By: James Onweneke Nweke, Perpetual Ijeoma Onuoha, Joseph O. Elom
Pages: 158–178, Volume: 3, Number: 1
Published by: AEFUNAI Journal of Economics, Finance and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike, 2/1/2026, 2026
ISSN (Electronic): 2536-6742
DOI:
Assessing the Impact of Fair Value Accounting on Financial Reporting Transparency: A Study of Selected Insurance Companies in Nigeria
Abstract:
This study examined the effect of fair value accounting on financial reporting transparency among selected Nigerian insurance companies, focusing on asset, share price, and liability values measured under IFRS 13. Using an ex post facto and correlational design, data were sourced from audited financial statements of ten listed insurance firms from 2015-2024, with Financial Reporting Transparency (FRT) as the dependent variable. Findings showed that fair value measurement of assets and liabilities significantly improves reporting transparency, providing more relevant information to investors. However, share price volatility under fair value accounting was found to have a mixed impact. The study recommends continuous training for accountants on fair value techniques to ensure accurate disclosures.
Keywords: Fair value accounting, Transparency, Financial instruments, IFRS, Market valuation
How to Cite
Nweke, J. O., Onuoha, P. I., & Elom, J. O. (2026). Assessing the Impact of Fair Value Accounting on Financial Reporting Transparency: A Study of Selected Insurance Companies in Nigeria. AEFUNAI Journal of Economics, Finance and Development Studies (AEFUNAI-JEFDS), Vol. 3(1), 158–178.
Creative Commons Attribution 4.0 International License (CC BY 4.0)
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