This study examines the determinants of compliance with requirements of International Accounting Standard (IAS) 41 by 5 listed agricultural companies in Nigeria during the period 2012 to 2022. The determinants examined were firm size, firm age, profitability, liquidity, leverage, and auditor type. The study adopted correlational research design. The data was obtained from published annual report and accounts of the listed agricultural companies. The data was analyzed using the robust Ordinary Least Squares (OLS) for panel data set. The results revealed a compliance level of 68.9% by the agricultural companies with IAS 41. Further, firm age, firm size, profitability, and leverage were found to be significant determinants of compliance with IAS 41 by listed agricultural companies in Nigeria. However, liquidity, and auditor type were found to be insignificant determinants of compliance with IAS 41. Based on the findings, it was recommended, that the Financial Reporting Council of Nigeria (FRCN) and other regulatory bodies like the Securities and Exchange Commission (SEC) who have responsibility for monitoring and enforcing compliance with accounting standards by reporting entities should be aware of those firm specific factors that influence compliance while intensifying compliance monitoring, and adoption of stricter penalties on noncompliant listed agricultural companies. The study contributes to the wider debate on factors influencing compliance with specific industry financial reporting requirements by reporting entities in the IFRS reporting regime.