In 2016, Kenya enacted the Banking (amendment) Act 2016 which allowed lending interest rates charged by Commercial Banks in Kenya to be fixed at the Central Bank Rate plus a spread of 4% and deposit rates at 70% of the Central Bank Rate. Many banks protested this move since it meant reduced profitability. As a result, commercial banks introduced stringent credit qualification criteria locking out many borrowers who would have otherwise qualified for credit. Therefore, this study sought to establish how interest rate capping affects credit uptake of Commercial Banks in Kenya. The objectives of the study were; to determine the effect of capping lending interest rates, capping deposit interest rates, deposit interest rate spread on credit uptake of commercial banks in Kenya and the moderating effect of inflation risk premium on the relationship between interest rate capping and credit uptake of commercial banks in Kenya. The study was guided by four theories namely: Irving Fisher's Theory of Interest Rates, the Fisher Effect, Loan Pricing Theory and Loanable Funds Theory. The study conducted diagnostic test on multicollinearity normality test and Heteroscedasticity test. The study adopted descriptive research design. The target population for the study was all the 40 licensed commercial banks in Kenya. The sampling frame for the study was all (40) licensed commercial banks in Kenya. This study collected both primary and secondary data because both data reinforced each other. Primary data was collected using semi-structured questionnaires, while secondary data was collected from audited and released financial statements of Commercial Banks in Kenya for the period 2014–2019. The data was analyzed using multiple regressions and descriptive statistics namely: mean median, mode and standard deviation. Quantitative data was presented using tables, pie charts and bar graphs while qualitative data has been presented descriptively. The study established that while capping lending interest rates and interest rate spread had a significant effect on credit uptake of commercial banks in Kenya, capping deposit interest rates was insignificant and the relationship was significantly moderated by inflation risk premium. The study concluded that interest rate spread had the largest effect on credit uptake of commercial banks in Kenya followed by capping lending interest rates and lastly capping deposit interest rates. The study recommends that when formulating policies on interest rate capping, the Central Bank of Kenya should focus more on the lending side as compared to the deposits side. Keywords: Interest rates capping, Credit uptake, Lending interest rates, Deposit interest rates, Interest rates spread, Inflation risk premium.
{"title":"Interest Rates Capping and Credit Uptake of Commercial Banks in Kenya","authors":"Mamboleo Kepha Moenga","doi":"10.53819/81018102t4142","DOIUrl":"https://doi.org/10.53819/81018102t4142","url":null,"abstract":"In 2016, Kenya enacted the Banking (amendment) Act 2016 which allowed lending interest rates charged by Commercial Banks in Kenya to be fixed at the Central Bank Rate plus a spread of 4% and deposit rates at 70% of the Central Bank Rate. Many banks protested this move since it meant reduced profitability. As a result, commercial banks introduced stringent credit qualification criteria locking out many borrowers who would have otherwise qualified for credit. Therefore, this study sought to establish how interest rate capping affects credit uptake of Commercial Banks in Kenya. The objectives of the study were; to determine the effect of capping lending interest rates, capping deposit interest rates, deposit interest rate spread on credit uptake of commercial banks in Kenya and the moderating effect of inflation risk premium on the relationship between interest rate capping and credit uptake of commercial banks in Kenya. The study was guided by four theories namely: Irving Fisher's Theory of Interest Rates, the Fisher Effect, Loan Pricing Theory and Loanable Funds Theory. The study conducted diagnostic test on multicollinearity normality test and Heteroscedasticity test. The study adopted descriptive research design. The target population for the study was all the 40 licensed commercial banks in Kenya. The sampling frame for the study was all (40) licensed commercial banks in Kenya. This study collected both primary and secondary data because both data reinforced each other. Primary data was collected using semi-structured questionnaires, while secondary data was collected from audited and released financial statements of Commercial Banks in Kenya for the period 2014–2019. The data was analyzed using multiple regressions and descriptive statistics namely: mean median, mode and standard deviation. Quantitative data was presented using tables, pie charts and bar graphs while qualitative data has been presented descriptively. The study established that while capping lending interest rates and interest rate spread had a significant effect on credit uptake of commercial banks in Kenya, capping deposit interest rates was insignificant and the relationship was significantly moderated by inflation risk premium. The study concluded that interest rate spread had the largest effect on credit uptake of commercial banks in Kenya followed by capping lending interest rates and lastly capping deposit interest rates. The study recommends that when formulating policies on interest rate capping, the Central Bank of Kenya should focus more on the lending side as compared to the deposits side. Keywords: Interest rates capping, Credit uptake, Lending interest rates, Deposit interest rates, Interest rates spread, Inflation risk premium.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80392121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines how Vietnamese enterprises in various industries, including oil and gas, transportation, and food, were impacted by the tensions between Russia and Ukraine during the first half of 2022. By utilizing statistical comparison methods, the study found that there were fluctuations in revenue, profit, and other indicators that measure business activity. Specifically, in the oil and gas industry, companies such as Vietnam Gas Corporation, Binh Son Refining and Petrochemical Joint Stock Company, and Ca Mau Petroleum Fertilizer Company saw higher revenue and financial ratios compared to the industry average, while other businesses experienced a decrease from the previous quarter. Transport companies benefited from increased import and export, as well as high freight rates and global price hikes for goods and materials. The food industry in Vietnam saw the Russia-Ukraine conflict as a significant opportunity for growth, but businesses still encountered challenges in capitalizing on this potential. As Vietnam's economy is deeply intertwined with the global economy, fluctuations and high inflation in the world economy can have an impact on the country's economy and businesses. Keywords: Market Volatility, Political Tension, Vietnamese Enterprises, Russia-Ukraine Conflict.
{"title":"Investigating the Impact of Global Policy and Political Shifts on Vietnamese Businesses","authors":"Khai, Ha Vu","doi":"10.53819/81018102t2138","DOIUrl":"https://doi.org/10.53819/81018102t2138","url":null,"abstract":"This paper examines how Vietnamese enterprises in various industries, including oil and gas, transportation, and food, were impacted by the tensions between Russia and Ukraine during the first half of 2022. By utilizing statistical comparison methods, the study found that there were fluctuations in revenue, profit, and other indicators that measure business activity. Specifically, in the oil and gas industry, companies such as Vietnam Gas Corporation, Binh Son Refining and Petrochemical Joint Stock Company, and Ca Mau Petroleum Fertilizer Company saw higher revenue and financial ratios compared to the industry average, while other businesses experienced a decrease from the previous quarter. Transport companies benefited from increased import and export, as well as high freight rates and global price hikes for goods and materials. The food industry in Vietnam saw the Russia-Ukraine conflict as a significant opportunity for growth, but businesses still encountered challenges in capitalizing on this potential. As Vietnam's economy is deeply intertwined with the global economy, fluctuations and high inflation in the world economy can have an impact on the country's economy and businesses. Keywords: Market Volatility, Political Tension, Vietnamese Enterprises, Russia-Ukraine Conflict.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86199822","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
: Performance expectation and shareholders’ wealth creation have made banks to take their banking operations beyond their immediate local environments. Research has shown that banks take advantage of crossboarder activities to improve and increase their earnings and ultimately increase shareholders’ wealth maximization motive of the banks. There have been divergent results and opinions on the impact of banks’ foreign operations on the total performance of the banks. Consequently, in contributing to knowledge, this study examined the effect of internationalization on earnings per share in Deposit Money Banks in slected African countries. This research examined the impact of internationalization on earnings per share in deposit money banks in Nigeria, South Africa and Kenya between 2007 and 2021 using expo facto research design. Purposive sampling technique was employed to select seventeen deposit money banks out of a population of seventy-one banks that had international operations authorization licences in the selected countries. Secondary dat were extracted from the published annual financial statements of the selected banks. The data were considered valid and reliable because of the independent opinions expressed on them by the various external auditors. The data were ananlysed using descriptive and inferential statistics. The result obtained from the multiple regression analysis suggested that internationalization exhibited a significant effect on earnings per share, (Ad jR 2 = 0.0145; F(5, 249) = 23.54; p<0.05). In addition, exchange rate significantly controlled the effect of internationalization on earnings per share (Adj. R 2 = 0.0285; F(6, 248) = 13.14; p<0.05. The study concluded that internationalization affected earnings per share in DMBs in selected African countries. The study therefore recommended that investors should be concerned and carefully evaluate the reasons for the banks going international. Also, policymakers, financial regulators and the government should not be in a haste approving internationalization banking authorizations to banks, when huge opportunities still subsist in the domestic level.
{"title":"Effect of Internationalization on Earnings Per Share in Deposit Money Banks in Selected African Countries","authors":"Cletus Oluwadare Ebe, Folajimi Festus Adegbie, Ayodeji Temitope Ajibade","doi":"10.11648/j.jfa.20231103.12","DOIUrl":"https://doi.org/10.11648/j.jfa.20231103.12","url":null,"abstract":": Performance expectation and shareholders’ wealth creation have made banks to take their banking operations beyond their immediate local environments. Research has shown that banks take advantage of crossboarder activities to improve and increase their earnings and ultimately increase shareholders’ wealth maximization motive of the banks. There have been divergent results and opinions on the impact of banks’ foreign operations on the total performance of the banks. Consequently, in contributing to knowledge, this study examined the effect of internationalization on earnings per share in Deposit Money Banks in slected African countries. This research examined the impact of internationalization on earnings per share in deposit money banks in Nigeria, South Africa and Kenya between 2007 and 2021 using expo facto research design. Purposive sampling technique was employed to select seventeen deposit money banks out of a population of seventy-one banks that had international operations authorization licences in the selected countries. Secondary dat were extracted from the published annual financial statements of the selected banks. The data were considered valid and reliable because of the independent opinions expressed on them by the various external auditors. The data were ananlysed using descriptive and inferential statistics. The result obtained from the multiple regression analysis suggested that internationalization exhibited a significant effect on earnings per share, (Ad jR 2 = 0.0145; F(5, 249) = 23.54; p<0.05). In addition, exchange rate significantly controlled the effect of internationalization on earnings per share (Adj. R 2 = 0.0285; F(6, 248) = 13.14; p<0.05. The study concluded that internationalization affected earnings per share in DMBs in selected African countries. The study therefore recommended that investors should be concerned and carefully evaluate the reasons for the banks going international. Also, policymakers, financial regulators and the government should not be in a haste approving internationalization banking authorizations to banks, when huge opportunities still subsist in the domestic level.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76790093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-18DOI: 10.11648/j.jfa.20231103.11
H. Marzouk, Wyème Ben Mrad Douagi
{"title":"Verbal Qualitative Information from Social Networks and Stock Performance of Tunisian Financial Companies","authors":"H. Marzouk, Wyème Ben Mrad Douagi","doi":"10.11648/j.jfa.20231103.11","DOIUrl":"https://doi.org/10.11648/j.jfa.20231103.11","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80896343","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
NGOs in Kenya play major roles in a number of developmental areas; socially, politically, economically and culturally. However, the NGOs in Kenya have been characterized with poor relations towards the citizens, which has been brought about by problems in political, historical and cultural aspects. This study sought to determine the effect of financial planning on resource mobilization of humanitarian non-governmental organizations in Nairobi County. The study adopted a descriptive research design. The target population of the current study was 64 humanitarian NGOs that are based in Nairobi County. While the unit of analysis was the 64 humanitarian NGOs, the unit of observation were two respondents from finance and project management departments of these organizations. The study adopted a census sampling technique where the entire sample size of 128 was used. Primary data was collected using a structured questionnaire. A regression model was used to test the effect of financial planning on the resource mobilization of Humanitarian NGOs in Nairobi County. The results indicated that financial planning has a negative and insignificant effect on resource mobilization of Humanitarian Non-Governmental Organizations in Nairobi County (B = -0.068; t = -0.890 < 1.96, = p-value = 0.375 > 0.05). These results imply that efficient financial planning practices do not improve resource mobilization of Humanitarian Non-Governmental Organizations in Nairobi County. The null hypothesis developed on the non-significance of financial planning on resource mobilization of Humanitarian Non-Governmental Organizations in Nairobi County was not rejected. The study findings led to a conclusion that the null hypothesis on the insignificance of the influence of financial planning on the resource mobilization of Humanitarian Non-Governmental Organizations in Nairobi County was not rejected. The study found that the current financial planning measures adopted by Humanitarian Non-Governmental Organizations do not improve their financial accountability. Thus, the study recommends that there is need for these organization to pay keen attention to their financial planning around budgeting, financial practices, and financial forecasting, in order to improve their financial accountability.
{"title":"Effect of Financial Planning on Resource Mobilization of Humanitarian Non-Governmental Organizations in Nairobi County","authors":"Nancy Asiko Odhiambo","doi":"10.53819/81018102t2133","DOIUrl":"https://doi.org/10.53819/81018102t2133","url":null,"abstract":"NGOs in Kenya play major roles in a number of developmental areas; socially, politically, economically and culturally. However, the NGOs in Kenya have been characterized with poor relations towards the citizens, which has been brought about by problems in political, historical and cultural aspects. This study sought to determine the effect of financial planning on resource mobilization of humanitarian non-governmental organizations in Nairobi County. The study adopted a descriptive research design. The target population of the current study was 64 humanitarian NGOs that are based in Nairobi County. While the unit of analysis was the 64 humanitarian NGOs, the unit of observation were two respondents from finance and project management departments of these organizations. The study adopted a census sampling technique where the entire sample size of 128 was used. Primary data was collected using a structured questionnaire. A regression model was used to test the effect of financial planning on the resource mobilization of Humanitarian NGOs in Nairobi County. The results indicated that financial planning has a negative and insignificant effect on resource mobilization of Humanitarian Non-Governmental Organizations in Nairobi County (B = -0.068; t = -0.890 < 1.96, = p-value = 0.375 > 0.05). These results imply that efficient financial planning practices do not improve resource mobilization of Humanitarian Non-Governmental Organizations in Nairobi County. The null hypothesis developed on the non-significance of financial planning on resource mobilization of Humanitarian Non-Governmental Organizations in Nairobi County was not rejected. The study findings led to a conclusion that the null hypothesis on the insignificance of the influence of financial planning on the resource mobilization of Humanitarian Non-Governmental Organizations in Nairobi County was not rejected. The study found that the current financial planning measures adopted by Humanitarian Non-Governmental Organizations do not improve their financial accountability. Thus, the study recommends that there is need for these organization to pay keen attention to their financial planning around budgeting, financial practices, and financial forecasting, in order to improve their financial accountability.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79419018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
NGOs operate in diverse environments and deal with different types of stakeholders, they face several risks, including financial fraud, mismanagement, and non-compliance with legal and regulatory frameworks. They are therefore vulnerable to fraud and embezzlement due to their reliance on donations and grants, lack of oversight
{"title":"Effect of Internal Controls on Resource Mobilization of Non-Governmental Organizations in Nairobi County","authors":"Nancy Asiko Odhiambo, B. Maende","doi":"10.53819/81018102t2132","DOIUrl":"https://doi.org/10.53819/81018102t2132","url":null,"abstract":"NGOs operate in diverse environments and deal with different types of stakeholders, they face several risks, including financial fraud, mismanagement, and non-compliance with legal and regulatory frameworks. They are therefore vulnerable to fraud and embezzlement due to their reliance on donations and grants, lack of oversight","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87169687","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effect of International Political Developments on the Vietnamese Stock Exchange","authors":"Phuong Nguyen","doi":"10.53819/81018102t2130","DOIUrl":"https://doi.org/10.53819/81018102t2130","url":null,"abstract":"L","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74742645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Impact of Big Data’s Characteristics on the Management Accountant’s Role as A Business Partner - A Field Evidence from Egyptian Environment","authors":"Mohamed Mahmoud Elhoushy, Elsayed Mahmoud Elhennawy, Mohamed Khamis Zaytoun","doi":"10.12691/jfa-11-1-3","DOIUrl":"https://doi.org/10.12691/jfa-11-1-3","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79890356","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Basel III Implementation and Financial Performance of Banks in Rwanda: A Case of Bank of Kigali Huye Branch","authors":"","doi":"10.53819/81018102t3077","DOIUrl":"https://doi.org/10.53819/81018102t3077","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75691690","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study conducted a systematic review and meta-analysis on the impact of audit quality on accountability and transparency among financial institutions in the United States. By synthesizing empirical evidence from relevant literature, the study aimed at providing a comprehensive understanding of the relationship between audit quality and financial reporting practices in the banking and financial sector. This research not only evaluated the effectiveness of current auditing standards but also offers valuable insights for policymakers, regulators, and industry stakeholders seeking to enhance the overall quality and trustworthiness of financial reporting. The review methodology involved a rigorous selection process to identify and analyze relevant studies that have investigated the relationship between audit quality, accountability, and transparency in financial institutions. By aggregating the findings of these studies, the study conduct a meta-analysis to identify trends, patterns, and areas of consensus or divergence. This approach enabled the researcher to assess the strength and generalizability of the evidence, as well as highlight potential gaps in the literature. The findings of the study revealed a significant positive association between audit quality and the level of accountability and transparency in financial institutions. Enhanced audit quality leads to more accurate financial reporting, which in turn strengthens the trust of stakeholders in the financial sector. The meta-analysis also identified the effectiveness of a risk-based audit approach, the importance of auditor independence, and the need for greater regulatory oversight in fostering higher-quality audits. Furthermore, study observed a positive relationship between transparency in the auditing process and stakeholder trust, underscoring the importance of robust disclosure requirements. The study concludes by providing recommendations for improving audit quality, promoting transparency, and strengthening accountability among financial institutions in the United States. Keywords: Audit quality, accountability, financial transparency, financial growth
{"title":"Assessing the Impact of Audit Quality on Accountability and Transparency among Financial Institutions in the United States: A Systematic Review and Meta-Analysis","authors":"Huckleberry King","doi":"10.53819/81018102t4130","DOIUrl":"https://doi.org/10.53819/81018102t4130","url":null,"abstract":"This study conducted a systematic review and meta-analysis on the impact of audit quality on accountability and transparency among financial institutions in the United States. By synthesizing empirical evidence from relevant literature, the study aimed at providing a comprehensive understanding of the relationship between audit quality and financial reporting practices in the banking and financial sector. This research not only evaluated the effectiveness of current auditing standards but also offers valuable insights for policymakers, regulators, and industry stakeholders seeking to enhance the overall quality and trustworthiness of financial reporting. The review methodology involved a rigorous selection process to identify and analyze relevant studies that have investigated the relationship between audit quality, accountability, and transparency in financial institutions. By aggregating the findings of these studies, the study conduct a meta-analysis to identify trends, patterns, and areas of consensus or divergence. This approach enabled the researcher to assess the strength and generalizability of the evidence, as well as highlight potential gaps in the literature. The findings of the study revealed a significant positive association between audit quality and the level of accountability and transparency in financial institutions. Enhanced audit quality leads to more accurate financial reporting, which in turn strengthens the trust of stakeholders in the financial sector. The meta-analysis also identified the effectiveness of a risk-based audit approach, the importance of auditor independence, and the need for greater regulatory oversight in fostering higher-quality audits. Furthermore, study observed a positive relationship between transparency in the auditing process and stakeholder trust, underscoring the importance of robust disclosure requirements. The study concludes by providing recommendations for improving audit quality, promoting transparency, and strengthening accountability among financial institutions in the United States. Keywords: Audit quality, accountability, financial transparency, financial growth","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78261588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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