Development banks were designed to achieve the government's economic priorities that were not adequately addressed by the banking industry. Studies, however, show that the activities of some development banks in Nigeria have not been as impacting as expected for different reasons, which include lack of access to finance. This study investigated the impact of International Financial Reporting Standards (IFRS) adoption and corporate governance on the faithful representation of the financial reporting quality in Nigeria's development banks. The study adopted a survey research design. The study adopted a convenience sampling technique. The validity and reliability test of the instrument was conducted on the variables. The reliability test was analyzed using Cronbach's alpha test, and all variables were greater than 0.7, indicating a good construct. The study used descriptive and inferential (multiple linear regression) data analysis methods. The study's findings revealed that IFRS adoption and Corporate governance significantly affect the faithful representation of financial reporting of Nigeria's Development Banks. The study concluded that IFRS adoption and corporate governance significantly affect the faithful representation of the financial reporting quality in Nigeria's development banks. The paper recommended that the management of the development banks should endeavor to take advantage of the opportunities presented by the IFRS adoption to improve their reporting to promote uniformity and transparency.
Internally Generated Revenue (IGR) constitute a small fraction of total revenue in most Local Government (LG), this has been a major factor to persistent insufficient funds experienced in LG. Constant paltry revenue in LG has led to inefficient service delivery and also perceived to have adversely affected LG performance and budget implementation. Therefore, there is need to diversify the IGR base of LG, this calls for study on how to boost IGR in LG with focus on Signage and Advertisement Revenue (SAR). Studies have been conducted on IGR, but not many studied the effect of SAR on IGR. Therefore, this study examined the probable effect of SAR on IGR of LG in Lagos State, Nigeria. The study employed exploratory research design. Secondary data were extracted from Auditor’s General Report 2015-2021, these were analysed with descriptive and inferential statistics at 5% level of significance. The study revealed that SAR positively have effect on total IGR (Adj.R2=0.713431, F(1,7)=347.0494, p=0.000). The study concluded that SAR has significant effect on IGR of local government and that SAR contribute maximally to total IGR of LG. The study further recommends that mechanism for enhancing IGR in LG should be entrenched while revenue automation is critical for efficient signage and advertisement revenue generation. LG should also ensure that IGR are invested on provision of goods and services that would enhanced citizens’ trust and payer revenue compliance. In addition, policies should be put in place to make IGR a priority for stimulating LG growth and development.
Economic and financial fraud instances have risen over the past few years. However, fraud is a dynamic phenomenon, and new ways to defraud people, businesses, even government and the environment as a whole, appear every day. Adopting significant accounting techniques and fraud detection measures that are capable of identifying and preventing any type of fraud, regardless of how complex, is therefore imperative. The forensic accounting technique is one of these methods. This is one of the types of techniques that is primarily responsible for the investigation of fraud and is created primarily in the field of public and private finances. This study therefore examines the effect of forensic accounting techniques on attainment of results in Federal Government parastatals in Nigeria. The study adopted survey research design. The population of the study was 5 federal government agencies. Purposive sampling technique was used to select 2 agencies. The target population of the study was 131 accountants in the two agencies chosen- Nigeria Port Authority and Nigeria Civil Aviation Authority. Total enumeration was adopted. A validated and structured questionnaire was used to administer 131 copies of the questionnaire to the respondents. 126 copies were retrieved which represented 96% response rate. The Cronbach alpha reliability coefficients ranged from 0.740 – 0.892. The data were analyzed using descriptive and inferential (multiple regression) statistics at 5% level of significant. The result found that forensic accounting techniques had significant effect on output maximization in public sector of Nigeria (Adj. R2 = 0.183; F(6, 125)= 7.995, p < 0.05). The study concluded that forensic accounting techniques had a significant positive effect on attainment of result (effectiveness). The study recommended that government should adopt forensic accounting investigation techniques in corruption investigation significantly achieve attainment of results in government parastatals.
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