Emereole, C. Joel & Prof. Akani, Fyneface. N.
Digital Accounting Information Reporting and Stakeholder’s Confidence of Quoted Deposit Money Banks in Nigeria.
Abstract
This study examines the relationship between digital accounting information reporting practices and stakeholder confidence in
listed Deposit Money Banks in Nigeria from 2015 to 2024. It specifically analyses the effects of accounting software usage and
cloud computing adoption on financial reporting quality and risk perception. A descriptive correlational research design and a
survey research design were employed. The population of this study comprised all quoted deposit money banks licensed in Nigeria.
Using data from Nigerian banks, the study applies econometric models, including Error Correction Models and long-run analyses,
to evaluate both short- and long-term impacts of these practices. The findings show that accounting software and cloud computing
adoption significantly improve financial reporting quality and reduce risk perception, leading to greater stakeholder confidence
and market stability. The study underscores the importance of digital technologies in enhancing operational efficiency and
transparency in the Nigerian banking sector. It also offers insights for financial institutions in emerging economies and
recommends policy improvements and further research on technological adoption and financial reporting. This research
contributes to the literature on digital transformation in accounting and provides a methodological framework for future studies.
Keywords: Digital accounting, software usage, cloud computing accounting, stakeholders’ confidence, financial reporting
quality, risk perception.
