The Impact of Corporate Financial Scandal on Firms Profitability (A Case Study of Cadbury Nigeria Plc)

ABSTRACT

Access to sustainable microfinance services enables owners of micro-enterprises to increase income level in the economy, create employment opportunities and reduce their vulnerability to external shocks. It also enable poor household to move from by struggle for survival to planning for the future investing in better nutrition and empowering them socially.

     The Research work is therefore aimed at evaluating the micro enterprises access to micro credit in which a research design instrument (Questionnaires) was give out to some micro enterprises in a stratified sampling area to collect the relevant information needed for proper presentation and analysis.

    Pearson coefficient of correlation(r) shows a strong relationship between having awareness of microfinance services and having access to micro credit, as one of the micro finance service by the micro enterprises and those that have access to micro credits even though all the micro enterprises were aware of it but not all of them have access to it due to some reasons.        

PROJECT PROPOSAL

1.0    INTRODUCTION

          hus, this study is intended to examine the effects of financial misstatement or scandals on firm‘s profitability. The study will also cover the control and precautions to financial scandal. The study also examine how best to handle scandals to ensure efficiency and effectiveness of firms.  The practice of manipulating the financial statement to bolster company’s position is not new according to the Association of Certified Fraud Examiners (ACFE) fraud is the deliberate misrepresentation of the financial position of an enterprise, accomplished through the intentional misstatement or omission of amounts or disclosures in the financial statement to deceive financial statement users.