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This editorial discusses some of the financial reporting challenges and implications which are arising due to COVID19 occurrence for accounting and auditing professionals. The editorial note argues that the impacts of coronavirus spread are nonadjusting event for 2019 and impacts of the events will be reported and adjusted in the first quarter of 2020 only under interim reporting. Further, it discusses the likely impacts and challenges in some main accounting areas such as revenue recognition, impairment of nonfinancial assets, goodwill impairment, inventory valuation, fair value measurement, hedge accounting, provisions for bad debts etc. Additionally, going concern issues and audit evidence are also discussed because these are considered the grey areas for management and auditors as a lot of judgements are applied in dealing with them. The meaningful and timely disclosures of the likely effects of COVID19 on the financial position and operating performance as well as liquidity of company need to be made. The editorial note concludes that since the conditions are uncertain, therefore, to maintain the quality of financial information to the users, auditors should exercise professional skepticism while auditing the financial statements figures.

Key words: COVID19 pandemic, financial reporting challenges, International Accounting Standard Board, auditor, revenue recognition, financial position, impairment, fair value measurement, deferred taxation, going concern, audit evidence, skepticism.

The purpose of this article is to study the effect of the mandatory adoption of IFRS on accounting conservatism in the French context. The problem raised by this research is therefore to study the impact of the mandatory adoption of IFRS on the degree of accounting conservatism. Our problem is articulated as follows: What is the impact of the mandatory adoption of IFRS on accounting conservatism? in order to respond to our problem, we have chosen to refer to French companies belonging to the SBF 120 index. these companies have therefore been monitored over the period from 2003 to 2012.

In order to analyze the effect of the mandatory adoption of IFRS on accounting conservatism following an indepth review of the accounting literature, we used two econometric models: Basu’s (1997) and Khan and Watts’ (2009)... Following Basu’s (1997) model, we concluded that the adoption of IFRS had a positive impact on the level of accounting conservatism. In other words, the transition from local accounting standards to IFRS has led to an increase in the level of prudence for these French companies, these companies anticipate losses better than before. Since Basu’s (1997) model has been strongly criticized in the accounting literature, we have used a more recent model, Khan and Watts’ (2009) model, to test the impact of IFRS adoption on the level of accounting conservatism. Based on Khan and Watts’ (2009) model, we concluded that during the overall study period these companies did not incorporate bad news into the accounting result, but more specifically the existence of accounting conservatism was noted only for the years 2007, 2008.

Thus, in the light of the results we have achieved, we are able to affirm that the transition to IFRS has had an impact on accounting conservatism; a positive impact according to Basu’s (1997) model over the socalled post IFRS adoption period and an overall negative effect according to Khan and Watts’ (2009) model.

Keywords: IFRS, Timely loss of recognition, Mandatory adoption of IFRS

Today, environment is one of the critical areas in corporate social responsibility. To stay with in the competitive business world, corporate entities are incorporating the environmental elements in their business operations. Therefore, the objective of this study is to identify the contribution of Environmental Management Accounting (EMA) for corporate sustainability.The concept was originally developed in early 1990s with the importance placed on accounting for sustainable development. So, EMA is an emerging system in accounting and management which assesses costs and benefits made by the eco system to a business entity. Qualitative methodology is adopted in this study whichincludes interviews and document reviews as methods of datacollection. Through this study, the researcher has deeply concentrated in explaining the concept of EMA, its current practices and disclosures in a Sri Lankan automobile company and the study summarized from the review findings that EMAis a vital issue for sustainable development. This will provide entrepreneurs and business managers the insights for future to implement or further develop EMA practices as in Sri Lankan context as only a very few are properly following such practices.

In this paper, weexplore the moderating effects of Information Technology on the relationship between bank attributes and financial performance of listed deposit money banks in Nigerian. We viewbank attributes as specific individual internal factors that affect the profitability and performance of the bank. These characteristics are within the purview of the board of directors and management to influence. The internal attributes are also within the scope of the management of the bank to manipulate and also differ from one bank to another.The study uses correlational and expost facto research design in a sample of 15 listed DMBs. Secondary data for a period of 10 years (20092018) is used, and multiple panel regression analysis is employed for data analysis. All robustness tests have been conducted. The results obtained from the research indicate that only asset quality and Information Technology has significant effect on the performance of listed DMBs in Nigeria. On the contrary, the results show that capital adequacy, management efficiency, earning ability and liquidity has negative and insignificant effect on the financial performance of Nigerian listed DMBs. The study also discovers that Information Technology has a significant moderating effect only on earnings ability and financial performance of Nigerian listed DMBs. While the interactive variable does not succeed in improving the association between capital adequacy, asset quality, management efficiency, liquidity and performance of Nigerian listed DMBs. The study concludes that there is a strong relationship between capital adequacy, earning ability and Information Technology and performance of listed deposit money banks in Nigeria. It is therefore, suggested that since Information Technology has a strong moderating role on the association between earning ability and performance of listed deposit money banks in Nigeria, the board of Information Technology Strategy Committee should establish a balance in overall Information Technology investment portfolio in terms of risk, return and strategy for better results ahead.

Keywords: Information Technology, Financial Performance, Deposit money banks, Nigeria.

In Nigeria regulatory authorities like SEC and FRCN takes financial reporting quality very seriously, so that end users will rely on information for their specific use.In 2012, one of such users, a fund manager called lotus capital collaborated with the Nigerian Stock Exchange NSE to launch an Islamic index. The Lotus Islamic Index LII comprises of fifteen companies. These companies were selected by lotus capital based largely on their financial performance. This implies that these companies have sound determinants of reporting quality that promoted the financial performance on which their selection was based. This study examines the determinants of financial reporting quality of Lotus Islamic Index for the period 20122018. A quantitative panel data approach was employed based on extracted information from the annual reports and accounts of these companies. Multiple regressions aided the analysis of the data collected; findings revealed that the internal control system’s control environment, external audit independenceand liquidity are not significantly related to financial reporting quality. However, Leverage and profitability does. The study recommends security and exchange commission SEC and financial reporting council of Nigeria FRCN tosustain their dedicated efforts of ensuring quality financial reporting in Nigeria.

Keywords: Determinants, Financial Reporting Quality, Lotus Islamic Index.