Effect of Information Disclosure on Compliance with CAMA 2004 of Listed Telecommunication Companies in Nigeria

Abstract

Compliance with regulatory requirements has increasingly become a concern of corporate and public sector management. However, little is known about why some companies are not complying with CAMA in Nigeria. The objective of this study is to examine the effect of information disclosure on compliance with CAMA 2004 of listed telecommunication companies in Nigeria.  The study adopted ex-post facto research design using secondary data.  The data was collected from the financial statements of four telecommunication companies for the period of 2011 to 2015. The multiple regression statistics was used to analyze the data. The finding reveals that the compliance index computed indicates that the telecommunication fully complied with CAMA.  Furthermore, the attributes (MID and VID) have positive correlation with compliance with CAMA. It is concluded that, it is not only compliance with accounting standards, but also compliance with the legal statutes such as CAMA for users of accounting information to obtain quality information for their various users decision- making. It is therefore recommended that NCC should monitor the compliance with the requirements of information disclosure and pursue its objective to achieve best corporate governance practice in telecommunication.

Keywords: Compliance; CAMA; Information disclosure; Telecommunication companies; Nigeria