EFFECT OF PRE AND POST IFRS REPORTING SYSTEM IN MODERN BANKING SECTOR IN NIGERIA

The research is to examine the effects of adopting international financial reporting system (IFRS) on modern banking industries and monetary firms, particularly through a study South Eastern region country. literature shows that there need understand (IFRS), in area. applied percentage analysis, descriptive statistics, chi-square correlation analysis data system. result response hypothesis disagrees with null rejects hypothesis. However, alternate will be accepted, which states significant difference between introduction IFRS, has increased reliability transparency statements banks. concludes adopt IFRS sectors south eastern region. findings this show for adoption an enhance accountability sector. recommends other accounting firms organizations improve accuracy. Keywords: Accounting; Finance; Industry; IFRS; GAAP; Banking; Reporting System.