Improving Quality of Financial Reporting Through Good Government Governance and Effectiveness of Internal Audit

Kewo, Cecilia Lelly; Mamuaya, Nova

doi:10.32479/ijefi.8734

Cited by 9 publications

(16 citation statements)

References 4 publications

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“…Similarly, Dewi et al (2019); Surbakti (2018); Wahyuni et al (2019) found that internal controls positively influence the quality of financial statements. Similar findings were reported by Kewo and Afiah (2017) using survey data from 66 LGAs and found that internal control systems affect the quality of financial statements.…”

Section: Internal Control and Quality Of Financial Statement In Gover...supporting

confidence: 87%

Effects of Internal Control Weaknesses, Financial Independence and Size on Quality of Financial Statements in the Tanzanian Local Government Authorities

Al-Beity

2022

BMR

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This study examines the relationship between internal control weaknesses (ICWs), independence, and size on the quality of financial statements of local government authorities (LGAs) in Tanzania. The analysis is based on data from a large sample of LGAs’ financial statements for four years from FY 2010/11 to FY 2013/14. The study employed logistic regression to examine whether ICWs (fraud prevention plan, risk management, accounting system, and IT controls), financial independence, and size of LGAs determine financial statement errors/restatements in the LGAs. The study shows that large and financially dependent LGAs with accounting system ICWs are more likely to have lower financial statement quality. However, other ICWs (IT controls, fraud prevention, and risk management) results were insignificant. These results may be attributed to the level of compliance and implementation of the parent ministry’s directives among LGAs. Therefore, practitioners and policymakers should ensure that LGAs not only adopt directives/policies but also fully comply and implement with their requirements as well as build financial management capacity to increase LGAs’ financial independence.

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Section: Internal Control and Quality Of Financial Statement In Gover...supporting

confidence: 87%

Effects of Internal Control Weaknesses, Financial Independence and Size on Quality of Financial Statements in the Tanzanian Local Government Authorities

Al-Beity

2022

BMR

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“…Accounting digitization helps measure financial performance (mean value 4.650), makes finances controllable (mean value 4.450), and can produce internal reports accurately and on time (mean value 4.425). The survey results are in line with the conclusions of previous research that digital accounting can improve the quality of financial reporting (Andreassen, 2020;Kewo & Afiah, 2017;Mulyani, 2021: Fathony et al, 2020 and reduce the risk of information asymmetry between users and related parties (Copeland & Galai, 1983;Shan & Troshani, 2021). The research hypothesis (F test) was tested using simple linear regression analysis and showed a relationship between the independent variable (X) and the dependent variable (Y) at a level of significance (α) of 5%.…”

Section: Figure 3 the Accounting System Designsupporting

confidence: 86%

Development of the Digital Accounting and Its Impact on Financial Performance in Higher Education

Nurhayati

Azis²,

Setiawan³

et al. 2023

JESR

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The emergence of digital society in industry 4.0 is one of the most visible changes in the XXI century. The creation of digitization has led to significant changes in accounting and financial management as features of an innovative University. This study aims to analyze the development of digital accounting and examine its impact on economic performance in higher education by using IBM SPSS Statistics 25 and the feasibility of the investment using the payback period approach. The development of digital accounting is based on a web 2.0-based ICT system using the Software Development Life Cycle (SDLC) method with the waterfall model and applying the latest financial accounting standards. Analysis of the impact of accounting digitization was carried out on 247 educational staff as a population and involved 152 respondents as samples selected using the Slovin formula. Data analysis consisted of descriptive statistics, correlation, and multiple regression analysis with an error rate of 5%. The findings showed a positive correlation between financial performance and accounting digitization. Accounting digitization significantly affected financial arrangement with a P-value of 0.000 is smaller than the alpha (α) of 0.05 or sig.T< 0.05, which means significant. The investment feasibility test using the payback period concludes that digital accounting is feasible to implement in higher education. The eligibility criteria based on the results of calculating the rate of return on investment is three years and two months, faster than the required payback period of four years. Received: 18 December 2022 / Accepted: 10 February 2023 / Published: 5 March 2023

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“…) ‫ب‬ ‫تةتب‬ ‫اس‬ ‫تؽباثار‬ ‫تابم‬ ‫تدتباثعاث‬ ‫تابيث‬ ‫ثل‬ (Kubickova and Jindrichovska, 2016;Ramdany, 2015 Arisandi, et al, Dashtbayaz, et al, 2019;Sitorus, et al,2019;Widyaningsih, 2016;Hu,et al,2021 Hu,et al,2021;Barth,et al, (Hu.et al,2021;Sitorus,et al,2019;Rashedi and Dargahi, 2019 (Krishnan,et al,2020;Dashtbayaz,et al,2019;Doyle,et al,2007 (Seifzadeh,et al,2022;Qawazeh,et al,2021;Krishnan,et al,2020 (Kewo and ;Ramdany,2015;Rubino andVitolla,2014Arisandi,et al,2022;Hu,et…”

Section: ‫ملخص‬ ‫البحث‬mentioning

confidence: 99%

العلاقة بین فاعلیة هیكل الرقابة الداخلیة وقابلیة القوائم المالیة للمقارنة فی ظل الأثر المعدل لخصائص مجلس الإدارة: دراسة تطبیقیة على الشركات المقیدة بالبورصة المصریة

موسى¹

2023

مجلة الاسکندریة للبحوث المحاسبیة

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The research aimed to study and test the impact of the effectiveness of the internal control structure on the financial statements comparability, as well as to test the impact of some of the characteristics of the board of directors on this relationship. To achieve the aim of the research, the previous accounting studies were analyzed to derive the research hypothesis. Then, an applied study was conducted on a sample of companies listed on the Egyptian Stock Exchange during the period from 2019-2021.The research concluded that there is a positive but not significant effect of the effectiveness of the internal control structure on the financial statements comparability, as well as there is a positive and significant effect of the financial and accounting experience of the members of the Board of Directors on the relationship between the effectiveness of the internal control structure and the financial statements comparability. While there is no significant effect for either the presence of founding members in the Board of Directors or the political connections of the members of the Board of Directors, on the relationship between the effectiveness of the internal control structure and the financial statements comparability.

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Improving Quality of Financial Reporting Through Good Government Governance and Effectiveness of Internal Audit

Cited by 9 publications

References 4 publications

Effects of Internal Control Weaknesses, Financial Independence and Size on Quality of Financial Statements in the Tanzanian Local Government Authorities

Effects of Internal Control Weaknesses, Financial Independence and Size on Quality of Financial Statements in the Tanzanian Local Government Authorities

Development of the Digital Accounting and Its Impact on Financial Performance in Higher Education

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