Impact of inflation and economic crises on financial reporting standards: A case study of Nigeria Economy

Nkemjika, Ogujiofor Magnus (2025) Impact of inflation and economic crises on financial reporting standards: A case study of Nigeria Economy. International Journal of Science and Research Archive, 14 (3). pp. 404-409. ISSN 2582-8185

The study investigated the Impact of Inflation and Economic Crises on Financial Reporting Standards; A case Study of Nigeria Economy. The study employed ex-post-facto research design and secondary data were sourced from statistical bulletin etc. the data collected were analyzed using multiple linear regression. From the data analysis, the result showed that interest rate has a strong positive effect, indicating that it improves companies financial metrics and affect inflation rate. It also indicated that exchange rate also has positive effect on inflation and as well improve companies performance. however, consumers price index has negative pressure on company financial performance. it is based on this result that the study recommended that companies should consider a diversified risk management strategy to mitigate the uncertain impact of macroeconomic fluctuations.