Correlative Influence of External Auditors and Forensic Accountants on Effective Management of Fraud
|
|
- Allyson Manning
- 5 years ago
- Views:
Transcription
1 Vol. 7, No. 5, 2016, Correlative Influence of External Auditors and Forensic Accountants on Effective Management of Fraud Sunday A. Effiong 1, Chinenyenwa B. Emechebe 2, Grace O. Edet 3, Ogar L. Ogbeche 4 Abstract Countries are presently faced with serious economic and social crises where corruption is the order of the day. In recent times, fraud has infected many companies in Nigeria of which Cadbury and formerafribank Plc. are few of them.the study examined the complementary services of forensic accountants in annual audit exercises in reducing fraudulent activities in companies and equally determined the correlative influence of external auditors and forensic accountants on effective management of frauds in organizations. The study adopted the descriptive research method in the collection and analyses of data obtained from the studied companies. A survey design was used, where the researcher gathered practical and dependable information by utilizing both primary and secondary data. The findings of the study revealed that complementary services of forensic accountants in the annual audit exercise of the companies considerably reduced the incidence of fraud cases in Nigerian companies and there was a significant correlative influence of forensic accountants and external auditors on effective management of fraud in Nigerian companies.the study concluded that fraud rate could be reduced in Nigerian companies with the complementary services of the forensic accountants during external audit processes. Keywords: correlative influences, forensic accountants, external auditors, complementary services, fraud management, companies, annual audit exercise 1. Introduction In today s society, many persons and agencies outside management are concerned with the economic life of the company. These persons frequently require financial data (Walgenbach, Hanson and Dittrich 1978:4) they want to know the resources controlled by an organization and the claims against those resources; how the management is allocating the scare resources provided them by the owners and the creditors (Welsch and Anthony, 1977:9). Financial statements have historically been one of the main ways in which such information has been provided to shareholders, investors and the general public (Millichamp, 2002:1). Since, these categories of persons are outside the organization, there exist a need for an independent person, who is independent in appearance and in mind, to provide an independent and accurate report on the true state of the organizations affairs with which they are concerned. These groups of financial users are with high expectations as to what the role or functions of an auditor should be than what it is, leaving a gap, which is known as audit expectation gap. 1 Department of Accounting, Faculty of Management Sciences, University of Calabar, PMB 1115, Calabar, Cross River State, Nigeria. 2 Department of Accounting, Faculty of Management Sciences, University of Calabar, PMB 1115, Calabar, Cross River State, Nigeria. 3 Department of Accounting, Faculty of Management Sciences, University of Calabar, PMB 1115, Calabar, Cross River State, Nigeria. 4 Department of Accounting, Faculty of Management Sciences, University of Calabar, PMB 1115, Calabar, Cross River State, Nigeria Research Academy of Social Sciences 264
2 The oxford dictionary of accounting defines audit expectation gap, as the gap between the role of an auditor, as perceived by him and the expectations of the users of financial statements. While some think that auditors are responsible for preparing the accounts and/or dealing with fraud or tax and keeping the books of accounts. It is only a few people that really understand how restricted the role of an auditor is. Obviously people generally expect more from an auditor than he/she is actually statutorily required to do and that is the real course of the expectation gap (ICAN, 2009:50). For instance, many companies have failed few months after the auditors have given clean reports. This has cast doubt on the relevance of auditing leading to intensified efforts by many countries to review and address issues such as corporate governance, accounting standards and auditors performance, and at the international level to develop enhanced standards to guide the national process change. A typical example of such effort is the establishment of financial stability forum. The report of this forum focused on the international standards setters and on the developments at the national level, some of the more significant developments in recent years of which Nigeria is not left out as it has adopted some and SEC, CAC and CBN are still working on more in order to ensure reliability of the external auditors report. These regulations have so far acted as a check on the activities of external auditors because of the restrictions on the role of auditors, whose primary function is not to investigate fraud, but may only discover it in the course of his work. It becomes necessary to employ the services of the forensic accountant whose duty it is to investigate fraud and prosecute accordingly. This gave rise to the need to study the collaborative influence of external auditors and forensic accountants on effective management of fraud in Nigerian companies. 2. Theoretical Perspective The Association of Certified Fraud Examinations(ACFE), reported that fraud is very costly considering the amount of fraud perpetuated around the world, as approximately $3.5 trillion was lost worldwide from fraudulent monetary statements, embezzlement, and corrupt practices in 2011 (ACFE, 2012). Due to the fact that high profile personalities are usually involved in advanced fraudulent practices, a more sophisticated trained specialist such as accountant is required to curb the menace. Some companies in Nigeria where forensic investigation has taken place include five prominent banks in Nigeria declared technically insolvent by Central Bank of Nigeria (CBN) (2009), Cadbury Nigeria Plc.,The Nigerian Stock Exchange and the Nigerian National Petroleum Corporation (NNPC). The governor of central bank of Nigeria, Mr. Lamido Sanusi in August 2009 disclosed a shocking and actual report of financial standing of some of Nigerians banks to the people. He revealed that 5 well-known banks were practically out of fund, basically eating deep into their shareholders funds and virtually breached all the banking rules. The Central Bank of Nigeria published the names of the company s debtor s with their top managers, who obtained loan to the tune of about 747 billion naira from those banks. Amazingly, the external auditors gave a good financial standing of these banks during their annual financial report, thereby giving a false financial standing of these banks thus misled the shareholders and the people. The chairman of the Nigerian EFCC (Economic and Financial Crimes Commission) disclosed in a report thatit is likely that the external auditors usually collaborate with the top managers to perpetuate fraud in the banks. He also said that their investigations revealed that external auditors connived with bank executives to give them a good supportive report, cover fraud and were paid for it (This Day Newspaper, 2009). The executives of Cadbury Plc. were accused of bloating the company s account to mislead shareholders. A forensic accounting firm, PWC (Price water house coopers) was employed to re-audit the firm and they reported a fraud of about 15 billion naira in the company and that the company made losses rather than the juicy financial report presented by management. The Cadbury s external auditors were fined 20 million naira for their inability to give a professional true financial standing of the company. 265
3 Fraud Management S. A. Effiong et al. Fraud is a universal phenomenon, which has become perpetual and its perpetrators are sophisticated and swift in their approach. Fraudulent activities have led to the collapse and falsified account reporting in so many organizations including companies. Fraud is of two types namely; i. Defalcations involving misappropriations either of money or goods. ii. Manipulation of accounts without defalcations. The conduct of investigations where fraud is suspected or known to have taken place very much with the particular circumstance and accordingly, it is not possible to generalize. The fraudulent manipulation of accounts without Defalcation usually takes the form of inflation of assets or the exclusion, if liabilities. The purpose being to make the position of a business appears to be better than it really is or to enable dividends to be paid. Investigation of this type will involve the verification of the assets and liabilities and the income and expenses for the relevant products of which this kind of investigation skills is carried out by a forensic accountant and the work involved is a kin to the audit examination (Nwoha: 2010). Internal auditing is a professional activities involved in assisting organizations realize their stated goals. This is achieved by using systematic methods for analyzing businesses processes and activities with the aim of highlighting organizational challenges and recommending solutions, thereby facilitating the work of an external auditor. In other words, a good internal control system makes the work of an external auditor easier. In carry out an audit work, the external auditor is not expected to carry out his work with a suspicious state of mind or to investigate fraud, but to ascertain whether, proper books of account have been kept by the firm and proper returns adequate for his audit have been received from branches not visited by him. He is also expected to state whether the company s balance sheet and profit and loss account are in agreement with the books of account and returns as provided for in section 360, CAMA It is only if in the course of his work (external auditor), he discoversfraud, that services of a forensic accountant may be required. The forensic accountant will now approach his work with a critical and perhaps suspicious state of mind. He the forensic accountant may deeply be concerned about what should have been done rather than confirmation what has been done. At this point, it is important to establish the fact that the output of an external auditor becomes the input of a forensic accountant, even though the both profession can be carried out by one person at different situations and circumstances. Forensic Accountants Involvements Forensic accounting can simple be defined as the use of accounting skill to examine fraud or misappropriation and to analyze financial information for use in legal trial. Forensic means suitable for use in a court of law, and it is to that standard and potential outcome that forensic accountants generally have to work (Crumbley, Heitger and Smith 2005). This profession employs accounting, auditing and investigative skills, In other words, forensic accounting reports go extra miles to form a useful platform in dispute resolution perhaps, this was why Consuelo 2008 argues that forensic accountants see where and what others do not see, that is they see beyond financial records and numbers to deal with the business reality of the day. In my own view, I see forensic accounting as an assessment of accounts of a business for a particular purpose, which will provide useful evidence during litigations and a rational basis for dispute resolutions.a forensic accountant maybe intensely interested in questions of policy, a problem that is legally outside the scope of an auditor s liability. Approaches/Stages of Investigation These are processes to be followed in carry out investigation though investigations may be carried out for various purposes, and procedures rightly depends upon the type of investigation, these are some 266
4 identifiable stages, which are common to all investigations and are used in commencing and carrying on investigation in any organization: 1. Obtaining the terms of reference from the client 2. Establishing contact with the auditors of the business under investigation 3. Organizing the investigation 4. Obtaining background information concerning the environment in which the business operates 5. Obtaining preliminary information concerning the enterprises organizations under investigation. 6. Preparing the report outline 7. Conducting the investigation proper and analyzing the information obtained 8. Preparing the draft for discussion with client 9. Discussing the report with the client 10. Take care of other relevant points. 11. Carrying out further work that the client may require after discussing the report 12. Finalizing and submitting the report to the client and then feedback. Difference Between Auditing/Investigations and Forensic Accounting Investigation is a systematic examination or enquiry into the affairs of an organization in order to establish a fact and to evaluate a situation (Nwoha, 2010). Professional accountants are often assigned to investigate the accounts or the related records of a business in cases of fraud. But the word auditing entails an independent examination of an expression of opinion on the financial statements of an enterprise by an approved auditor in pursuance of his appointment and in compliance with any relevant statutory obligations (Nwoha, 2010). From the above definitions, it can easily be seen that these fraud control tools differ substantially. i. Audit aims at collection of sufficient evidence in support of the credibility of financial statement. Investigation, on the other hand, requires a special examination of the particular records or transactions for particular purposes. ii. An auditor is merely concerned with prima facie evidence while an investigator, in the approach of his work looks for substantive and conclusive evidence. iii. An auditor assumes that if there is nothing suspicious then the figures and facts are necessarily correct and true. An investigator does not accept a situation unless it is supported with facts. iv. An investigation/forensic accountant primary motive is to be able to detect possible fraud, so he is not bound to conduct his work merely based on accounting information, policies and disclosures of factual information and, has to see whether the methods of valuation and adoption of accounting policies have been consistently followed. v. The responsibility of the investigator is to the management who have appointed him to carry out the investigation, but In audit, the auditor is responsible to the shareholders. Skills of Forensic Accountants Forensic accountant ought to acquire a high level of competency, probity, decency and truthfulness. He must be an affiliate of a recognized accountancy organization. In the course of his training, he must possess the following requirement. a) Ability to identify fraud with minimal initial information. b) Identification of financial issues; c) Knowledge of investigation techniques d) Knowledge of evidence; e) Interpretation of financial information; 267
5 S. A. Effiong et al. f) Presentation of financial findings; g) Investigation skills and mentality. 3. Methodology This study was descriptive in approach. It made use of a survey design, which relate to data collected from the population for in-depth analysis. The study gathered both primary and secondary data to evaluate correlative influence of both external auditors and forensic accountants on fraud management. The tests of hypotheses were done using SPSS. Questionnaire was used as the instrument to obtain primary data through well directed questions. The secondary data were obtained from the records of Nigerian companies on audit and forensic outputs published in annual report and accounts, newspapers, journals, magazines and internet. Although some of the records and forensic outputs were incomplete and somewhat biased, they nevertheless provided figures of fraudulent practices. The researcher encountered substantial problems in data collection because fraud is masked with secrecy and it was very difficult for auditors to disclose details of their financial practices. For the above reasons, this research utilized only available and accessible evidences which provided a proportion of the bigger picture. Qualitative method, specifically in-depth interview method was employed to elicit additional relevant information that helped to complement the quantitative information collected from respondents through structured questionnaire from the companies. Hypotheses H o1the Complementary services of Forensic Accountants in annual audit exercise of companies will not reduce the cases of fraudulent activities in Nigerian companies. H o2there is no significant correlative influence of forensic accountants and external auditors on effective management of fraud in Nigerian companies. Primary data presentation of the mean scores of the respondents and the results of hypothesis testing of the primary data were examined. Analysis of variance (ANOVA) statistic was used in testing Hypothesis one.two questions were used to measure the effect of complementary services of Forensic Accountants on annual audit report of companies and occurrence of Fraud. 4. Results Two items were meant to elicit information on the effect of complementary services of forensic Accountants in annual audit of companies in reduction of fraud in companies as shown in table 2 Table 1: Mean comparison of the effect of complementary services of Forensic Accountants in annual audit of companies in the reduction of fraud in Nigerian companies. Mean Standard deviation Forensic accounting is effective as a fraud detection tool and can locate diverted funds or assets Considering the fees paid to auditors, services of both external auditor and forensic accountant are required in the annual audit of companies for more effective reduction of fraud H 0i: The complementary services of Forensic Accountants in annual audit exercise of companies will not reduce cases of fraudulent activities in Nigerian companies. 268
6 H Ai: The complimentary services of Forensic Accountants in the annual audit exercise of companies will significantly reduce the cases of fraudulent activities in Nigerian companies. Decision Table 2: Summary of Analysis of Variance Source SS DF MS F-ratio Between Within Total The critical value at significant level of 5% with degree of freedom (df) 4 to 5 = Since the calculate value of was greater than the critical value of 5.19, the alternative hypothesis was accepted and the Null hypothesis rejected. This shows that the complementary services of forensic Accountants in the annual audit exercise of companies will significantly reduce the cases of fraudulent activities in Nigerian companies. The second section covers data presentation and analysis of secondary data collected from Nigerian companies, records on audit and forensic outputs. Table 4 and 5 were adapted from the audit and forensic report of NNPC, oceanic bank and Intercontinental bank. It shows disparity in the available external audit report and forensic reports of Nigerian companies. Table 3: Forensic Audit Report of Nnpc 2015 Nature NNPC submission B$ verified B$Disparity B$ Equity Crude Domestic Sales FIRS DPR NPDC Third party financing Total B$--billion dollars Source: NNPC forensic audit report, 2015 A total of $2.34 billion was under reported based on the NNPC Forensic Report of The total revenue generated from the analysis from all revenue streams amounted to $69.34 billion as shown on Table 3. Table 4: Forensic Report of Discrepancies in Audited Accounts of NNPC, Oceanic and Intercontinental Banks S/N Description Audit Report x10 6 $ Forensic Report x10 6 $ Variance x10 6 $ 1 NNPC Total revenue generated NNPC Total crude oil/product loses NNPC total revenue remitted NNPC total pipeline maintenance / management costs 5 NNPC Total subsidy computation Oceanic Bank annual report of nonperforming loans 7 Intercontinental Bank annual report of nonperforming loans
7 S. A. Effiong et al. Adopted from NNPC forensic report 2015, Oceanic bank Annual Report, 2008(p. 53), Otusanya, 2010, ThisDay Newspaper 25 August, 2009 andnewswatch, 24 August H o2 There is no significant correlative influence of forensic accountants and external auditors on effective management of fraud. H i2 There is significant correlative influence of forensic accountants and external auditors on effective management of fraud. Model Summary b Model Adjusted R Std. Error of the Estimate R R Square Square a Regression Residual Total a. Predictors: (Constant), Forensic Report, Audit Report b. Dependent Variable: Variance/Fraud Table 5: Regression values derived from table 5 Model Sum of Squares df Mean Square F Sig a a. Predictors: (Constant), Forensic Report, Audit Report b. Dependent Variable: Variance/Fraud From table 5, the F * calculated value, was greater than F-tabulated value of 6.59 of 6.59 at 5% significant level and df 2 and 4, the null hypothesis was reject and the alternate hypothesis accepted. This shows a significant correlative influence of forensic accountants and external auditors on effective management of fraud in nigerian companies. Table 6: Correlations between the External Auditors and Forensic Accountant on Effective Management of Fraud Audit Report Forensic Report Spearman s rho Audit Report Correlation Coefficient Sig. N * Forensic Correlation.679 * Report Coefficient Sig. N *. Correlation is significant at the 0.05 level It can be seen from Table 6 that there is a correlative influence of external auditors and forensic accountants on effective management of fraud. 5. Discussion of Findings Based on the empirical result, the study revealed that forensic accounting is effective as a fraud detection tool and can locate diverted funds or assets. A total of 83.3% of the respondents believed that forensic accounting is effective as a fraud detection tool and can locate diverted funds or assets. Another 13.4% of the respondents did not agree that forensic accounting is effective as a fraud detection tool and can 270
8 locate diverted funds or assets. The mean score of those who believed that forensic accounting is effective as a fraud detection tool and can locate diverted funds or assets was 4.2 and the standard deviation was This implies that, on the average, forensic accounting is effective as a fraud detection tool and can locate diverted funds or assets. In view of the results from the study, it was discovered in the first hypothesis that the complimentary services of forensic Accountants in the annual audit exercise of companies significantly reduced the incidence of fraud in Nigerian companies. Therefore, employing the services of Professional Forensic Accountants is required in the annual audit exercise of the companies to reduce cases of fraud. Also, the study revealed that Nigerian companies does not use the services of professional forensic accountants in the annual company reports and that services are provided by the Traditional External Auditor, yet fraud are still being perpetrated in the companies. Forensic Accounting combines the skills of accounting, auditing and investigation; and as such has a much wider scope than any of its constituent components. This result corroborates with the findings of Udeh, Ugwu and Ugwanyi (2010), that Forensic Accountants often get involved in a wide range of investigations that span different industries and sectors of the economy. Considering the fees paid to auditors, the services of both external auditor and forensic accountants are required in the annual audit exercise of companies for more effective reduction of fraud. The result shows that 76.7% of the respondents agree that the services of both external auditor and forensic accountant are required in the annual audit exercise of banks for more effective reduction of fraud while 18.2% of the respondents disagreed and 5.0% nonetheless remained neutral and undecided.also, the mean score of respondents who believed that the services of both external auditor and forensic accountants are required in the annual audit exercise of companies for more effective reduction of fraud was 4.0 with a standard deviation of This indicates that the services of both external auditor and forensic accountants are required in the annual audit exercise of companies for more effective reduction of fraud. The second hypothesis equally shows that there is a significant correlative influence of forensic accountants and external auditors on effective management of fraud. Therefore, both the services of the Forensic Accountants and the external auditors are needed in the effective management of fraud in Nigeria. It was deduced that employing the skills of Forensic Accountants is certainly essential in Nigerian companies, since currently the services are being provided by the external auditors and frauds are still common. 6. Conclusion and Recommendations Economic crimes have become so rampant and sophisticated that prevention and detection now require special investigation skills and collaborative efforts of auditors and forensic accountants. Corporate fraud in Nigeria has affected the growth and development of the economy in the past decades. In the banking industry, various measures have been adopted to minimize fraud perpetration without success, including reforms in the sector and prudential guidelines stipulated by the Banking Act. The study has demonstrated why forensic accounting should be used as a tool for fraud detection and prevention in Nigerian companies. It is recommended that the complementary services of Forensic Accountants should be employed in the annual audit exercise of companies to reduce the rate of fraud cases in companies since it has been shown that the skill and techniques applied in Fraud detection and prevention stuck among Professional Forensic Accountants and Traditional External Auditors differ. Also, government and institutions of higher learning should intensify effort in training forensic accountants to render the services at a lower fee because, at the moment, there is acute shortage of forensic experts in Nigeria and in most cases such experts services are acquired at very exorbitant fees. References Association of Certified Fraud Examiner (ACFE) (2012). Report to the Nations on Occupational Fraud and Abuse. Austin, TX: Association of Certified Fraud Examiners. 271
9 S. A. Effiong et al. Consuelo, H. (2008): Forensic Accounting is challenging. Retrieved from on 24/11/2015. Crumbley, D. L., Heitger, L. E., and Smith, G. S. (2005). Forensic and Investigative Accounting (P.I),6 th Edition. CCH Incorporated. Federal Republic of Nigeria (2004). Companies and Allied Matters Act. Lagos: Panaf Press. Institute of Chartered Accountants of Nigeria (2009). Professional Codes of Conduct. Lagos: VI Publishers. Millichamp A. H. (2002). Auditing, 8 th ed. London: T. International Publishers. Nigerian National Petroleum Corporation (2015). Report on the investigative forensic audit into the allegations of unremitted funds into the federation accounts by the NNPC. Nwoha,C. (2010). Investigations. In: Nwoha (ed). Auditing and Investigation.Melfin Press. Oceanic Bank Plc.(2008). Annual Reports and accounts. Lagos: Oceanic Bank. Otusanya, J.O and Lauwo, S. (2010).The role of auditors in the Nigerian banking crisis. Accounting business and public interest. 9(2), This Day Newspaper, 25th August CBN releases audit report of 10 banks. Udeh, S.N, Ugwu, K.O, Ugwuanyi, U.B. (2010). The concept and challenges of forensic accounting:esut journal of Accountancy. 1(2): Walgenbach, P. H. Hanson, E. I. and Dittrich N. E. (1987). Principles of Accounting 4th ed.florida. Harcourt Brace Joranovich, Inc. Welsch, G. A and Anthony, R. N. (1977). Fundamentals of Financial Accounting Illionois: Richard Inwin, Inc. 272
The Effect of Audit Fees on Auditors Negligence
The Effect of Audit Fees on Auditors Negligence Segun Idowu Adeniyi 1 Abstract: The research work examined the effect of audit fees on auditors negligence. Failure to report certain weaknesses because
More informationPUBLIC CONFIDENCE IN AUDITED REPORT: AN EMPIRICAL REVIEW
PUBLIC CONFIDENCE IN AUDITED REPORT: AN EMPIRICAL REVIEW Obaretin Osasu Department of Accounting, University of Benin, Benin City Jonathan A. Okunbor Department of Accounting, Ambrose Alli University,
More informationAssessing the Effectiveness of the Treasury Single Account as a Tool for Curbing Financial Irregularities in the Nigerian Public Sector
Assessing the Effectiveness of the Treasury Single Account as a Tool for Curbing Financial Irregularities in the Nigerian Public Sector Dr. Eno Gregory Ukpong & Mrs. Ese Bassey Nsentip Department of Accounting
More informationJournal of Internet Banking and Commerce
Journal of Internet Banking and Commerce An open access Internet journal (http://www.icommercecentral.com) Journal of Internet Banking and Commerce, June 2017, vol. 22, no. S8 Special Issue: Mobile banking:
More informationThe Perception of the Contributory Pension Scheme Administration by the Staff of University of Benin
261 An International Multi-disciplinary Journal, Ethiopia Vol. 10(3), Serial No.42, June, 2016: 261-278 ISSN 1994-9057 (Print) ISSN 2070-0083 (Online) Doi: http://dx.doi.org/10.4314/afrrev.v10i3.17 The
More informationEFFECT OF PUBLIC EXPENDITURE MANAGEMENT CONTROL MECHANISM ON SERVICE DELIVERY: THE PERCEPTION OF CIVIL SERVANTS IN BENUE STATE, NIGERIA
EFFECT OF PUBLIC EXPENDITURE MANAGEMENT CONTROL MECHANISM ON SERVICE DELIVERY: THE PERCEPTION OF CIVIL SERVANTS IN BENUE STATE, NIGERIA Dr. Paul Aondona Angahar Department of Accounting, Benue State University,
More informationCREDIT CARDS AND PERFORMANCE OF COMMERCIAL BANKS PORTFOLIO IN KENYA
CREDIT CARDS AND PERFORMANCE OF COMMERCIAL BANKS PORTFOLIO IN KENYA Odhiambo, Alfonse, A. School of Human Resource Development Jomo Kenyatta University of Agriculture and Technology P. O. Box 00200-62000
More informationEffect of Foreign Ownership on Financial Performance of Listed Firms in Nairobi Securities Exchange in Kenya
Effect of Foreign Ownership on Financial Performance of Listed Firms in Nairobi Securities Exchange in Kenya 1 Anthony Muema Musyimi, 2 Dr. Jagogo PHD STUDENT, KENYATTA UNIVERSITY Abstract: This study
More informationCHAPTER 4 DATA ANALYSIS Data Hypothesis
CHAPTER 4 DATA ANALYSIS 4.1. Data Hypothesis The hypothesis for each independent variable to express our expectations about the characteristic of each independent variable and the pay back performance
More informationImpact of Mergers and Acquisitions on Earnings and Net Assets per Share Indices of Companies in Nigeria
Impact of Mergers and Acquisitions on Earnings and Net Assets per Share Indices of Companies in Nigeria Sergius Nwannebuike Udeh Ph.D, Acma Department of Accounting/Finance, Godfrey Okoye University,Ugwuomu
More informationThe Extent to Which Contracting Companies in Kuwait Comply with International Accounting Standards from the Point of View of the Internal Auditors
Asian Social Science; Vol. 14, No. 3; 2018 ISSN 1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education The Extent to Which Contracting Companies in Kuwait Comply with International
More informationNABCA 23 rd Annual Administrators Conference The Forensics of Fraud: Conducting Financial Investigations
NABCA 23 rd Annual Administrators Conference The Forensics of Fraud: Conducting Financial Investigations Allan Bachman, CFE Retired Education Manager ACFE Agenda The ACFE & Mission ACFE 2016 Report to
More informationCOMPREHENSIVE ANALYSIS OF BANKRUPTCY PREDICTION ON STOCK EXCHANGE OF THAILAND SET 100
COMPREHENSIVE ANALYSIS OF BANKRUPTCY PREDICTION ON STOCK EXCHANGE OF THAILAND SET 100 Sasivimol Meeampol Kasetsart University, Thailand fbussas@ku.ac.th Phanthipa Srinammuang Kasetsart University, Thailand
More informationThe Impact of Business Strategy on Budgetary Control System Usages in Jordanian Manufacturing Companies
The Impact of Business Strategy on Budgetary Control System Usages in Jordanian Manufacturing Companies Wael Abdelfattah Mahmoud Al-Sariera Jordan Al-Karak- Al-Mazar Abstract This research aims at investigating
More informationAND ITS PRACTICE IN ISLAMIC FINANCIAL INSTITUTIONS IN SRI LANKA: AN EMPIRICAL STUDY
AND ITS PRACTICE IN ISLAMIC FINANCIAL INSTITUTIONS IN SRI LANKA: AN EMPIRICAL STUDY Mr.MCA. Nazar 1 and Mr. TM.Rimsan 2 1 Senior Lecturer in Accounting, FMC SEUSL, mcanazar@seu.ac.lk 2 Teacher, rimsantm@gmail.com
More informationThe Impact of Liquidity on Jordanian Banks Profitability through Return on Assets
The Impact of Liquidity on Jordanian Banks Profitability through Return on Assets Dr. Munther Al Nimer Applied Science University, Faculty of Economic and Administrative Science, Accounting Department
More informationInvestigating the Policy of International Trading Companies of Iran in Using Letters of Credit
Journal of Politics and Law; Vol. 9, No. 4; 2016 ISSN 1913-9047 E-ISSN 1913-9055 Published by Canadian Center of Science and Education Investigating the Policy of International Trading Companies of Iran
More informationThe Influence of Demographic Factors on the Investment Objectives of Retail Investors in the Nigerian Capital Market
The Influence of Demographic Factors on the Investment Objectives of Retail Investors in the Nigerian Capital Market Nneka Rosemary Ikeobi * Peter E. Arinze 2. Department of Actuarial Science, Faculty
More informationBUDGET AS AN INSTRUMENT OF FINANCIAL CONTROL IN BUSINESS ORGANISATIONS: A CASE STUDY OF BETA GLASS PLC, UGHELLI, DELTA STATE, NIGERIA
BUDGET AS AN INSTRUMENT OF FINANCIAL CONTROL IN BUSINESS ORGANISATIONS: A CASE STUDY OF BETA GLASS PLC, UGHELLI, DELTA STATE, NIGERIA Edafiaje, A. L. Department of Banking and Finance Delta State Polytechnic,
More informationDisclosure of Financial Statements and Its Effect on Investor s Decision Making in Jordanian Commercial Banks
International Journal of Economics and Finance; Vol. 10, No. 2; 2018 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Disclosure of Financial Statements and Its Effect
More informationINFLUENCE OF CAPITAL BUDGETING TECHNIQUESON THE FINANCIAL PERFORMANCE OF COMPANIES LISTED AT THE RWANDA STOCK EXCHANGE
INFLUENCE OF CAPITAL BUDGETING TECHNIQUESON THE FINANCIAL PERFORMANCE OF COMPANIES LISTED AT THE RWANDA STOCK EXCHANGE Liliane Gasana Jomo Kenyatta University of Agriculture and Technology, Rwanda Dr.
More informationCredit Risk Management and Profitability of Deposit Money Banks in Ekpoma, Edo State
Credit Risk Management and Profitability of Deposit Money Banks in Ekpoma, Edo State AIGBOMIAN, Efehi Department of Banking and Finance, Faculty of Management Sciences, Ambrose Alli University Ekpoma AKINLOSOTU,
More informationMohammed Ibrahim Obeidat Al Khawarizmi International College. Adnan Jawabri Al Khawarizmi International College
The Impact of Working Capital Management on the Profitability of Construction Equipment Firms: Evidence from Listed Construction Equipment Firms in Abu Dhabi Stock Exchange Mohammed Ibrahim Obeidat Al
More informationTHE IMPACT OF CREDIT RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
International Journal of Economics, Commerce and Management United Kingdom Vol. IV, Issue 6, June 2016 http://ijecm.co.uk/ ISSN 2348 0386 THE IMPACT OF CREDIT RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
More informationImpact of Unemployment and GDP on Inflation: Imperial study of Pakistan s Economy
International Journal of Current Research in Multidisciplinary (IJCRM) ISSN: 2456-0979 Vol. 2, No. 6, (July 17), pp. 01-10 Impact of Unemployment and GDP on Inflation: Imperial study of Pakistan s Economy
More informationCORPORATE GOVERNANCE AND AUDIT COMMITTEE IN NIGERIA
CORPORATE GOVERNANCE AND AUDIT COMMITTEE IN NIGERIA James Ugochukwu Okolie, Ph.D Dept of Accountancy and Finance Lagos State University, Ojo Abstract The purpose of this research is to evaluate whether
More informationINTERNATIONAL STANDARD ON AUDITING 240 THE AUDITOR S RESPONSIBILITY TO CONSIDER FRAUD IN AN AUDIT OF FINANCIAL STATEMENTS CONTENTS
INTERNATIONAL STANDARD ON AUDITING 240 THE AUDITOR S RESPONSIBILITY TO CONSIDER FRAUD (Effective for audits of financial statements for periods beginning on or after December 15, 2004) CONTENTS Paragraph
More informationCHAPTER 6 DATA ANALYSIS AND INTERPRETATION
208 CHAPTER 6 DATA ANALYSIS AND INTERPRETATION Sr. No. Content Page No. 6.1 Introduction 212 6.2 Reliability and Normality of Data 212 6.3 Descriptive Analysis 213 6.4 Cross Tabulation 218 6.5 Chi Square
More informationFundamental Factors Influencing Individual Investors to Invest in Shares of Manufacturing Companies in the Nigerian Capital Market
Fundamental Factors Influencing Individual Investors to Invest in Shares of Manufacturing Companies in the Nigerian Capital Market Ikeobi, Nneka Rosemary 1* Jat, Rauta Bitrus 2 1. Department of Actuarial
More informationDEPOSIT MONEY BANKS LOAN RECOVERY STRATEGIES AND CUSTOMER-BANK RELATIONSHIP
DEPOSIT MONEY BANKS LOAN RECOVERY STRATEGIES AND CUSTOMER-BANK RELATIONSHIP Matthew A. Laseinde & Felicia O. Olokoyo Banking and Finance Department, Covenant University, Ota, Ogun State NIGERIA Corresponding
More informationEvaluating Internal Control System as Preventive Measure of Fraud in the Nigerian Banking Sector
Evaluating Internal Control System as Preventive Measure of Fraud in the Nigerian Banking Sector Author s Details 1) AJALA Oladayo Ayorinde-Department of Management and Accounting,Ladoke Akintola University
More informationFraud Risk Assessment CARRIE KENNEDY, PARTNER DUSTIN BIRASHK, PARTNER
Fraud Risk Assessment CARRIE KENNEDY, PARTNER DUSTIN BIRASHK, PARTNER Disclaimer The material appearing in this presentation is for informational purposes only and should not be construed as advice of
More informationImpact Analysis of Interest Rate on the Net Assets of Multinational Businesses in Nigeria
Impact Analysis of Interest Rate on the Net Assets of Multinational Businesses in Nigeria Akabom-Ita Asuquo, PhD Department of Accounting, Faculty of Management Sciences University of Calabar P.M.B. 1115,
More informationEffect of Forensic Accounting and Litigation Support on Fraud Detection of Banks in Nigeria
IOSR Journal of Business and Management (IOSR-JBM) e-issn: 2278-487X, p-issn: 2319-7668. Volume 19, Issue 6. Ver. V (June 2017), PP 56-60 www.iosrjournals.org Effect of Forensic Accounting and Litigation
More informationAnti-Fraud Policy. Version: 8.0 Approval Status: Approved. Document Owner: Graham Feek. Review Date: 07/12/2018
Anti-Fraud Policy Version: 8.0 Approval Status: Approved Document Owner: Graham Feek Classification: External Review Date: 07/12/2018 Last Reviewed: 09/12/2016 Table of Contents 1. Policy Statement...
More informationRole of Commercial Banks in Improving Business Condition of Pakistan through Loan Facility
Role of Commercial Banks in Improving Business Condition of Pakistan through Loan Facility AUTHOR DETAILS: SAIMA AFSHEEN MS Scholar, Department Of Management Science, City University of Science & Information
More informationMethods for Overcoming the Financial Crisis of Enterprises
Economy Transdisciplinarity Cognition www.ugb.ro/etc Vol. 18, Issue 1/2015 111-116 Methods for Overcoming the Financial Crisis of Enterprises Inga ZUGRAV Trade Co-operative University of Moldova, Chisinau,
More informationCompiled by: CA. Pankaj Garg Page 1
SA 500 Audit Evidence 1 Comment on the following: Z Ltd. had appointed an outside expert to assess accrued gratuity liability of the company. Based on the said report, the company provides Rs. 80 lakhs
More informationA Correlational Analysis of Private Sector Credit, Exchange Rate and Economic Growth in Nigeria: Alice Chinwe Obasikene
International Digital Organization for Scientific Research ISSN: 2579-0765 A Correlational Analysis of Private Sector Credit, Exchange Rate and Economic Growth in Nigeria: 1986-2016 Alice Chinwe Department
More informationInternational Journal of Business, Social Sciences and Education/ Ijbsse.org. Relationship Between Collateral Requirements and Access to Finance by
INTERNATIONAL JOURNAL OF BUSINESS, SOCIAL SCIENCES & EDUCATION Relationship Between Collateral Requirements and Access to Finance by Small and Medium Enterprises in Kenya Joseph Mwangi Gichure Jomo Kenyatta
More informationEffect of Change Management Practices on the Performance of Road Construction Projects in Rwanda A Case Study of Horizon Construction Company Limited
International Journal of Scientific and Research Publications, Volume 6, Issue 0, October 206 54 ISSN 2250-353 Effect of Change Management Practices on the Performance of Road Construction Projects in
More informationAssessing The Financial Literacy Level Among Women in India: An Empirical Study
Assessing The Financial Literacy Level Among Women in India: An Empirical Study Bernadette D Silva *, Stephen D Silva ** and Roshni Subodhkumar Bhuptani *** Abstract Financial Inclusion cannot be achieved
More informationDetecting Corporate Financial Fraud using Beneish M-Score Model
International Journal of Finance and Managerial Accounting, Vol.2, No.8, Winter 2017 Detecting Corporate Financial Fraud using Beneish M-Score Model Nasrin Lotfi Department of Accounting, Islamic Azad
More informationIMPACT OF INFORMAL MICROFINANCE ON RURAL ENTERPRISES
IMPACT OF INFORMAL MICROFINANCE ON RURAL ENTERPRISES Onafowokan Oluyombo Department of Financial Studies, Redeemer s University, Mowe, Nigeria Ogun State E-mail: ooluyombo@yahoo.com Abstract The paper
More informationTest of Capital Market Efficiency Theory in the Nigerian Capital Market
Test of Capital Market Efficiency Theory in the Nigerian Capital Market OGUNDINA, John Ayodele Department of Accounting and Finance Lagos State University, Ojo, Lagos, Nigeria. E mail:ayodelejohayo@yahoo.com:
More informationAc. J. Acco. Eco. Res. Vol. 3, Issue 2, , 2014 ISSN:
2014, World of Researches Publication Ac. J. Acco. Eco. Res. Vol. 3, Issue 2, 118-128, 2014 ISSN: 2333-0783 Academic Journal of Accounting and Economics Researches www.worldofresearches.com Influence of
More informationCorporate Crime Announcement and Share Prices of Deposit Money Banks in Nigeria
Vol. 7, No. 6, 2016, 296-301 Corporate Crime Announcement and Share Prices of Deposit Money Banks in Nigeria Yusuf Musa Muhammad 1, Kabiru Umar 2 Abstract This study analyses the impact of Crime announcement
More informationInvestigation and Comparison of Ohlson, Model, Economic Value Added Model and Dividend Discount Model in 50 Top Companies in Tehran Stock Exchange
J. Appl. Environ. Biol. Sci., 4(9)87-92, 2014 2014, TextRoad Publication ISSN: 2090-4274 Journal of Applied Environmental and Biological Sciences www.textroad.com Investigation and Comparison of Ohlson,
More informationCHAPTER-4 ANALYSIS OF FINANCIAL EFFICIENCY. The word efficiency as defined by the Oxford dictionary states that:
CHAPTER-4 ANALYSIS OF FINANCIAL EFFICIENCY 4.1 Concept of Efficiency and Performance The word efficiency as defined by the Oxford dictionary states that: "Efficiency is the accomplishment of or the ability
More informationMultiple regression analysis of performance indicators in the ceramic industry
Available online at www.sciencedirect.com Procedia Economics and Finance 3 ( 2012 ) 509 514 Emerging Markets Queries in Finance and Business Multiple regression analysis of performance indicators in the
More informationANTI-FRAUD CODE CONTENTS INTRODUCTION GOAL CORPORATE REFERENCE FRAMEWORK CONCEPTUAL FRAMEWORK ACTION FRAMEWORK GOVERNANCE STRUCTURE
ANTI-FRAUD CODE CONTENTS INTRODUCTION GOAL CORPORATE REFERENCE FRAMEWORK CONCEPTUAL FRAMEWORK ACTION FRAMEWORK GOVERNANCE STRUCTURE PREVENTION, DETECTION, INVESTIGATION AND RESPONSE MECHANISMS APPLICATION
More informationAuditing and Assurance Standards Council
Auditing and Assurance Standards Council Philippine Standard on Auditing 240 (Redrafted) THE AUDITOR S RESPONSIBILITIES RELATING TO FRAUD IN AN AUDIT OF FINANCIAL STATEMENTS PHILIPPINE STANDARD ON AUDITING
More informationEvaluating the Credit Risk Measurement Practices of Commercial Banks in Nepal
IOSR Journal of Business and Management (IOSR-JBM) e-issn: 2278-487X, p-issn: 2319-7668. Volume 18, Issue 3.Ver. II (Mar. 2016), PP 132-137 www.iosrjournals.org Evaluating the Credit Risk Measurement Practices
More informationThe Impact of Liquidity Ratios on Profitability (With special reference to Listed Manufacturing Companies in Sri Lanka)
The Impact of Liquidity Ratios on Profitability (With special reference to Listed Manufacturing Companies in Sri Lanka) K. H. I. Madushanka 1, M. Jathurika 2 1, 2 Department of Business and Management
More informationDeterminants of Capital Structure in Nigeria
International Journal of Innovation and Applied Studies ISSN 2028-9324 Vol. 3 No. 4 Aug. 2013, pp. 999-1005 2013 Innovative Space of Scientific Research Journals http://www.issr-journals.org/ijias/ Determinants
More informationJournal of Internet Banking and Commerce
Journal of Internet Banking and Commerce An open access Internet journal (http://www.icommercecentral.com) Journal of Internet Banking and Commerce, May 2017, vol. 22, no. S8 Special Issue: Mobile banking:
More informationInternational Standard on Auditing (Ireland) 240
International Standard on Auditing (Ireland) 240 The Auditor s Responsibilities Relating to Fraud in an Audit of Financial Statements July 2017 MISSION To contribute to Ireland having a strong regulatory
More informationEvaluating the Measures of Generating Internal Revenue for Government in Oyo State, Nigeria.
Evaluating the Measures of Generating Internal Revenue for Government in Oyo State, Nigeria. ABSTRACT AJALA, Oladayo Ayorinde Department of Management and Accounting Ladoke Akintola University of Technology,
More informationMonetary Policy and Nigeria s Economy: An Impact Investigation
International Journal of Economics and Finance; Vol. 9, No. 11; 2017 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Monetary Policy and Nigeria s Economy: An Impact
More informationA Survey of the Relationship between Earnings Management and the Cost of Capital in Companies Listed on the Tehran Stock Exchange
AENSI Journals Advances in Environmental Biology Journal home page: http://www.aensiweb.com/aeb.html A Survey of the Relationship between Earnings Management and the Cost of Capital in Companies Listed
More informationRelationship between Consumer Price Index (CPI) and Government Bonds
MPRA Munich Personal RePEc Archive Relationship between Consumer Price Index (CPI) and Government Bonds Muhammad Imtiaz Subhani Iqra University Research Centre (IURC), Iqra university Main Campus Karachi,
More informationLOAN MANAGEMENT AND THE PERFORMANCE OF NIGERIAN BANKS:AN EMPERICAL STUDY ISSN
LOAN MANAGEMENT AND THE PERFORMANCE OF NIGERIAN BANKS:AN EMPERICAL STUDY ISSN 2277-5846 Lawrence Imeokpararia Department of Financial Studies. Collage of Management Science Redeemer s university Mowe Ogun
More informationImpact of Corporate Social Responsibility on Financial Performance of Indian Commercial Banks An Analysis
Impact of Corporate Social Responsibility on Financial Performance of Indian Commercial Banks An Analysis Rajnish Yadav 1 & Dr. F. B. Singh 2 1 Research Scholar (JRF), Faculty of Commerce, Banaras Hindu
More informationInternational Standard on Auditing (UK) 240 (Revised June 2016)
Standard Audit and Assurance Financial Reporting Council July 2017 International Standard on Auditing (UK) 240 (Revised June 2016) The Auditor s Responsibilities Relating to Fraud in an Audit of Financial
More informationImpact of Oil and Gas Revenue on Gross Domestic Product and National Development in Nigeria ( )
ISSN (print): 2360-9036 ISSN (online): 2360-9004 Volume 5 Number 1, July 2015. Impact of Oil and Gas Revenue on Gross Domestic Product and National Development in Nigeria (1980-2010) 1 2 Rehanet Isa &
More informationPERFORMANCE EVALUATION OF PUBLIC, PRIVATE AND FOREIGN BANKS IN INDIA; AN EMPIRICAL ANALYSIS
PERFORMANCE EVALUATION OF PUBLIC, PRIVATE AND FOREIGN BANKS IN INDIA; AN EMPIRICAL ANALYSIS Mrs. Neetika Mahajan Research scholar, Department of commerce Himachal Pradesh University, Shimla Email ; Mahajanneetika18@gmail.com
More informationIJRTBT. Key words: Employee Training, Understanding of SAP, Information Technology, Accrual Basis
IJRTBT THE INFLUENCE OF EMPLOYEE TRAINING, UNDERSTANDING OF SAP, AND INFORMATION TECHNOLOGY ON THE IMPLEMENTATION OF THE ACCRUAL BASED ACCOUNTING IN THE GOVERNMENT OF PONTIANAK CITY Endang Kristiawati*
More informationCAPITAL BUDGETING AND RISK MANAGEMENT IN SMALL AND MEDIUM ENTERPRISES
CAPITAL BUDGETING AND RISK MANAGEMENT IN SMALL AND MEDIUM ENTERPRISES By Yusuf R. Babatunde, Ph.D Department of Accounting and Finance, Lagos State University, Ojo. Bolarinwa S. Abike Department of Accounting
More informationWILLIAM I. ESKIN, CPA. Presentation to : Southeastern Accounting Show FINANCIAL STATEMENT ANALYSIS/FRAUD. August 18, 2011.
WILLIAM I. ESKIN, CPA Presentation to : Southeastern Accounting Show FINANCIAL STATEMENT ANALYSIS/FRAUD August 18, 2011 Introduction What is Fraud? SAS No. 99 defines fraud as: an intentional act that
More informationPUBLIC SECTOR EXPENDITURE AND THE ECONOMIC DEVELOPMENT IN NIGERIA ( )
PUBLIC SECTOR EXPENDITURE AND THE ECONOMIC DEVELOPMENT IN NIGERIA (1999-2015) Omodero, Cordelia Onyinyechi ACA, MSc and Ph.D Scholar Department of Accounting, Michael Okpara University of Agriculture,
More informationThe Role of the Jordanian Banking Sector in Economic Development
International Business Research; Vol. 10, No. 4; 2017 ISSN 1913-9004 E-ISSN 1913-9012 Published by Canadian Center of Science and Education The Role of the Jordanian Banking Sector in Economic Development
More informationTHE IMPACT OF OPERATIONAL RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
International Journal of Economics, Commerce and Management United Kingdom Vol. IV, Issue 6, June 2016 http://ijecm.co.uk/ ISSN 2348 0386 THE IMPACT OF OPERATIONAL RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
More informationAn Appraisal of the Performance of National Poverty Eradication Programme (NAPEP) On Poverty Reduction in Bauchi State
IOSR Journal Of Humanities And Social Science (IOSR-JHSS) Volume 19, Issue 1, Ver. III (Jan. 014), PP 49-55 e-issn: 79-0837, p-issn: 79-0845. An Appraisal of the Performance of National Poverty Eradication
More informationFINANCIAL PERFORMANCE AND CORPORATE GOVERNANCE DISCLOSURE IN INDIAN AND NEPALESE COMMERCIAL BANKS
FINANCIAL PERFORMANCE AND CORPORATE GOVERNANCE DISCLOSURE IN INDIAN AND NEPALESE COMMERCIAL BANKS HIMAL BHATTRAI 1 Dr SHINU ABHI 2 Dr U.M PREMALATHA 3 1 Research Scholar, Reva University, Bangalore, India
More informationResearch Article Volume 6 Issue No. 5
DOI 10.4010/2016.1292 ISSN 2321 3361 2016 IJESC Research Article Volume 6 Issue No. 5 The Effect of Working Capital Management in the Liquidity of Nokia Corporation: A Study with Special Reference to the
More informationBudget Monitoring and Control in Selected Federal Ministries in Nigeria
Submission Date: 03/08/014 Accepted: 29/10/014 Published: 30/10/014 Subject Area of Article: Management Accounting Budget Monitoring and Control in Selected Federal Ministries in Nigeria By Dr. Abdullahi
More informationCHAPTER 2. Financial Reporting: Its Conceptual Framework CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS
2-1 CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS CHAPTER 2 Financial Reporting: Its Conceptual Framework NUMBER TOPIC CONTENT LO ADAPTED DIFFICULTY 2-1 Conceptual Framework 2-2 Conceptual Framework 2-3
More informationThe Auditor s Responsibility to Consider Fraud in an Audit of Financial Statements
Issued December 2007 International Standard on Auditing The Auditor s Responsibility to Consider Fraud in an Audit of Financial Statements The Malaysian Institute of Certified Public Accountants (Institut
More informationLEARNING OBJECTIVES:
Slide 2 LEARNING OBJECTIVES: Understand the Institutional Framework guiding Business formation and administration in Nigeria Understand the process of Company formation and the type that is best for your
More informationMacro-Economic Policies and the Performance of Nigerian Financial Institutions
International Journal of Management Science 207; 4(5): 66-7 http://www.aascit.org/journal/ijms ISSN: 2375-3757 Macro-Economic Policies and the Performance of Nigerian Financial Institutions Olatunji Eniola
More informationEFFECTS OF DEBT ON FIRM PERFORMANCE: A SURVEY OF COMMERCIAL BANKS LISTED ON NAIROBI SECURITIES EXCHANGE
EFFECTS OF DEBT ON FIRM PERFORMANCE: A SURVEY OF COMMERCIAL BANKS LISTED ON NAIROBI SECURITIES EXCHANGE Harwood Isabwa Kajirwa Department of Business Management, School of Business and Management sciences,
More informationABOUT THE PROGRAMME. The FCPA certification programme consists of 5 papers:
ABOUT THE PROGRAMME The Forensic Certified Public Accountant (FCPA) programme is a certification program developed by the FCPA Society of the United States of America. It is an internationally accepted
More informationArbitration: A Case Study in the Construction Industry
Arbitration: A Case Study in the Construction Industry Payal Dugane #1, Dr. Shrikant Charhate *2 # Student, Pillai HOC College of Engineering and Technology, Rasayani, India * Professor, Pillai HOC College
More informationIMPERATIVES OF CASH FLOW MANAGEMENT AS A TOOL FOR BUSINESS SUCCESS: AN EMPIRICAL SURVEY OF SELECTED FIRMS IN DELTA STATE NIGERIA
ISSN: 157-9385 Home page: www.arabianjbmr.com/jpds_index.php IMPERATIVES OF CASH FLOW MANAGEMENT AS A TOOL FOR BUSINESS SUCCESS: AN EMPIRICAL SURVEY OF SELECTED FIRMS IN DELTA STATE NIGERIA Okoroyibo Eloho
More informationThe relationship between pay policy dividends and earnings quality firms
International Research Journal of Applied and Basic Sciences 2014 Available online at www.irjabs.com ISSN 2251-838X / Vol, 8 (6): 667-674 Science Explorer Publications The relationship between pay policy
More informationOpinion on Receipts, Expenditure, Investment of Moneys and the Acquisition and Disposal of Assets by Statutory Boards
AUDIT GUIDANCE STATEMENT AGS 9 Opinion on Receipts, Expenditure, Investment of Moneys and the Acquisition and Disposal of Assets by Statutory Boards This Audit Guidance Statement was approved by the Council
More informationThe Role of Internal Control Components on Financing Activities in Jordan Islamic Bank (North Region)
International Journal of Economics and Finance; Vol. 10, No. 2; 2018 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education The Role of Internal Control Components on Financing
More informationDETERMINANTS OF AGRICULTURAL CREDIT SUPPLY TO FARMERS IN THE NIGER DELTA AREA OF NIGERIA
DETERMINANTS OF AGRICULTURAL CREDIT SUPPLY TO FARMERS IN THE NIGER DELTA AREA OF NIGERIA Okerenta, S.I. and Orebiyi, J. S ABSTRACT For effective administration of agricultural credit, financial institutions
More informationEffects of Interest Rate on the Profitability of Deposit Money Banks in Nigeria
Effects of Interest Rate on the Profitability of Deposit Money Banks in Nigeria Samson Adetunji, Oladele E-mail: adetunji.oladele@yahoo.com Michael Olushola Amos Department of Banking and Finance, Federal
More informationTax Rate Changes and its Impact on Tax Burden Leading to Tax Evasion Practices With Reference to the Individual Taxpayers in India
International Journal of Humanities and Social Science Invention ISSN (Online): 2319 7722, ISSN (Print): 2319 7714 Volume 6 Issue 1 January. 2017 PP.26-30 Tax Rate Changes and its Impact on Tax Burden
More information"Observations On Auditors' Implementation Of PCAOB Standards Relating To Auditors' Responsibilities With Respect To Fraud"
Summary of the Public Company Accounting Oversight Board (PCAOB) report titled "Observations On Auditors' Implementation Of PCAOB Standards Relating To Auditors' Responsibilities With Respect To Fraud"
More information2 4 Generally accepted auditing standards are the Statements on Auditing Standards issued by the Auditing Standards Board.
CHAPTER 2 Professional Standards Review Questions 2 1 The Sarbanes-Oxley Act of 2002 created the PCAOB and gave this body authority to develop auditing standards for the audits of public companies. The
More informationInternational Journal of Scientific Engineering and Science Volume 2, Issue 9, pp , ISSN (Online):
Relevance Analysis on the Form of Shared Saving Contract between Tulungagung District Government and CV Harsari AMT (Case Study: Construction Project of Rationalization System of Public Street Lighting
More informationAnAnalysisofContributionsofHouseholdSectorPrivateCorporateSectorandPublicSectorinGrossDomesticSavingsandThusGrossCapitalFormationofIndia
Global Journal of Management and Business Research: B Economics and Commerce Volume 15 Issue 2 Version 1.0 Year 2015 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals
More informationIMPACT ASSESSMENT OF THE ROLE OF NIGERIAN STOCK EXCHANGE ON THE ECONOMIC DEVELOPMENT OF NIGERIA
IMPACT ASSESSMENT OF THE ROLE OF NIGERIAN STOCK EXCHANGE ON THE ECONOMIC DEVELOPMENT OF NIGERIA Okoh Lucky Department of Business Administration, Delta State Polytechnic, Ozoro, Nigeria. E-mail: luckyokoh4christ@yahoo.com
More informationAnalysis of Risk of Breach of Security in E-Banking
25 Analysis of Risk of Breach of Security in E-Banking Dr. Sultan Singh, Department of Business Administration, Chaudhary Devi Lal University, Sirsa, Haryana (India) Sarthak Singh, Department of Commerce,
More informationStandardization of Accounting InformationThrough Ipsas and Public Finance Accountability: a Perspective from Taita-Taveta County, Kenya
IOSR Journal of Business and Management (IOSR-JBM) e-issn: 2278-487X, p-issn: 2319-7668. Volume 18, Issue 11. Ver. V (November. 2016), PP 72-76 www.iosrjournals.org Standardization of Accounting InformationThrough
More informationDisclosure of related party transactions and information regarding transfer pricing by the companies listed on Bucharest Stock Exchange
Accounting and Management Information Systems Vol. 15, No. 4, pp. 785-809, 2016 Disclosure of related party transactions and information regarding transfer pricing by the companies listed on Bucharest
More informationFINANCIAL STATEMENT FRAUD: DETAILED LOOK AT UNCOVERING CREATIVE ACCOUNTING FRAUD: P R E S E N T E D B Y : J O H N E K A D A H
FINANCIAL STATEMENT FRAUD: DETAILED LOOK AT UNCOVERING CREATIVE ACCOUNTING FRAUD: P R E S E N T E D B Y : J O H N E K A D A H Definitions Financial statement frauds is the deliberate misrepresentation
More informationThe Effect of Market Valuation Measures on Stock Price: An Empirical Investigation on Jordanian Banks
International Journal of Business and Social Science Vol. 8, No. 3; March 2017 The Effect of Market Valuation Measures on Stock Price: An Empirical Investigation on Jordanian Banks Abstract Lina Hani Warrad
More information