Pub Date : 2023-09-12DOI: 10.56201/jafm.v9.no6.2023.pg80.98
Sopuruchukwu Peace Okwuego, Hope Ifeoma Orjinta
This study investigated empirically the moderating role of audit committee on firm attributes and reporting lag of quoted money deposit banks in Nigeria for a period of ten years covering from 2012 to 2021. The study adopted ex-post facto research design and data sourced from selected firm’s yearly reports. To proxy firm attributes the study used return on asset (ROA), asset tangibility (ASSTAN), firm growth (FGRWT), firm age (FAGE), and firm size (FSIZE). Reporting lag was measured using the firm’s reporting lag within the period of review while audit committee was measured by the audit committee size. The study conducted some preliminary analysis such as descriptive statistics, correlation analysis to ascertain the normality and presence of multi-colinearity in the data collated and used the ordinary least square regressions analysis to analyze the data collected. Findings show that the moderating role of Audit committee on ASSTAN, FAGE, and FSIZE positively but insignificantly affect the level of reporting lag of quoted Money Deposit Bank in Nigeria while ROA and FGRWT, positively and significantly affect the level of reporting lag of quoted Money Deposit Bank in Nigeria hence audit committee moderating firm attributes can impact on the level of reporting lag of Money Deposit Bank. The study recommends that firms should have an efficient audit committee to boost a strong internal control and accounting system and also abide by all the regulations, including accounting standards, so as to reduce auditors’ reporting lag
{"title":"Firms Attributes and Reporting Lag: The Moderating Role of Audit Committee","authors":"Sopuruchukwu Peace Okwuego, Hope Ifeoma Orjinta","doi":"10.56201/jafm.v9.no6.2023.pg80.98","DOIUrl":"https://doi.org/10.56201/jafm.v9.no6.2023.pg80.98","url":null,"abstract":"This study investigated empirically the moderating role of audit committee on firm attributes and reporting lag of quoted money deposit banks in Nigeria for a period of ten years covering from 2012 to 2021. The study adopted ex-post facto research design and data sourced from selected firm’s yearly reports. To proxy firm attributes the study used return on asset (ROA), asset tangibility (ASSTAN), firm growth (FGRWT), firm age (FAGE), and firm size (FSIZE). Reporting lag was measured using the firm’s reporting lag within the period of review while audit committee was measured by the audit committee size. The study conducted some preliminary analysis such as descriptive statistics, correlation analysis to ascertain the normality and presence of multi-colinearity in the data collated and used the ordinary least square regressions analysis to analyze the data collected. Findings show that the moderating role of Audit committee on ASSTAN, FAGE, and FSIZE positively but insignificantly affect the level of reporting lag of quoted Money Deposit Bank in Nigeria while ROA and FGRWT, positively and significantly affect the level of reporting lag of quoted Money Deposit Bank in Nigeria hence audit committee moderating firm attributes can impact on the level of reporting lag of Money Deposit Bank. The study recommends that firms should have an efficient audit committee to boost a strong internal control and accounting system and also abide by all the regulations, including accounting standards, so as to reduce auditors’ reporting lag","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826915","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 : 2023-09-12DOI: 10.56201/jafm.v9.no6.2023.pg115.125
JONAH Ngbomowa Moses, COURT Eunice Ralph, AARON Clinton Chika
The study sought to determine the relationship between inventory management and financial performance of listed industrial goods companies in Nigeria. The predictor variable proxies used include inventory turnover and inventory conversion period while the referents for the criterion variables used for the study were net profit margin and return on assets. The study adopted the use of an ex-post facto research design. Secondary data were used in the study, which was collected from ten listed industrial goods companies in Nigeria for the 2018 to 2020 financial year. The statistical tools used for the study were descriptive statistics, regression analysis and Pearson’s product-moment correlation coefficient. The result of the finding shows that there is a significant positive relation between inventory turnover, inventory conversion period and net profit margin as well as return on assets of listed industrial goods companies in Nigeria. The study, therefore, concluded a significant relationship between inventory management and financial performance of listed industrial goods companies in Nigeria. The study recommended that the management of listed industrial goods companies should monitor inventory to ensure that optimum levels are maintained at all times to improve performance.
{"title":"Inventory Management and Financial Performance of Listed Industrial Goods Companies in Nigeria","authors":"JONAH Ngbomowa Moses, COURT Eunice Ralph, AARON Clinton Chika","doi":"10.56201/jafm.v9.no6.2023.pg115.125","DOIUrl":"https://doi.org/10.56201/jafm.v9.no6.2023.pg115.125","url":null,"abstract":"The study sought to determine the relationship between inventory management and financial performance of listed industrial goods companies in Nigeria. The predictor variable proxies used include inventory turnover and inventory conversion period while the referents for the criterion variables used for the study were net profit margin and return on assets. The study adopted the use of an ex-post facto research design. Secondary data were used in the study, which was collected from ten listed industrial goods companies in Nigeria for the 2018 to 2020 financial year. The statistical tools used for the study were descriptive statistics, regression analysis and Pearson’s product-moment correlation coefficient. The result of the finding shows that there is a significant positive relation between inventory turnover, inventory conversion period and net profit margin as well as return on assets of listed industrial goods companies in Nigeria. The study, therefore, concluded a significant relationship between inventory management and financial performance of listed industrial goods companies in Nigeria. The study recommended that the management of listed industrial goods companies should monitor inventory to ensure that optimum levels are maintained at all times to improve performance.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826911","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 : 2023-09-12DOI: 10.56201/jafm.v9.no4.2023.pg58.68
E.I. Ogbada, Afams Val Onyedika, M. N. Modebelu
The fourth industrial revolution of the developing nations seem to be anchored on digitalization of processes, hence the need to ensure effective methods of collecting government revenue to ensure maximum provision of goods and services for the citizenry. This study examined the imperativeness of digitalization in tax administration in Nigeria. The study employed quantitative research method and ex-post facto research design. The study covered a period from 2010 to 2021 which sums up to twelve years. Data on the independent variable, being digitalization (proxy by ICT) was sourced from secondary materials and was analysed with linear regression linking it to the dependent variable (proxy by tax revenue and tax evasion). The result of the analysis reveals the adjusted R square as -0.028 and a computed p-value of 0.406 which indicates that ICT has no significant low adverse effect on tax revenue in Nigeria. It also reveals the adjusted R square of 0.38 and the computed pvalue of 0.061 in respect of the second hypothesis which indicates that ICT has no significant low positive effect on the level of tax evasion in Nigeria. It is therefore concluded that digital economy does not have a significant effect on tax administration in Nigeria. It is recommended from the study that laws and processes be set in place to ensure that the tax authorities across all levels in the state are not left behind in the transition to the digital economy.
{"title":"Digitalization and Effective Tax Administration in Nigeria","authors":"E.I. Ogbada, Afams Val Onyedika, M. N. Modebelu","doi":"10.56201/jafm.v9.no4.2023.pg58.68","DOIUrl":"https://doi.org/10.56201/jafm.v9.no4.2023.pg58.68","url":null,"abstract":"The fourth industrial revolution of the developing nations seem to be anchored on digitalization of processes, hence the need to ensure effective methods of collecting government revenue to ensure maximum provision of goods and services for the citizenry. This study examined the imperativeness of digitalization in tax administration in Nigeria. The study employed quantitative research method and ex-post facto research design. The study covered a period from 2010 to 2021 which sums up to twelve years. Data on the independent variable, being digitalization (proxy by ICT) was sourced from secondary materials and was analysed with linear regression linking it to the dependent variable (proxy by tax revenue and tax evasion). The result of the analysis reveals the adjusted R square as -0.028 and a computed p-value of 0.406 which indicates that ICT has no significant low adverse effect on tax revenue in Nigeria. It also reveals the adjusted R square of 0.38 and the computed pvalue of 0.061 in respect of the second hypothesis which indicates that ICT has no significant low positive effect on the level of tax evasion in Nigeria. It is therefore concluded that digital economy does not have a significant effect on tax administration in Nigeria. It is recommended from the study that laws and processes be set in place to ensure that the tax authorities across all levels in the state are not left behind in the transition to the digital economy.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135877970","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}
The purpose of this paper is to identifying the impact of Cloud Computing on the Elements of the Accounting and auditing Information System represented by: Establishment "Accounting Entity and internal controls.", Financial Operations, Documents, Accounting Books, Financial Reporting, Users, Procedures, Software, Physical Devices. Cloud technology-based auditing and accounting is one of the most promising and anticipated technologies in recent years. The technology is not a new concept for most of the sectors and with proper planning could increase operational efficiency. Integration of accounting and auditing informa Change in platform from in-house to cloud solution cannot change the role of the accounting information systems as a base for providing the financial information for decision-making to internal and external users, and therefore auditors will need to assess the risks associated with cloud accounting and they must gain knowledge of the new environment. Cloud technology-based auditing and accounting brought changes to auditing procedures but Security has been always raised as one of the most critical issues of cloud computing where resolving such an issue would result in constant growth in the use and popularity of the cloud. Security requirements represent a major issue that has to be met in order of easing some of these obstacles (Alam, 2020). As the focus is on information governance, IT management, network, data, contingency and encryption controls, auditors should have the appropriate knowledge of these areas and (as cloud technology-based auditing and accounting services depends on web services). Cloud accounting software enables its users a real time access to business finances, easy set up and easy use, access to information from anywhere, work with sales force, to synchronize instantly with bank, make tax returns precise and effortless. Cloud technology-based auditing and accounting offers a short implementation time and
{"title":"Cloud Technology-Based Auditing and Accounting Services: General Outlook, Conditions, Issues and Review of Nigerian Accounting System","authors":"Alani Olusegun EFUNTADE, Olubunmi Omotayo EFUNTADE","doi":"10.56201/jafm.v9.no4.2023.pg1.21","DOIUrl":"https://doi.org/10.56201/jafm.v9.no4.2023.pg1.21","url":null,"abstract":"The purpose of this paper is to identifying the impact of Cloud Computing on the Elements of the Accounting and auditing Information System represented by: Establishment \"Accounting Entity and internal controls.\", Financial Operations, Documents, Accounting Books, Financial Reporting, Users, Procedures, Software, Physical Devices. Cloud technology-based auditing and accounting is one of the most promising and anticipated technologies in recent years. The technology is not a new concept for most of the sectors and with proper planning could increase operational efficiency. Integration of accounting and auditing informa Change in platform from in-house to cloud solution cannot change the role of the accounting information systems as a base for providing the financial information for decision-making to internal and external users, and therefore auditors will need to assess the risks associated with cloud accounting and they must gain knowledge of the new environment. Cloud technology-based auditing and accounting brought changes to auditing procedures but Security has been always raised as one of the most critical issues of cloud computing where resolving such an issue would result in constant growth in the use and popularity of the cloud. Security requirements represent a major issue that has to be met in order of easing some of these obstacles (Alam, 2020). As the focus is on information governance, IT management, network, data, contingency and encryption controls, auditors should have the appropriate knowledge of these areas and (as cloud technology-based auditing and accounting services depends on web services). Cloud accounting software enables its users a real time access to business finances, easy set up and easy use, access to information from anywhere, work with sales force, to synchronize instantly with bank, make tax returns precise and effortless. Cloud technology-based auditing and accounting offers a short implementation time and","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135877969","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 : 2023-09-12DOI: 10.56201/jafm.v9.no4.2023.pg34.57
Khalid Hamad Alturki
The primary subject matter of this research is to examine the effect of audit ethics on auditors’ ability to detect suspicious practices of creative accounting in the context of a developing country, Saudi Arabia. The specific objective is to investigates the effect of auditor's independence, credibility, integrity, and professionalism on auditors' ability to detect the suspicious practices of creative accounting. Descriptive Statistics are used to present quantitative descriptions in a manageable form. The collected data were analyzed with descriptive statistics using SPSS and ordinary least square (OLS) regression. The result revealed that the auditors' ability to detect the practices of creative accounting is affected by the different elements of the audit ethics. In specific, the study finds that auditors' independence, credibility, integrity, and professionalism positively affect the auditor’s ability to detect practices of creative accounting. All elements of audit ethics affect, in different strengths, auditors' ability to detect practices of creative accounting in Saudi Arabia. This study concludes that auditors' ability to detect the practices of creative accounting is affected by the entire group of audit ethics in the context of Saudi Arabia.
{"title":"Creative Accounting Versus Auditors’ Ethics: The Case Of Saudi Arabia","authors":"Khalid Hamad Alturki","doi":"10.56201/jafm.v9.no4.2023.pg34.57","DOIUrl":"https://doi.org/10.56201/jafm.v9.no4.2023.pg34.57","url":null,"abstract":"The primary subject matter of this research is to examine the effect of audit ethics on auditors’ ability to detect suspicious practices of creative accounting in the context of a developing country, Saudi Arabia. The specific objective is to investigates the effect of auditor's independence, credibility, integrity, and professionalism on auditors' ability to detect the suspicious practices of creative accounting. Descriptive Statistics are used to present quantitative descriptions in a manageable form. The collected data were analyzed with descriptive statistics using SPSS and ordinary least square (OLS) regression. The result revealed that the auditors' ability to detect the practices of creative accounting is affected by the different elements of the audit ethics. In specific, the study finds that auditors' independence, credibility, integrity, and professionalism positively affect the auditor’s ability to detect practices of creative accounting. All elements of audit ethics affect, in different strengths, auditors' ability to detect practices of creative accounting in Saudi Arabia. This study concludes that auditors' ability to detect the practices of creative accounting is affected by the entire group of audit ethics in the context of Saudi Arabia.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135877988","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 : 2023-09-12DOI: 10.56201/jafm.v9.no4.2023.pg84.100
Ihenyen Joel Confidence, Ayodeji Temitope Olusayo, Benson Tariere Naomi Jonny
The goal of this research is to find out how Bayelsa State's SMEs are affected by the state's numerous taxes. There are numerous taxes, levies, and charges that make up the bulk of the cost. An investigation into the impact of different taxes on small business investment is the subject of this study. A survey with a sample of 100 small and medium-sized businesses served as the basis for this investigation. A questionnaire was used to gather information. The data was analysed using simple percentages and frequencies, and the study hypotheses were tested using ANOVA. According to the study, an SME's investments are harmed by various taxes. Furthermore, there is a strong link between the amount of investment made by small businesses and their ability to pay taxes. When imposing taxes on small and medium-sized enterprises (SMEs), the government should consider increasing their capital allowances. When designing tax policies, the government should consider the size of businesses in Bayelsa State, as well as provide uniform tax rules.
{"title":"Effect of Multiple Taxation on Performance of SMEs in Bayelsa State, Nigeria","authors":"Ihenyen Joel Confidence, Ayodeji Temitope Olusayo, Benson Tariere Naomi Jonny","doi":"10.56201/jafm.v9.no4.2023.pg84.100","DOIUrl":"https://doi.org/10.56201/jafm.v9.no4.2023.pg84.100","url":null,"abstract":"The goal of this research is to find out how Bayelsa State's SMEs are affected by the state's numerous taxes. There are numerous taxes, levies, and charges that make up the bulk of the cost. An investigation into the impact of different taxes on small business investment is the subject of this study. A survey with a sample of 100 small and medium-sized businesses served as the basis for this investigation. A questionnaire was used to gather information. The data was analysed using simple percentages and frequencies, and the study hypotheses were tested using ANOVA. According to the study, an SME's investments are harmed by various taxes. Furthermore, there is a strong link between the amount of investment made by small businesses and their ability to pay taxes. When imposing taxes on small and medium-sized enterprises (SMEs), the government should consider increasing their capital allowances. When designing tax policies, the government should consider the size of businesses in Bayelsa State, as well as provide uniform tax rules.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826427","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 : 2023-09-12DOI: 10.56201/jafm.v9.no6.2023.pg126.146
Elvis-Wokekoro Lois
This study evaluated the effect of lease financing on financial performance of listed construction and real estate companies in Nigeria. Lease financing was proxied by financial lease and operating lease while financial performance was proxied by net profit margin and return on equity. The population of the study consists of six listed construction/real estate companies in Nigeria. The entire population was used as sample size using the census approach. The study employed ex-post facto research design. Secondary data were collected from audited annual financial report of listed construction/real estate companies in Nigeria from 2011-2020. The study adopt the use of descriptive statistics for univariate analysis while hypotheses formulated were tested using multiple regression with the aid of stata 12 statistical software. The findings show that operating lease has a positive and insignificant effect on both net profit margin and return on equity. Also there is a positive and significant effect of financial lease on financial performance. The study concluded that lease financing has a significant effect on financial performance of listed construction and real estate companies on Nigerian Exchange Group. The study recommends amongst others that listed construction and real estate companies should reduce the proportion of operating lease finance in their operations as evidence suggests it negatively affect financial performance (net profit margin). Also, policy makers should increase tax shield for leasing products so as to encourage firms to make use of leasing financing rather than have high credits.
{"title":"Lease Financing and Financial Performance of Listed Construction and Real Estate Companies in Nigeria","authors":"Elvis-Wokekoro Lois","doi":"10.56201/jafm.v9.no6.2023.pg126.146","DOIUrl":"https://doi.org/10.56201/jafm.v9.no6.2023.pg126.146","url":null,"abstract":"This study evaluated the effect of lease financing on financial performance of listed construction and real estate companies in Nigeria. Lease financing was proxied by financial lease and operating lease while financial performance was proxied by net profit margin and return on equity. The population of the study consists of six listed construction/real estate companies in Nigeria. The entire population was used as sample size using the census approach. The study employed ex-post facto research design. Secondary data were collected from audited annual financial report of listed construction/real estate companies in Nigeria from 2011-2020. The study adopt the use of descriptive statistics for univariate analysis while hypotheses formulated were tested using multiple regression with the aid of stata 12 statistical software. The findings show that operating lease has a positive and insignificant effect on both net profit margin and return on equity. Also there is a positive and significant effect of financial lease on financial performance. The study concluded that lease financing has a significant effect on financial performance of listed construction and real estate companies on Nigerian Exchange Group. The study recommends amongst others that listed construction and real estate companies should reduce the proportion of operating lease finance in their operations as evidence suggests it negatively affect financial performance (net profit margin). Also, policy makers should increase tax shield for leasing products so as to encourage firms to make use of leasing financing rather than have high credits.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826916","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 : 2023-09-12DOI: 10.56201/jafm.v9.no6.2023.pg52.64
Ogirik Tonye, Roseline Igoniderigha
This research looked at how non-audit services affected the partnership between auditors and Nigerian deposit money institutions. Descriptive survey methodology was used for this investigation. The study was directed by two research aims. All 24 of Nigeria's deposit money banks make up the populace. The population was sampled using a systematic sampling method, and the sample size was 36 managers (three from each of 12 banks). The researcher used a questionnaire she designed to gather the data. “Pearson's product-moment correlation (PPMC) was used to verify or refute the hypotheses and investigate the study issues. The research showed that the auditor independence of listed deposit money banks in Nigeria is positively correlated with the provision of non-audit services” (indicated by taxation and management advice services). Non-audit services and auditor independence were also shown to have a substantial correlation with the aforementioned Nigerian deposit money institutions, the research found. Auditors at Nigerian deposit money institutions were urged, among other things, to reduce the number of non-audit services they provide to customers in order to focus more on auditing.
{"title":"Effect of Non–Audit Services on Auditor Independence of Deposit Money Banks in Nigeria","authors":"Ogirik Tonye, Roseline Igoniderigha","doi":"10.56201/jafm.v9.no6.2023.pg52.64","DOIUrl":"https://doi.org/10.56201/jafm.v9.no6.2023.pg52.64","url":null,"abstract":"This research looked at how non-audit services affected the partnership between auditors and Nigerian deposit money institutions. Descriptive survey methodology was used for this investigation. The study was directed by two research aims. All 24 of Nigeria's deposit money banks make up the populace. The population was sampled using a systematic sampling method, and the sample size was 36 managers (three from each of 12 banks). The researcher used a questionnaire she designed to gather the data. “Pearson's product-moment correlation (PPMC) was used to verify or refute the hypotheses and investigate the study issues. The research showed that the auditor independence of listed deposit money banks in Nigeria is positively correlated with the provision of non-audit services” (indicated by taxation and management advice services). Non-audit services and auditor independence were also shown to have a substantial correlation with the aforementioned Nigerian deposit money institutions, the research found. Auditors at Nigerian deposit money institutions were urged, among other things, to reduce the number of non-audit services they provide to customers in order to focus more on auditing.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135878556","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 : 2023-09-12DOI: 10.56201/jafm.v9.no6.2023.pg19.37
Mofoluwaso Iyabode OJEDELE
The study examined the relationship between Computerized Accounting System (CAS) and payroll accounting in public institutions in Osun State. The study gathered data through the use of questionnaire: The data collected from the questionnaires were analyzed using basic mean calculations and one-way analysis of variance (ANOVA). A positive relationship was found between CAS and payroll accounting in public institutions. Overall, the findings suggest that the adoption of computerized accounting systems in public institutions in Osun State has positive effects on payroll accounting, including improved decision-making processes, enhanced performance, efficient record-keeping, and strengthened control systems and accountability. Regular rotation of accounting staff across different sections is recommended by the study in order to minimize the temptation for individuals to commit fraud using their specialized knowledge and experience in a specific section. And also to keep up with advancements in information technology, management should continually update their knowledge and skills in transmitting payroll information efficiently and accurately between departments, adopting new technologies as they emerge.
{"title":"Computerized Accounting Systems and Payroll Accounting","authors":"Mofoluwaso Iyabode OJEDELE","doi":"10.56201/jafm.v9.no6.2023.pg19.37","DOIUrl":"https://doi.org/10.56201/jafm.v9.no6.2023.pg19.37","url":null,"abstract":"The study examined the relationship between Computerized Accounting System (CAS) and payroll accounting in public institutions in Osun State. The study gathered data through the use of questionnaire: The data collected from the questionnaires were analyzed using basic mean calculations and one-way analysis of variance (ANOVA). A positive relationship was found between CAS and payroll accounting in public institutions. Overall, the findings suggest that the adoption of computerized accounting systems in public institutions in Osun State has positive effects on payroll accounting, including improved decision-making processes, enhanced performance, efficient record-keeping, and strengthened control systems and accountability. Regular rotation of accounting staff across different sections is recommended by the study in order to minimize the temptation for individuals to commit fraud using their specialized knowledge and experience in a specific section. And also to keep up with advancements in information technology, management should continually update their knowledge and skills in transmitting payroll information efficiently and accurately between departments, adopting new technologies as they emerge.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826750","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}
The extent to which Information and communication technology (ICT) has been effectively utilized in the management of public funds remains a subject of inquiry and exploration. This study sought to explore the influence of ICT on the management of public funds in public institutions located in Ekiti State, Nigeria. Specifically, the study examined the effects of data collection management (DCM), information security management (ISM), and digital communication infrastructure (DCI) on public funds management. To gather the necessary data, a survey research design was employed, and primary data was collected. The target respondents included government officials, financial officers, ICT professionals, and civil society representatives. To ensure the inclusion of individuals with expertise and knowledge in the subject matter, a purposive sampling technique was utilized to distribute questionnaires. A total of 425 questionnaires were distributed to various public institutions, resulting in 358 completed responses. The research instrument's reliability was assessed using the Cronbach Alpha test, which yielded an average score of 80%. Descriptive statistics and regression analysis were employed to analyze the collected data. The findings of the study revealed a significant positive effect between data collection management, information security management, and digital communication infrastructure with public funds management in public institutions. Consequently, the study concluded that ICT plays a vital role in enhancing the management of public funds in Ekiti State, Nigeria. Effective practices in data collection management, information security management, and digital communication infrastructure were found to positively influence public funds management. As a recommendation, the study suggests that public institutions in Ekiti State prioritize the enhancement of their data collection management practices to improve their fund management processes.
{"title":"Examination of the Effect of Information and Communication Technology (ICT) on Public Fund Management of Ekiti State, Nigeria","authors":"AWOTOMILUSI Niyi Solomon, OKE Oluwagbemi Emmanuel, DAGUNDURO Muyiwa Emmanuel","doi":"10.56201/jafm.v9.no7.2023.pg80.96","DOIUrl":"https://doi.org/10.56201/jafm.v9.no7.2023.pg80.96","url":null,"abstract":"The extent to which Information and communication technology (ICT) has been effectively utilized in the management of public funds remains a subject of inquiry and exploration. This study sought to explore the influence of ICT on the management of public funds in public institutions located in Ekiti State, Nigeria. Specifically, the study examined the effects of data collection management (DCM), information security management (ISM), and digital communication infrastructure (DCI) on public funds management. To gather the necessary data, a survey research design was employed, and primary data was collected. The target respondents included government officials, financial officers, ICT professionals, and civil society representatives. To ensure the inclusion of individuals with expertise and knowledge in the subject matter, a purposive sampling technique was utilized to distribute questionnaires. A total of 425 questionnaires were distributed to various public institutions, resulting in 358 completed responses. The research instrument's reliability was assessed using the Cronbach Alpha test, which yielded an average score of 80%. Descriptive statistics and regression analysis were employed to analyze the collected data. The findings of the study revealed a significant positive effect between data collection management, information security management, and digital communication infrastructure with public funds management in public institutions. Consequently, the study concluded that ICT plays a vital role in enhancing the management of public funds in Ekiti State, Nigeria. Effective practices in data collection management, information security management, and digital communication infrastructure were found to positively influence public funds management. As a recommendation, the study suggests that public institutions in Ekiti State prioritize the enhancement of their data collection management practices to improve their fund management processes.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136107486","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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