ABSTRACT The purpose of the study was to explore the extent to which Small and Medium Enterprises (SMEs) in the Cape Coast Metropolis comply with International Financial Reporting Standards (IFRSs). The study further looked at firm attributes (size, profitability, audit type, internationality, type of SME, and leverage) that relate and also influence the level of SMEs’ compliance with IFRSs. The descriptive design was adopted for this study. The study sampled 89 SMEs within the metropolis, ...
ABSTRACT The purpose of the study was to assess the effectiveness of internal controls in credit unions in Takoradi. The study used cross-sectional descriptive survey. It was conducted in Takoradi for the staff/workers, management and the clients of Shama Co-operative Credit Union and Work place credit union. Simple random was employed to select 102 workers each from the various credit unions, however, purposive sampling was used to select 2 management officials each from various credit union...
ABSTRACT Public Sector Organizations are not countries but they have a sort of constitutions in the form of internal regulations and controls to adhere to in order to ensure judicious use of their resources towards sustainable growth and development. Unfortunately, the big investments countries are making to achieve their policy objectives are totally derailed or only partially achieved due to disobedience to the financial rules and laws. Financial controls use by the heads of these instituti...
ABSTRACT The research aims to examine accounting record keeping practices and its association with growth of SMEs in Wassa Amenfi West Municipality. The specific objectives are: to determine the extent of accounting record keeping practices of SMEs in the Wassa Amenfi Municipal, examine the types of accounting records kept by SMEs in Wassa Amenfi West Municipal, determine whether entrepreneur characteristics affect accounting record keeping practices and assess the effect of accounting record...
ABSTRACT The aim of this study was to examine the role effectiveness of Audit Committees and financial reporting quality in selected companies in Ghana. The study adopted the case study research design. A total of fifty-four respondents participated in the study. The convenience sampling method was used in selecting the respondents for the study. Data was collected using questionnaire. Spearman Rank Order (rho) correlation, frequencies and percentages, pie charts, and mean and standard deviat...
ABSTRACT Under the current democratic dispensation, Metropolitan, Municipal and District Assemblies (MMDAs) in Ghana are no longer there just to discharge administrative functions. They are deeply involved in collective participation of governance, encourage physical and economic development, create the conditions for job creation within their localities and provide social services that will improve the well-being of their people. But for MMDAs to perform these functions effectively and effic...
ABSTRACT Most nations in sub-Saharan Africa, including Ghana, have set out on various change programs including public financial management reforms for advancing effectiveness in the public sector but have been unsuccessful, with implementation being a major obstacle. The main objective of this study is to evaluate the implementation of GIFMIS in Ghana’s public financial management system and to examine the motivation(s) for its development and introduction. Data was gathered from a qualit...
ABSTRACT The real estate sector is one of the fastest growing sub-sectors in the Ghanaian economy. According to the Ghana Revenue Authority, rent income tax collected from this sector has not been encouraging. This study seeks to determine the factors affecting rent income tax compliance in Tarkwa Nsueam and Sefwi Wiawso Municipalities. The study used quantitative approach. Simple random sampling was used to select 278 property owners as the sample size. Data was collected using a structured...
ABSTRACT Most nations in the world have modernized their accounting practices especially during the few decades of the 21st century. Such modernization encompasses the adoption and adaptation of local accounting practices and harmonizing it with that of the International Financial Reporting Standards (IFRS). Despite the significant decision by Ghana to adopt IFRS in the quest to increase harmonization and comparability of financial statements of companies in Ghana, as stakeholders in IFRS, ...
ABSTRACT Over the years, the business environments are increasingly becoming highly integrated and more complex due to a sudden rise to the numerous business functions and operations at the various work places. At the same time, the management function is undoubtedly faced with the challenge of keeping track of all the diverse organizational resources, numerous business activities, together with monitoring the entire business processes and the huge order-turnover processes. In light of the fo...
ABSTRACT Corporate governance, as an antidote to corruption, has received significant public and regulators attention in today‘s global world and the internal audit has been identified as the most effective control mechanism to ensure good corporate governance in the public sector. This study, therefore, investigated into the effectiveness of the internal audit units in the public sector in promoting good corporate governance. It reviewed history of internal audit, corporate governance, in...
ABSTRACT The purpose of the study was to investigate credit risk management and pricing strategies of Micro and Small Enterprises (MSEs), and their influence on the enterprises’ performance at Cape Coast Metropolis (CCM). The descriptive survey design was adopted for the study. A sample size of 179 was used for the study. The snowball sampling technique was used to select the 179 respondents who were made up of owners/managers and account/finance staff of the various MSEs in the metropolis...
ABSTRACT The Auditor General of Ghana’s reports on the public accounts of Ghana takes a direction of consistently reporting of malpractices. The role of internal auditors in preventing these occurrences constantly comes into the spotlight. Other researchers found that internal auditors devoted less time to productive activities. The study therefore sought to evaluate the quality of internal audit in the quasi-public sector institutions in preventing mass financial malpractices. Specific at...
ABSTRACT The paper aims to examine the impact of credit risk on the profitability of credit unions in Ghana. The specific objectives are: to examine the methods of measuring credit risk, examine the factors that influence credit standards of credit union, examine the relationship between credit risk and profitability and to assess the credit risk management strategies adopted by credit unions in Ghana. The research design adopted by the study was a descriptive research design. A sample size o...
ABSTRACT The study was to examine the knowledge and utilization of e-banking facilities in Kaaseman Rural Bank in Ghana. The study used a quantitative and descriptive design of which customers and management of Kaaseman Rural Bank were targeted. Two hundred and eighty respondents were chosen with the aid of simple random sampling technique for selecting the customers while purposive sampling was used to select the managers of the four branches of Kaaseman Rural Bank. Questionnaire was the mai...