Audit Tenure and Financial Reporting Quality of Listed Nigerian Deposit Money Banks (2008-2018)
Oladejo Abiodun Oyebamiji
Issue:
Volume 8, Issue 4, July 2022
Pages:
81-88
Received:
3 December 2021
Accepted:
3 February 2022
Published:
28 July 2022
DOI:
10.11648/j.ebm.20220804.11
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Abstract: This study investigated the effect of audit tenure on financial reporting quality of Nigerian Deposit Money Banks (DMBs). This was with a view to providing information on the relationship between audit rotation and financial reporting quality of Nigerian Deposit Money Banks. The study employed secondary data. The study population comprised all the 20 listed Deposit Money Banks (DMBs) on the Nigerian Stock Exchange. Purposive sampling technique was adopted to select 13 banks whose data were readily available and accessible, and stocks were actively and consistently traded on the stock market. Data for audit tenure, audit committee independence, board size, financial condition and financial reporting quality were sourced from the audited financial statements of the selected DMBs and the Nigerian Stock Exchange Factbook over a period of 11 years (2008-2018). Data collected were analysed using Random Effect method. The results showed that audit tenure had a positive and significant relationship with financial reporting quality (t = 2.183 p < 0.05). Moreover, financial condition had a negative and significant relationship with financial reporting quality (t = -2.892 p < 0.05). The study concluded that audit tenure had strong influence on financial reporting quality of Nigerian Deposit Money Banks. The results indicated that audit tenure in Nigerian environment is consistent with learning effect theory as financial reporting quality is positively related to audit tenure.
Abstract: This study investigated the effect of audit tenure on financial reporting quality of Nigerian Deposit Money Banks (DMBs). This was with a view to providing information on the relationship between audit rotation and financial reporting quality of Nigerian Deposit Money Banks. The study employed secondary data. The study population comprised all the ...
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Evaluating the Effectiveness of Inventory Management Practice and Its’ Challenges on Manufacturing Companies in Yirgalem Agro-Industrial Park, Ethiopia
Issue:
Volume 8, Issue 4, July 2022
Pages:
89-98
Received:
10 August 2022
Accepted:
8 September 2022
Published:
27 September 2022
DOI:
10.11648/j.ebm.20220804.12
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Abstract: The goal of managing inventory is to maintain optimum level balance within a manufacturing firm because excess and inadequate inventory are not desirable. Effective inventory management is leads the high success of any company specifically in the manufacturing industry is undeniable. The primary purpose of this study was to evaluate the effectiveness of inventory management practices and the challenges of manufacturing companies operating in Yirgalem agro-industrial parks, Ethiopia. The descriptive research design with a mixed approach was adopted. Primary and secondary data source was used. Primary data collected through open and closed-ended questionnaires, interviews, and field observation methods. The secondary data was collected from empirical publications research and books. Total of 18 respondents’ were selected purposively. Percentage, mean average, and narrative techniques were used to analyze the collected data. The result revealed that, the effectiveness of inventory management practice in manufacturing companies operating in Yirgalem agro-industrial parks was moderate. Also, as the result showed the companies adopted EOQ, JIT, ABC, and MRP and also both computerized and manual inventory techniques. The study recommended that, the companies should improve the inventory management practice effectiveness level to be more successful. However, the trend of classifying the inventory items as classes A, B, and C, based on cost volume should be improved. Besides, the study found that, the supply chain relationship of companies was good, but needs to create more linkage with suppliers to get sufficient raw material for production. Additional investors should be attracted and motivated by governments through good advertising about the Yirgalem agro-industrial park, implementing appropriate tax strategy, and may facilitate long-term loan for local investors to generate sufficient intended economic contribution for the country, Ethiopia.
Abstract: The goal of managing inventory is to maintain optimum level balance within a manufacturing firm because excess and inadequate inventory are not desirable. Effective inventory management is leads the high success of any company specifically in the manufacturing industry is undeniable. The primary purpose of this study was to evaluate the effectivene...
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