This paper aims to examine the going concern reporting muteness in Pseudo Bank ABC prior to the 2009 intervention of the Central Bank of Nigeria (CBN). As a hallmark of the International Financial Reporting Standard (IFRS), the going concern assumption required in IAS 1 that bank financial statements reported the going concern status assumed in its preparation. An ...

The study builds upon the anatomy of banking firm financial condition developed from the Nigerian experience during 1990–2004 (Njoku and Inanga, 2008b) to explain the underlying nature of the 2008–2009 global banking crises. The anatomy framework conceptualised bank financial condition in seven structural dimensions, including market presence, macro–economic condit...