Abstract
This study observed that many researchers measured the quality of financial reports indirectly by focusing on attributes that are believed to influence the quality of financial reports, such as earning management, financial restatements, and timeless. Therefore, this study aimed to make a contribution in order to improve the measurement of financial reporting quality such as relevance and faithful representation (as fundamental characteristics), while understandability, comparability, verifiability and timeliness (as enhancing characteristics). For the purpose of this research work, primary data were used to examine the attributes of the financial reporting quality collected from Bauchi state investment corporation (BIC). Regression analysis was used to analyze the data collected from the respondents. The study found that Bauchi state investment corporation engaged in earning management activities, but both the internal and the external auditors failed to detect such practices. Therefore, this study recommends that, interested users such as Stock Exchange Commission (SEC) should consider how corporations’ financial reporting quality is determined and presented to the general users.
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