{'fraction_non_alphanumeric': 0.01927710843373494, 'fraction_numerical': 0.024899598393574297, 'mean_word_length': 4.768518518518518, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
Impact of Pension Reforms Act 2004 on Compliance with Accounting Standards on Employee Retirement Benefits in Nigeria

This paper seeks to determine whether or not Pension Reforms Act (PRA) 2004 has an impact on compliance with accounting standards on employee retirement benefits (SAS 8) in Nigeria. The population of the study is the 182 firms quoted on the first-tier market of the Nigerian Stock Exchange (NSE). The study utilizes data from a secondary source. Data are obtained from the annual accounts and reports of the 30 firms that make up the sample for the study. So, in all, 30 companies representing 18 sectors in the Nigerian economy are involved in the study. The time frame for the study is ten years, covering the period 1996 to 2005. The technique of analysis utilised in the study is the student's t-test for paired observations. We conclude that even though PRA 2004 has positive impact on compliance with the requirements of SAS 8, variability in compliance among firms in Nigeria still exists. The paper recommends an effective monitoring/supervision and enforcement of the provisions of PRA in addition to effective implementation of the penalties provided by the act on non-compliers regardless of their status or origin.