INTERNAL CONTROL SYSTEM AND FINANCIAL REPORTING QUALITY
 /  INTERNAL CONTROL SYSTEM AND FINANCIAL REPORTING QUALITY

INTERNAL CONTROL SYSTEM AND FINANCIAL REPORTING QUALITY


Offor, T.N. PhD, Evbota Cephas.I. B.Sc; M.Sc, Osemwegie O. Joy
ABSTRACT
The study examines the impact of internal control system on financial reporting quality in Nigeria based on a sample of 10 companies’ annual reports for the years 2010-2013. The data were analysed and result estimated using ordinary least square regression which was complemented with the panel data estimation technique. The findings revealed that there is a positive relationship between internal control, accrual, cash from operating activities and financial reporting quality in Nigeria. It was also observed that there is a negative relationship between firm size and financial reporting quality. The study recommends that there should be legislations to strengthen the dealings of organisations; this would ensure that the various internal control components that have the potential to impair the quality of financial reports are properly managed and improved upon. The professional bodies should also ensure that their members in practice are properly regulated in the discharge of their audit assignments. This will help to restore the quality placed on financial statements.

Journal Article
PDF, 137.2 KB
Creative Commons LicenseCreative Commons license
Accounting, Banking and Finance
N/A
Internal Control System and Financial Reporting Quality.
Christian Bassey
17th April, 2018
17th April, 2018
http://oer.mciu.edu.ng/wp-content/uploads/2015/04/EVBOTA-CEPHAS-INTERNAL-CONTROL-SYSTEM-AND-FINANCIAL-REPORTING-QUALITY.docx


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