Sunny B . Beredugo - Academia.edu (original) (raw)
Papers by Sunny B . Beredugo
International Journal of E-Government & E-Business Research, 2024
Aim of the Study: The study is dedicated to addressing two critical questions: Can cyber security... more Aim of the Study: The study is dedicated to addressing two critical
questions: Can cyber security audits effectively reduce cybercrimes in
Nigeria? And, is the use of cyber security tools to mitigate cyberattacks
by the financial sector significantly different from that of the
non-financial sectors in Nigeria?
Design/Methodology: The survey design was used to collect
information from 125 respondents, cutting across the regional
headquarters of 32 selected companies in the South-West and the
North-West regions in Nigeria as a means to explore the aim of the
study through ordinary least square and independent t-tests analysis.
Findings: The results show that cyber security audit can assist in
averting cybercrime. The result also indicated that there is no
significant difference in the cyber security tools used, between the
financial and non-financial sectors in mitigating cyber-attacks in
Nigeria.
Practical implications: The study demonstrates that integrating cyber
security audits into companies' practices can significantly reduce
vulnerability to cyber-attacks. By incorporating cyber security tools
into audit plans and regularly evaluating their operational effectiveness,
Nigerian firms can fortify their defences against potential threats.
Originality/value: The study delved into whether the use of cyber
security tools in curbing cyber-attacks in the financial sector differs
significantly from that in the non-financial sectors in Nigeria. The
research conclusively demonstrated that organisations armed with
robust cyber security audit architecture can effectively repel all cyber
threats and attacks.
This study examined the effect of external audit characteristics and value relevance of listed fi... more This study examined the effect of external audit characteristics and value relevance of listed firms in Nigeria. The study focused on the effect of external audit objectivity, external audit efficiency, external audit timeliness, and external audit competence on the value relevance proxied by the earnings response coefficient of listed firms in Nigeria. The study adopted the ex-post facto research design, and sixteen listed companies on the Nigerian Exchange Group were selected, for a period of ten years (2013-2022). The data for the study were analysed using the panel regression technique. The results show that external audit objectivity and external audit timeliness significantly affect the earnings response coefficient of listed firms in Nigeria. It was also discovered that external audit efficiency and external audit competence, on the other hand, do not significantly affect earnings response coefficients in listed firms in Nigeria. Based on the findings, it is therefore recommended that audit firms and regulatory agencies should ensure that external audit objectivity is sustained, as this is critical to enhancing the value relevance of firms' financial reports.
International Journal of Physical and Social Sciences, 2012
The study examined the concept of Lean Accounting and its Applicability on Just-In-Time Transacti... more The study examined the concept of Lean Accounting and its Applicability on Just-In-Time Transactions in Niger Mills Plc. and Unicem Plc. Calabar, Cross River State, Nigeria. Specifically the study was to determine, whether the use of Lean Accounting and Just-In-Time Transactions, reduce cost and enhance productivity and profitability of companies. The survey research design was used, while questionnaires, for primary data collections. Secondary data comprising companies’ financial statements and literatures from previous contributors were equally employed. The Pearson Correlation Coefficient, Student t-test and the OLS were applied for data analysis. It was discovered that, Lean Accounting and Just-In-Time Transaction reduce cost of production and enhance productivity; though most companies in Cross Rivers State are yet to apply them. It was therefore recommended that companies should be encouraged to gear uptowards this world acclaimed accounting tools that reduce cost and enhance productivity and profitability.
International Journal of Research Publication and Reviews, Nov 17, 2022
This study hinges on the effect of borrowing cost (IAS 23) on the financial reporting quality of ... more This study hinges on the effect of borrowing cost (IAS 23) on the financial reporting quality of Small and Medium Scales Enterprises (SMEs) in South East Nigeria. This is because the measurement of borrowing cost in the financial reports of most SMEs operators in Nigeria is highly incomprehensible even after IFRS implementation in Nigeria. This unsatisfactory disposition reveals that SMEswith high-debt-ratio are prone to manipulate earningsin order to increase their reported earnings and avoid the debt covenant default which all togetherundermine the financial reporting quality of these firms.Most SMEs still subscribe to indiscriminate treatment of borrowing cost while the effect of borrowing cost on financial reporting quality is equally not known with certainty. To this end, the study evaluates the effect of borrowing cost on value relevance, faithful representation, comparability and understandability of the financial reporting of SMEs in South East Nigeria. To this end, primary data were elicited from 284 respondents. Hypotheses were tested using the Analysis of Variance and it was discovered that appropriate measurement of borrowing cost enhances the recognition of interest and other expenses incurred by an entity connected with borrowing cost. It also engenders the predictive and confirmatory value of the accounting numbers and helps SMEs to avoid all forms of misrepresentation and biasin their financial reports.
International Journal of Business and Management, 2013
The adjudication for International corporate governance disclosure framework, such as, the Intern... more The adjudication for International corporate governance disclosure framework, such as, the International Standard of Accounting and Reporting (ISAR), has assumed a state of relevance between local and international markets participants, to circumvent the encumbrances of incomparable corporate governance disclosures despite the integrations of commercial activities around the world. The study, therefore, examined the significance of international corporate governance disclosures on financial reporting in Nigeria. Content analysis design was adopted, while population t-test and multiple regressions were used for hypothetical tests. It was however discovered that, International Corporate Governance disclosures significantly affects companies' total assets and profitability, and that, Nigerian Banks report more than half the ISAR requirements, but was done indiscriminately. It is therefore recommended that, relevant codes of corporate governance in Nigeria be upgraded to reflect international specifications and the remiss of good governance be done away with, if we must achieve anti-corruption and investment drive. ISAR should be adopted and sanctions meted for non-compliance. Where this is done, organizations will have access to capital from international stock market and expansion of their business across boundaries. This will eventually breed economic viable Nigeria, free off corruption, and the actualization of the rebranding Nigeria ideology.
Journal of Accounting and Taxation
The study focused on taxpayers’ attitude and demographic analyses of SMEs operators in Rivers and... more The study focused on taxpayers’ attitude and demographic analyses of SMEs operators in Rivers and Akwa-Ibom States – Nigeria. It was motivated by the need for Nigerian tax authority to create a well-planned and comprehensive approach to enhance favourable tax attitude in order to deal with the problem of tax evasion; coupled with the lag in sufficient empirical works on tax payers’ attitudes in Nigeria.The objectives of the study were to examine the differential effect of gender, age differences, marital status and educational level on tax payers’ attitudes in Nigeria. Survey research design was adopted. The study was limited to SMEs operators in Rivers and Akwa-Ibom States. From a population of 28,585 SMEs operators, a sample size of 1150 was used. ANOVA was used to test the hypothesis. The findings show that: there is no significant difference on the effect of genders, age differences and marital status on tax payers’ attitudes in Nigeria. However, there is a significant differenc...
Journal of Accounting and Taxation
This study was interested in unraveling the efficacy of investors’ protection on earnings respons... more This study was interested in unraveling the efficacy of investors’ protection on earnings response in an IFRS environment. This is because investors still consider information on investors’ protection besides earnings in taking their decisions. Yet, this rare variable is usually treated with laxity in the firms’ annual reports. The study assessed the interactive effects between IFRS provisions and investors' protection on the Earnings Response Coefficient of listed companies in Nigerian. This study adopted historical-descriptive research design and content analysis research designs. This was conducted using forty six listed companies in Nigerian covering the period of 6 years (2013 to 2018). The data of the study was analyzed using the Partial Least Square. It was discovered that ERC improves with the moderating effect of strong investors’ protection in an IFRS environment. It is therefore recommended that firms listed in the Nigerian stock exchange should as a result of necessi...
Journal of Accounting and Taxation
This study examined the moderating effect of earnings persistence on the relationship between Int... more This study examined the moderating effect of earnings persistence on the relationship between International Financial Reporting Standards (IFRS) Implementation and Earnings Response Coefficient (ERC) of listed companies in Nigeria. This was done to evaluate the reason behind the poor utilization of capital market, especially equity market for funding of developmental project by both public and private sector entities. This study adopted historical-descriptive and content analysis research designs. This was conducted using forty six listed companies in Nigerian covering the period of 6 years (2013 to 2018). The data of the study was analyzed using the Partial Least Square. The results of the cross sectional effect model show that IFRS implementation brings about high quality information, but it is not sufficient enough to induce a change in the ERC. It was discovered that investors and speculators alike pay close attention to the degree to which current period earnings shocks persist...
Asian Journal of Economics, Business and Accounting
Aims: The study assessed the determinants of earnings response coefficient in the Nigerian Post-I... more Aims: The study assessed the determinants of earnings response coefficient in the Nigerian Post-IFRS implementation era. It critically looked at the impact of investors' protection, earnings persistency, and systematic risks on earnings response coefficients. Study design: The study adopted an ex-post facto research design. Methodology: A sample of 35 companies was drawn from the population of the listed companies in the Nigerian Stock Exchange between 2013 to 2020. Secondary data was used. The Generalized Least Square was used to test the hypotheses Results: The study shows that the earnings response coefficient improves with the influence of investors’ protection, systematic risk, and earning persistency. Although the influence from systematic risk brings about an inverse effect on ERC, it is a fundamental determinant nonetheless. It was recommended that firms should improve on their investors' protection and that their financial reports should be designed to improve the i...
International Journal of Trend in Scientific Research and Development, Mar 1, 2021
The quality of loan recovery in Nigerian deposit money banks is presently impaired with the incid... more The quality of loan recovery in Nigerian deposit money banks is presently impaired with the incidence of a large portfolio of non-performing loans. The position of the banks to also act as prime movers of economic development and to effectively manage their credit risk, has not been effective; the study therefore examined the potency of credit risk management in addressing loan delinquency or high non-performing loan of deposit money banks in Nigeria. In view of this, investigation was conducted on the effect of credit risk architecture on loan recovery. Primary data was used for the study and the ordinary least square was used for data analysis and it was concluded that effective credit risk architecture could enhance loan recovery of deposit money banks in Nigeria.
There has been considerable progress in holding companies accountable for their social responsibi... more There has been considerable progress in holding companies accountable for their social responsibility performance. However, progress on socio economic and environmental impact of their practices has been more limited thereby creating an atmosphere of unfavorable business conduct and sustainability exposures. The absent of internationally recognized standards of corporate social responsibility in Nigeria have further aggravated the issue. There have also been little to no report on corporate responsibility in relation to enterprises overall economic relevance to the economy, import dependency, corruption, labour standards and eco efficiency in Nigeria. To this end, the study examined the extent to which organizations' corporate social responsibility tackles sustainability exposure as required by the Global Reporting Initiative. Survey and content analysis designs were used. Data were collected from primary and secondary sources of six Nigerian companies. T test and ANOVA were als...
The paper addresses tax evasion and avoidance through effective tax audit and investigation in Cr... more The paper addresses tax evasion and avoidance through effective tax audit and investigation in Cross River State.The study adopts survey research design, while data were collated from staff of FIRS and SIRS in Cross River State. The Chi-square (x) statistical tool was employed to analyze respondents’ opinion on the effect of tax audit and investigation in addressing tax evasion and avoidance. The results revealed that, while there is a significant difference in the opinions of respondents on the effect of tax audit on tax evasion and avoidance in Cross River State; there was no significant difference in their perception on the effect of tax investigation on tax evasion and avoidance. Penalty also significantly affected tax evasion and avoidance.Identified also was that the thoroughness of the tax audit will encourage taxpayers to be more prudent in complying with tax returns and that the strengthening of tax audit and investigation will wipe away tax evasion and avoidance in Nigeria...
Journal of Economics and Sustainable Development, 2014
This study assessed environmental accounting and social responsibility on the earning capacity of... more This study assessed environmental accounting and social responsibility on the earning capacity of selected Nigerian manufacturing companies. The study highlighted some environmental relatedcosts incurred in preventing, reducing or repairing damages to the environment and social cost incurred to acknowledge organizations' responsiveness to the society at large. Emphasis was also carried out to ascertain the extent of compliance by Nigerian companies on environmental accounting and social responsibility with the International Standard of Accounting and Reporting disclosure (ISAR) requirements. Data were collected from three manufacturing firms in Nigeria through the administration of questionnaires and researchers' checklist. These data were tested using population t-test, ordinary least square and multivariate statistics and was revealed that there is a significant difference between the compliance level of Nigerian companies on environmental accounting and social responsibility disclosures and the ISAR requirements.Environmental cost proxy as: waste management cost, pollution abatement cost, and Fines & Penalty significantly affect companies' earning capacity. It was recommended that firmsshould be sensitive to their environmental activities, and account for all environmental related costand they should desist from environmental pollution and degradations.
The International Journal of Management Science and Business Administration, 2015
This study is about public accountability and tax culture in Nigeria. The article specifically ev... more This study is about public accountability and tax culture in Nigeria. The article specifically evaluates the extent to which government’s accountability, transparency and act in the interest of the public create a sustainable tax culture in Nigeria and whether clear definition of responsibility, adherence to reporting mechanism and strict system review and sanctions enhance Nigerian tax culture among others. Survey research design was used and information was gathered from 782 tax payers from Edo, Enugu and Bayelsa States. The study adopted Pearson Product Moment Correlation (PPMC), Ordinary Least Square (OLS) and Multivariate Analysis of Variance (MANOVA) for testing the hypotheses. It was discovered that government’s accountability, transparency and act in the interest of the public create a sustainable tax culture in Nigeria; and clear definition of responsibility, adherence to reporting mechanism, and strict system review and sanctions enhance Nigerian tax culture, while unaccou...
International Journal of Public Sector Performance Management, 2012
General purpose financial reports (GPFRs) of public sector entities are developed primarily to re... more General purpose financial reports (GPFRs) of public sector entities are developed primarily to respond to the information needs of service recipients, resource providers, and their representatives, who do not possess the authority to require a public sector entity to disclose the information they need for accountability and decision-making purposes. GPFRs can report information about the past, present and future that is useful to users-including financial and non-financial, quantitative and qualitative information about: a the achievement of financial and service delivery objectives in the current reporting period b anticipated future service delivery activities and resource needs. The IPSASB is currently exploring how service performance information can assist users in assessing how efficiently and effectively public sector entities are using resources to provide services and achieve their objectives.
Journal of Accounting and Taxation
Novel accounting technology such as cloud accounting information system has taken the Centre stag... more Novel accounting technology such as cloud accounting information system has taken the Centre stage in its presumed capacity to provide relevance online accounting and auditing solutions that are accessible from anywhere through the cloud service providers. It is no doubt that keeping pace with this accounting technology has comes with apprehension from target audiences, that have created apathy in the deployment of cloud accounting by some companies in Nigerian, due to some speculative drawbacks such as high security breaches, high cost of IT services, risk of unauthorized access and viruses among others. It is in this light, that the study firstly examined the essentialities of cloud accounting information system on the operational efficiency of firms in Nigeria and secondly evaluated if there are significant differences in the perception of respondents in deployment of cloud accounting on corporate exigencies in Nigeria. The survey research design was adopted to collect data from ...
Novel accounting technology such as cloud accounting information system has taken the Centre stag... more Novel accounting technology such as cloud accounting information system has taken the Centre stage in its presumed capacity to provide relevance online accounting and auditing solutions that are accessible from anywhere through the cloud service providers. It is no doubt that keeping pace with this accounting technology has comes with apprehension from target audiences, that have created apathy in the deployment of cloud accounting by some companies in Nigerian, due to some speculative drawbacks such as high security breaches, high cost of IT services, risk of unauthorized access and viruses among others. It is in this light, that the study firstly examined the essentialities of cloud accounting information system on the operational efficiency of firms in Nigeria and secondly evaluated if there are significant differences in the perception of respondents in deployment of cloud accounting on corporate exigencies in Nigeria. The survey research design was adopted to collect data from 385 respondents in 32 companies cutting across four sectors in Nigeria. The Chi-square and Analysis of Variance were used for the test of hypotheses and it was discovered that cloud accounting significantly enhances the operational efficiency of firms in Nigeria, while there were no significant difference in the perception of respondents in deployment of cloud accounting leading to increase in the risk of unauthorized access, weak or no access control and high cost of IT services etc. In all, the benefits of the deployment of cloud accounting outweighs the exposures and it was recommended among others that organizations should endeavour to implement substantial security measures to protect IT infrastructure through effective internal control architecture.
Every successful government is expected to balance the budget and eliminate all forms of wasteful... more Every successful government is expected to balance the budget and eliminate all forms of wasteful government spending which fiscal responsibility stands for. It is quite worrisome that the different arms of government have not taken the issues of fiscal responsibility seriously. They often fail to translate the macroeconomic goals and sector priorities to conform to budget programmes. The study therefore examines the extent to which fiscal irresponsibility engenders, increased debt profile, mismanagement of fund, poor discipline, budget padding, inadequate monitoring and review of budgetary processes in Nigeria, and to also assess if an effective fiscal responsibility framework could strengthened government's accountability, budget transparency, budget implementation and budget credibility in the Nigerian public sector. To this end, the study used a sample size of 223 staff members of the Ministries of Finance in Cross River,
This research work focused on the relationship between creative accounting and financial statemen... more This research work focused on the relationship between creative accounting and financial statement quality of quoted banks in Nigerian. Income smoothing and off statement of financial position financing were used as dimensions of creative accounting while relevance, and faithful representation were used to measure the quality financial statement. The study applied ex-post facto research design. Two research questions were raised for the study and two hypotheses were formulated. Questionnaire design was the instrument used for data collection. The statistical package for social science (SPSS) was used to test the hypotheses. The result showed that there is positive and correlative relationship between creative accounting and financial statement quality of quoted banks in Nigerian. The study therefore, among others, recommended that there should be one set of global financial reporting standard by all operators of financial statements which must be effectively monitored. More emphasis should be laid in the review of the standard.
International Journal of E-Government & E-Business Research, 2024
Aim of the Study: The study is dedicated to addressing two critical questions: Can cyber security... more Aim of the Study: The study is dedicated to addressing two critical
questions: Can cyber security audits effectively reduce cybercrimes in
Nigeria? And, is the use of cyber security tools to mitigate cyberattacks
by the financial sector significantly different from that of the
non-financial sectors in Nigeria?
Design/Methodology: The survey design was used to collect
information from 125 respondents, cutting across the regional
headquarters of 32 selected companies in the South-West and the
North-West regions in Nigeria as a means to explore the aim of the
study through ordinary least square and independent t-tests analysis.
Findings: The results show that cyber security audit can assist in
averting cybercrime. The result also indicated that there is no
significant difference in the cyber security tools used, between the
financial and non-financial sectors in mitigating cyber-attacks in
Nigeria.
Practical implications: The study demonstrates that integrating cyber
security audits into companies' practices can significantly reduce
vulnerability to cyber-attacks. By incorporating cyber security tools
into audit plans and regularly evaluating their operational effectiveness,
Nigerian firms can fortify their defences against potential threats.
Originality/value: The study delved into whether the use of cyber
security tools in curbing cyber-attacks in the financial sector differs
significantly from that in the non-financial sectors in Nigeria. The
research conclusively demonstrated that organisations armed with
robust cyber security audit architecture can effectively repel all cyber
threats and attacks.
This study examined the effect of external audit characteristics and value relevance of listed fi... more This study examined the effect of external audit characteristics and value relevance of listed firms in Nigeria. The study focused on the effect of external audit objectivity, external audit efficiency, external audit timeliness, and external audit competence on the value relevance proxied by the earnings response coefficient of listed firms in Nigeria. The study adopted the ex-post facto research design, and sixteen listed companies on the Nigerian Exchange Group were selected, for a period of ten years (2013-2022). The data for the study were analysed using the panel regression technique. The results show that external audit objectivity and external audit timeliness significantly affect the earnings response coefficient of listed firms in Nigeria. It was also discovered that external audit efficiency and external audit competence, on the other hand, do not significantly affect earnings response coefficients in listed firms in Nigeria. Based on the findings, it is therefore recommended that audit firms and regulatory agencies should ensure that external audit objectivity is sustained, as this is critical to enhancing the value relevance of firms' financial reports.
International Journal of Physical and Social Sciences, 2012
The study examined the concept of Lean Accounting and its Applicability on Just-In-Time Transacti... more The study examined the concept of Lean Accounting and its Applicability on Just-In-Time Transactions in Niger Mills Plc. and Unicem Plc. Calabar, Cross River State, Nigeria. Specifically the study was to determine, whether the use of Lean Accounting and Just-In-Time Transactions, reduce cost and enhance productivity and profitability of companies. The survey research design was used, while questionnaires, for primary data collections. Secondary data comprising companies’ financial statements and literatures from previous contributors were equally employed. The Pearson Correlation Coefficient, Student t-test and the OLS were applied for data analysis. It was discovered that, Lean Accounting and Just-In-Time Transaction reduce cost of production and enhance productivity; though most companies in Cross Rivers State are yet to apply them. It was therefore recommended that companies should be encouraged to gear uptowards this world acclaimed accounting tools that reduce cost and enhance productivity and profitability.
International Journal of Research Publication and Reviews, Nov 17, 2022
This study hinges on the effect of borrowing cost (IAS 23) on the financial reporting quality of ... more This study hinges on the effect of borrowing cost (IAS 23) on the financial reporting quality of Small and Medium Scales Enterprises (SMEs) in South East Nigeria. This is because the measurement of borrowing cost in the financial reports of most SMEs operators in Nigeria is highly incomprehensible even after IFRS implementation in Nigeria. This unsatisfactory disposition reveals that SMEswith high-debt-ratio are prone to manipulate earningsin order to increase their reported earnings and avoid the debt covenant default which all togetherundermine the financial reporting quality of these firms.Most SMEs still subscribe to indiscriminate treatment of borrowing cost while the effect of borrowing cost on financial reporting quality is equally not known with certainty. To this end, the study evaluates the effect of borrowing cost on value relevance, faithful representation, comparability and understandability of the financial reporting of SMEs in South East Nigeria. To this end, primary data were elicited from 284 respondents. Hypotheses were tested using the Analysis of Variance and it was discovered that appropriate measurement of borrowing cost enhances the recognition of interest and other expenses incurred by an entity connected with borrowing cost. It also engenders the predictive and confirmatory value of the accounting numbers and helps SMEs to avoid all forms of misrepresentation and biasin their financial reports.
International Journal of Business and Management, 2013
The adjudication for International corporate governance disclosure framework, such as, the Intern... more The adjudication for International corporate governance disclosure framework, such as, the International Standard of Accounting and Reporting (ISAR), has assumed a state of relevance between local and international markets participants, to circumvent the encumbrances of incomparable corporate governance disclosures despite the integrations of commercial activities around the world. The study, therefore, examined the significance of international corporate governance disclosures on financial reporting in Nigeria. Content analysis design was adopted, while population t-test and multiple regressions were used for hypothetical tests. It was however discovered that, International Corporate Governance disclosures significantly affects companies' total assets and profitability, and that, Nigerian Banks report more than half the ISAR requirements, but was done indiscriminately. It is therefore recommended that, relevant codes of corporate governance in Nigeria be upgraded to reflect international specifications and the remiss of good governance be done away with, if we must achieve anti-corruption and investment drive. ISAR should be adopted and sanctions meted for non-compliance. Where this is done, organizations will have access to capital from international stock market and expansion of their business across boundaries. This will eventually breed economic viable Nigeria, free off corruption, and the actualization of the rebranding Nigeria ideology.
Journal of Accounting and Taxation
The study focused on taxpayers’ attitude and demographic analyses of SMEs operators in Rivers and... more The study focused on taxpayers’ attitude and demographic analyses of SMEs operators in Rivers and Akwa-Ibom States – Nigeria. It was motivated by the need for Nigerian tax authority to create a well-planned and comprehensive approach to enhance favourable tax attitude in order to deal with the problem of tax evasion; coupled with the lag in sufficient empirical works on tax payers’ attitudes in Nigeria.The objectives of the study were to examine the differential effect of gender, age differences, marital status and educational level on tax payers’ attitudes in Nigeria. Survey research design was adopted. The study was limited to SMEs operators in Rivers and Akwa-Ibom States. From a population of 28,585 SMEs operators, a sample size of 1150 was used. ANOVA was used to test the hypothesis. The findings show that: there is no significant difference on the effect of genders, age differences and marital status on tax payers’ attitudes in Nigeria. However, there is a significant differenc...
Journal of Accounting and Taxation
This study was interested in unraveling the efficacy of investors’ protection on earnings respons... more This study was interested in unraveling the efficacy of investors’ protection on earnings response in an IFRS environment. This is because investors still consider information on investors’ protection besides earnings in taking their decisions. Yet, this rare variable is usually treated with laxity in the firms’ annual reports. The study assessed the interactive effects between IFRS provisions and investors' protection on the Earnings Response Coefficient of listed companies in Nigerian. This study adopted historical-descriptive research design and content analysis research designs. This was conducted using forty six listed companies in Nigerian covering the period of 6 years (2013 to 2018). The data of the study was analyzed using the Partial Least Square. It was discovered that ERC improves with the moderating effect of strong investors’ protection in an IFRS environment. It is therefore recommended that firms listed in the Nigerian stock exchange should as a result of necessi...
Journal of Accounting and Taxation
This study examined the moderating effect of earnings persistence on the relationship between Int... more This study examined the moderating effect of earnings persistence on the relationship between International Financial Reporting Standards (IFRS) Implementation and Earnings Response Coefficient (ERC) of listed companies in Nigeria. This was done to evaluate the reason behind the poor utilization of capital market, especially equity market for funding of developmental project by both public and private sector entities. This study adopted historical-descriptive and content analysis research designs. This was conducted using forty six listed companies in Nigerian covering the period of 6 years (2013 to 2018). The data of the study was analyzed using the Partial Least Square. The results of the cross sectional effect model show that IFRS implementation brings about high quality information, but it is not sufficient enough to induce a change in the ERC. It was discovered that investors and speculators alike pay close attention to the degree to which current period earnings shocks persist...
Asian Journal of Economics, Business and Accounting
Aims: The study assessed the determinants of earnings response coefficient in the Nigerian Post-I... more Aims: The study assessed the determinants of earnings response coefficient in the Nigerian Post-IFRS implementation era. It critically looked at the impact of investors' protection, earnings persistency, and systematic risks on earnings response coefficients. Study design: The study adopted an ex-post facto research design. Methodology: A sample of 35 companies was drawn from the population of the listed companies in the Nigerian Stock Exchange between 2013 to 2020. Secondary data was used. The Generalized Least Square was used to test the hypotheses Results: The study shows that the earnings response coefficient improves with the influence of investors’ protection, systematic risk, and earning persistency. Although the influence from systematic risk brings about an inverse effect on ERC, it is a fundamental determinant nonetheless. It was recommended that firms should improve on their investors' protection and that their financial reports should be designed to improve the i...
International Journal of Trend in Scientific Research and Development, Mar 1, 2021
The quality of loan recovery in Nigerian deposit money banks is presently impaired with the incid... more The quality of loan recovery in Nigerian deposit money banks is presently impaired with the incidence of a large portfolio of non-performing loans. The position of the banks to also act as prime movers of economic development and to effectively manage their credit risk, has not been effective; the study therefore examined the potency of credit risk management in addressing loan delinquency or high non-performing loan of deposit money banks in Nigeria. In view of this, investigation was conducted on the effect of credit risk architecture on loan recovery. Primary data was used for the study and the ordinary least square was used for data analysis and it was concluded that effective credit risk architecture could enhance loan recovery of deposit money banks in Nigeria.
There has been considerable progress in holding companies accountable for their social responsibi... more There has been considerable progress in holding companies accountable for their social responsibility performance. However, progress on socio economic and environmental impact of their practices has been more limited thereby creating an atmosphere of unfavorable business conduct and sustainability exposures. The absent of internationally recognized standards of corporate social responsibility in Nigeria have further aggravated the issue. There have also been little to no report on corporate responsibility in relation to enterprises overall economic relevance to the economy, import dependency, corruption, labour standards and eco efficiency in Nigeria. To this end, the study examined the extent to which organizations' corporate social responsibility tackles sustainability exposure as required by the Global Reporting Initiative. Survey and content analysis designs were used. Data were collected from primary and secondary sources of six Nigerian companies. T test and ANOVA were als...
The paper addresses tax evasion and avoidance through effective tax audit and investigation in Cr... more The paper addresses tax evasion and avoidance through effective tax audit and investigation in Cross River State.The study adopts survey research design, while data were collated from staff of FIRS and SIRS in Cross River State. The Chi-square (x) statistical tool was employed to analyze respondents’ opinion on the effect of tax audit and investigation in addressing tax evasion and avoidance. The results revealed that, while there is a significant difference in the opinions of respondents on the effect of tax audit on tax evasion and avoidance in Cross River State; there was no significant difference in their perception on the effect of tax investigation on tax evasion and avoidance. Penalty also significantly affected tax evasion and avoidance.Identified also was that the thoroughness of the tax audit will encourage taxpayers to be more prudent in complying with tax returns and that the strengthening of tax audit and investigation will wipe away tax evasion and avoidance in Nigeria...
Journal of Economics and Sustainable Development, 2014
This study assessed environmental accounting and social responsibility on the earning capacity of... more This study assessed environmental accounting and social responsibility on the earning capacity of selected Nigerian manufacturing companies. The study highlighted some environmental relatedcosts incurred in preventing, reducing or repairing damages to the environment and social cost incurred to acknowledge organizations' responsiveness to the society at large. Emphasis was also carried out to ascertain the extent of compliance by Nigerian companies on environmental accounting and social responsibility with the International Standard of Accounting and Reporting disclosure (ISAR) requirements. Data were collected from three manufacturing firms in Nigeria through the administration of questionnaires and researchers' checklist. These data were tested using population t-test, ordinary least square and multivariate statistics and was revealed that there is a significant difference between the compliance level of Nigerian companies on environmental accounting and social responsibility disclosures and the ISAR requirements.Environmental cost proxy as: waste management cost, pollution abatement cost, and Fines & Penalty significantly affect companies' earning capacity. It was recommended that firmsshould be sensitive to their environmental activities, and account for all environmental related costand they should desist from environmental pollution and degradations.
The International Journal of Management Science and Business Administration, 2015
This study is about public accountability and tax culture in Nigeria. The article specifically ev... more This study is about public accountability and tax culture in Nigeria. The article specifically evaluates the extent to which government’s accountability, transparency and act in the interest of the public create a sustainable tax culture in Nigeria and whether clear definition of responsibility, adherence to reporting mechanism and strict system review and sanctions enhance Nigerian tax culture among others. Survey research design was used and information was gathered from 782 tax payers from Edo, Enugu and Bayelsa States. The study adopted Pearson Product Moment Correlation (PPMC), Ordinary Least Square (OLS) and Multivariate Analysis of Variance (MANOVA) for testing the hypotheses. It was discovered that government’s accountability, transparency and act in the interest of the public create a sustainable tax culture in Nigeria; and clear definition of responsibility, adherence to reporting mechanism, and strict system review and sanctions enhance Nigerian tax culture, while unaccou...
International Journal of Public Sector Performance Management, 2012
General purpose financial reports (GPFRs) of public sector entities are developed primarily to re... more General purpose financial reports (GPFRs) of public sector entities are developed primarily to respond to the information needs of service recipients, resource providers, and their representatives, who do not possess the authority to require a public sector entity to disclose the information they need for accountability and decision-making purposes. GPFRs can report information about the past, present and future that is useful to users-including financial and non-financial, quantitative and qualitative information about: a the achievement of financial and service delivery objectives in the current reporting period b anticipated future service delivery activities and resource needs. The IPSASB is currently exploring how service performance information can assist users in assessing how efficiently and effectively public sector entities are using resources to provide services and achieve their objectives.
Journal of Accounting and Taxation
Novel accounting technology such as cloud accounting information system has taken the Centre stag... more Novel accounting technology such as cloud accounting information system has taken the Centre stage in its presumed capacity to provide relevance online accounting and auditing solutions that are accessible from anywhere through the cloud service providers. It is no doubt that keeping pace with this accounting technology has comes with apprehension from target audiences, that have created apathy in the deployment of cloud accounting by some companies in Nigerian, due to some speculative drawbacks such as high security breaches, high cost of IT services, risk of unauthorized access and viruses among others. It is in this light, that the study firstly examined the essentialities of cloud accounting information system on the operational efficiency of firms in Nigeria and secondly evaluated if there are significant differences in the perception of respondents in deployment of cloud accounting on corporate exigencies in Nigeria. The survey research design was adopted to collect data from ...
Novel accounting technology such as cloud accounting information system has taken the Centre stag... more Novel accounting technology such as cloud accounting information system has taken the Centre stage in its presumed capacity to provide relevance online accounting and auditing solutions that are accessible from anywhere through the cloud service providers. It is no doubt that keeping pace with this accounting technology has comes with apprehension from target audiences, that have created apathy in the deployment of cloud accounting by some companies in Nigerian, due to some speculative drawbacks such as high security breaches, high cost of IT services, risk of unauthorized access and viruses among others. It is in this light, that the study firstly examined the essentialities of cloud accounting information system on the operational efficiency of firms in Nigeria and secondly evaluated if there are significant differences in the perception of respondents in deployment of cloud accounting on corporate exigencies in Nigeria. The survey research design was adopted to collect data from 385 respondents in 32 companies cutting across four sectors in Nigeria. The Chi-square and Analysis of Variance were used for the test of hypotheses and it was discovered that cloud accounting significantly enhances the operational efficiency of firms in Nigeria, while there were no significant difference in the perception of respondents in deployment of cloud accounting leading to increase in the risk of unauthorized access, weak or no access control and high cost of IT services etc. In all, the benefits of the deployment of cloud accounting outweighs the exposures and it was recommended among others that organizations should endeavour to implement substantial security measures to protect IT infrastructure through effective internal control architecture.
Every successful government is expected to balance the budget and eliminate all forms of wasteful... more Every successful government is expected to balance the budget and eliminate all forms of wasteful government spending which fiscal responsibility stands for. It is quite worrisome that the different arms of government have not taken the issues of fiscal responsibility seriously. They often fail to translate the macroeconomic goals and sector priorities to conform to budget programmes. The study therefore examines the extent to which fiscal irresponsibility engenders, increased debt profile, mismanagement of fund, poor discipline, budget padding, inadequate monitoring and review of budgetary processes in Nigeria, and to also assess if an effective fiscal responsibility framework could strengthened government's accountability, budget transparency, budget implementation and budget credibility in the Nigerian public sector. To this end, the study used a sample size of 223 staff members of the Ministries of Finance in Cross River,
This research work focused on the relationship between creative accounting and financial statemen... more This research work focused on the relationship between creative accounting and financial statement quality of quoted banks in Nigerian. Income smoothing and off statement of financial position financing were used as dimensions of creative accounting while relevance, and faithful representation were used to measure the quality financial statement. The study applied ex-post facto research design. Two research questions were raised for the study and two hypotheses were formulated. Questionnaire design was the instrument used for data collection. The statistical package for social science (SPSS) was used to test the hypotheses. The result showed that there is positive and correlative relationship between creative accounting and financial statement quality of quoted banks in Nigerian. The study therefore, among others, recommended that there should be one set of global financial reporting standard by all operators of financial statements which must be effectively monitored. More emphasis should be laid in the review of the standard.