stanbic Bank Uganda in achieving compliance with IFRS. A descriptive and explanatory research design was used in this study. The study targeted Stanbic Bank Uganda headquarters in Kampala. Data collection instruments used were questionnaires and financial reports. Data analysis was done using statistical analysis. The target population in this study comprised employees of Stanbic Bank Uganda, specifically those working in the accounting, auditing, finance, and compliance departments. These include accountants, auditors, finance officers, compliance officers, and management. The total target population is estimated at 80 employees working in the aforementioned departments. A sample of 67 respondents was selected using Yamane’s (1967) sample size calculation. The study was guided by the desire to provide useful information for bank managers, regulators, and stakeholders, as well as contribute to the small body of empirical studies on IFRS compliance and financial reporting quality in Uganda. It revealed that adhering to accounting standards has a significant positive effect on the quality of financial reports in terms of accuracy, reliability, and transparency. Stanbic Bank Uganda was singled out as a firm that generates quality financial reports due to effective governance, IFRS compliance, and effective auditing practices. However, the study also revealed that there are challenges in adhering to accounting standards, such as the complexity of the rules, inefficiency in the system, and inadequacies in terms of skills required for effective compliance. This calls for continued investment in technology and skill development for effective compliance with accounting standards, as revealed in the findings. Stanbic Bank Uganda, for example, has a clear way forward in terms of improving governance, adhering to IFRS, and improving system integration for effective operation, reducing inefficiency and waste in the system. Continued commitment to greater transparency, effective internal control, and cooperation with regulatory bodies is crucial for effective and reliable financial reporting. | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12311/3266 | |
| dc.language.iso | en | |
| dc.publisher | Uganda Christian University | |
| dc.title | Accounting standards compliance and quality of financial reporting of corporate institution | |
| dc.type | Dissertation |