ABSTRACT This study empirically investigates the impact of state agencies and industry regulations on the quality of accounting practice in Nigeria. A two stage approach in which the first stage was complemented by the second stage was adopted in carrying out the study. First, the study adopted a survey approach in which data were collected from users and compilers of accounting information through questionnaire. Secondly, secondary data were collected and analyzed. The data were analyzed a...
ABSTRACT Since the promulgation of IFRS as a result of the metamorphosis of the International Accounting Standard Board from the International Accounting Standard Committee in 2001, improved global capital flow and trade were identified as some of the outcomes from using IFRS for global financial reporting practice. Due to the fact that IFRS includes more realistic measure of accounting numbers and promotes better disclosure of accounting transactions, it is adjudged as a better form of fina...
Abstract There is little known about the role of accounting information in terms of its ability to explain changes to the security prices of listed companies on the Nigerian Stock Exchange (NSE). Almost all evidence in this area is obtained from the United States or Western European countries which have sophisticated markets compared to most developing countries. This work investigates the value relevance of accounting data in the Nigerian stock market,with a view to determining whether acc...
ABSTRACT The purpose of this study is to highlight factors contributing to the audit expectation gap in Nigeria. The audit expectation gap is the difference in perception between auditors and users of audited financial statements concerning the nature of auditing. Unfortunately, there have been criticisms of the auditor by the public from which opinions have emerged over the years due to business failure. It seems the users have a different idea of what auditing should be. This is what has le...
ABSTRACT The purpose of this study is to empirically assess how institutional field and internal organizational process factors determine sustainability reporting based on new institutional theory and legitimacy theory. This study employed longitudinal and survey research design to actualize its objectives. Primary data was collected using questionnaire administered to companies to decipher the importance and performance of factors that determine sustainability reporting in Nigeria. Fi...
ABSTRACT The banking sector is the bedrock of the Nigerian economy, and this industry is known to have contributed in no small measure to the development of the economy. This industry is the enabling hub of national and global payment systems, which facilitates trade transactions within and amongst numerous national, regional and international economic units and by so doing; it enhances commerce, industry and exchange. In performing these various functions in the enabling environment provided...
ABSTRACT This study examined the effect of board nationality and ethnic diversity on firms’ performance in the Nigeria stock exchange. With the aim of investigating the level of influence ethnic diversity and board nationality would affect firm performance in terms of profitability and growth in a developing economy, the study made use of ROA, ROE and Tobin’s Q for financial measures. The study analysed date from 60 non-financial firms with periodic observations from 2012-2015 usin...
ABSTRACT This study attempts to analyse tax morale and tax compliance in Nigeria. Taxation is one of the most volatile subjects in governance both in the developing and developed nations. Tax refers to a compulsory contribution, imposed by government, and while taxpayers may receive nothing identifiable in return for their contribution, they nevertheless have the benefit of living in a relatively educated, healthy and safe society. The advent of democratic rule in 1999 has put greater press...
ABSTRACT An international wave of mergers and acquisitions has swept the banking industry as boundaries between financial sectors and products have blurred dramatically. There is therefore the need for countries to have sound resilient banking systems with good corporate governance, which will strengthen and upgrade the institution to survive in an increasingly open environment. In Nigeria, the Central Bank unveiled new banking guidelines designed to consolidate and restructure the indus...
Abstract Total Debtors increased from $462 409.67 to $536 009.80 which is an increase of 13.73% between the years 2012-2013 and also increased from $536 009.80 to $633 009.98 which translates to an increase of 15.3% between 2013-2014. Some debtor balances remained unchanged because services are no longer being offered to them since they failed to pay anything in 2012 thus there was no movement in their accounts up to end of 2014. This raised an alarm about the debt collection policy. This has...
ABSTRACT The aim of this study was to investigate the responsiveness by insurance companies to regulations affecting their financial performance. More specifically the study sought to investigate the effect of profitability, capital adequacy, return on assets, capital requirements and non- financial factors on the financial performance of insurance entities. Primary data was used in this study, where a census survey was preferred as the population of the study was small. A likert scale questi...
ABSTRACT The research project was carried out to investigate on the appropriateness of the prevailing presumptive tax rates levied on informal sector as some informal firms are not paying presumptive tax. The researcher was enticed to study the prevailing presumptive tax rates as presumptive tax head has been under-performing which results in ZIMRA missing the presumptive tax target for the past five years except in 2014. Results of the study revealed out that the presumptive tax rates levied...
ABSTRACT This study sought to determine the impact of non-compliance on statutory obligations by employers to the financial performance of NSSA. In this study 20 employers, 10 inspectors and 3 Principal compliance inspectors and the Compliance Manager were used as research subjects. The researcher used questionnaires and interviews as research instruments. The study showed that the main causes of non-compliance by employers to their statutory obligations taking social security contributions t...
Abstract This research effort is a baseline study, designed to obtain empirical evidence on the current state of the forensic accounting profession in Nigeria; and the level of compliance of the profession with the International Quality Assurance Accreditation Standards (IQAAS). It is an evaluation of the extent of quality standards enforcement mechanisms (QSEM) in the profession in Nigeria. The study used both primary and secondary data. The primary data source consisted of a set of questio...
Abstract The main thrust of the study was to carry an analysis of e-banking as a costs reduction measure at CABS. The focus was on the analysis of the effectiveness of the e-banking model at CABS. A research was prompted as many authors castigated that e-banking present banks with a perfect opportunity to reduce costs and maximize profits but after having introduced e-banking at CABS costs did not reduce thereby creating a basis for researching into the reasons why. Empirical evidence was gat...