Department of Accounting

Permanent URI for this community

https://ir.unilag.edu.ng/handle/123456789/3531

Browse

Browsing Department of Accounting by Author "Adeyemi, S. B."

Now showing 1 - 10 of 10
  • Item
    Open Access
    Budgetary slack and managerial performance of manufacturing companies in Nigeria’s environmental uncertainty
    (African Journal of Contemporary Issues. Faculty of Social and Management Sciences, University of Buea, Cameroon, 2015) Adeyemi, S. B.; Udofia, I. E.
    The study examined the moderating influence of environmental uncertainty on the relationship between budgetary slack and managerial performance in Nigerian Manufacturing companies. This was informed by literature which has argued that managers cannot adequately predict conditions in their business environment; hence to cope with environmental uncertainties and assure performance, they introduce slack in the budget. It was found that environmental uncertainty significantly influences managerial performance. Budgetary slack was also found to have a non mediating relationship between environmental uncertainty and managerial performance. It was recommended that stricter budgetary controls, review of performance evaluation criteria, and reduced emphasis on achieving budgetary targets should be implemented by the management of the organisation
  • Item
    Open Access
    Corporate governance and the credibility of financial statements in Nigeria
    (Journal of Business Systems, Governance and Ethics, Victoria University, Australia, 2009) Dabor, E. L.; Adeyemi, S. B.
    Optimal decision-making is based on the quality of information available to the decision maker. Financial statements published by companies are the major sources of financial information available to investors and other stakeholders of the company. The credibility of these financial statements has very salient implications for the quality of decisions that investors can make. By using primary data collected from two hundred and forty eight respondents, and secondary data from twenty quoted companies in Nigeria, we sought to determine the relationship between corporate governance and the credibility of financial statements. The secondary data was analysed using multiple regression, while the primary data was used to test hypotheses using the chi-squared test. We find that including non-executive directors on the board, and compliance with audit committee composition as provided by the Nigerian Companies and Allied Matters Act (CAMA) 1990 are likely to enhance the credibility of financial statements. We did not find evidence to suggest that CEO duality or absence of institutional shareholding would have negative effect on the credibility of financial statements. We recommend that apart from including non-executive directors on the board and ensuring that the composition of the audit committee complies with corporate regulatory framework, stakeholder must constantly assess the credibility of the financial statements by assessing the benefits accruing to them in relation to their financial exposure to the organization.
  • Item
    Open Access
    An empirical investigation of the audit expectation gap in Nigeria
    (African Journal of Business Management, 2011-09) Adeyemi, S. B.; Uadiale, O. M.
    The audit expectation gap (AEG) is denoted as the difference between what the public expects from an audit function and what the audit profession accepts the objective of auditing to be. The existence of an audit expectation gap is likely to be detrimental to the value of auditing and the well-being of the auditing profession as the contribution of auditing may not be fully recognized by society. This has stirred a number of professional and regulatory reforms aimed at protecting shareholders who rely on the financial statements for decision purposes. In spite of the existence of research pointing to the difference between what the public expects from audit and what the audit profession accepts as the objective of auditing, there appears to be paucity of research on how to address this issue in Nigeria. Therefore, this research investigates whether audit expectation gap exists in Nigeria and the perception of the users’ group on its existence. Respondents view was also sought on how the gap could be narrowed. Three hypotheses were formulated and tested using the analysis of variance. The study reveals that an audit expectation gap exists in Nigeria, particularly on issues concerning auditor’s responsibility. It was also observed that there are significant differences in the perception of respondent groups on the existence of the audit expectation gap in Nigeria. Therefore, the study suggests educating the public about the objects of an audit, auditors’ role and responsibilities to narrow the audit expectation gap.
  • Item
    Open Access
    Gray Directors, Ivy leagues and International business schools affiliations: Empirical review of firm value.
    (Enterpreneurial Journal of Management Sciences, Al-Hikma Univesity, Ilorin, 2015) Tijani, O. M.; Adeyemi, S. B.
    Using a sample of banks quoted on the Nigerian Stock Exchange during the 2006-2013 periods, the paper investigates the role of prestige and social networks acquired through directors’ affiliation with World Renowned Business and Ivy League schools in the selection of outside directors, and the subsequent effect on the firm value. The study finds that the appointments of gray directors with these characteristics have no effect on firm value and professional networks made of alumni from renowned Business and Ivy League Schools have significant relationship with the number of positions held by individual director
  • Item
    Open Access
    Impairment testing of intangible assets and quality of financial reporting of Nigerian manufacturing companies
    (Global Journal of Accounting, Department of Accounting, University of Lagos, 2019) Adeyemi, S. B.; Omobude, S. I.; Udofia, I. E.
    This study was carried out to investigate impairment testing of intangible assets as it affects the quality of financial reporting in Nigerian manufacturing companies, considering the conflicting interests of managers and owners of corporate firms, as established by the agency theory. Secondary data mainly audited annual reports for two years -2012 and 2013 of 50listed manufacturing companies which comprised the sample size for the study, were used and necessary data extracted for analysis. Descriptive and inferential statistics were employed, while the test of hypotheses and other analysis were carried out with the aid of SPSS version 17.0. The test revealed that listed corporate firms in Nigeria are complying with IFRS 3 and IAS 36, IAS 38 on impairment testing except disclosure requirement which has very low compliance rate. The study concludes that the carrying out of this test must be absolute and in full compliance with IFRS and relevant provisions of CAMA 2004, as amended, specifically disclosure requirement provision on impairment losses or gain, because this ensures that annual reports, published by these companies, truly reflect the companies’ net worth and values; since users of such financial information place reliance on them for investment and other purposes which have financial implications. The study recommends that regulatory bodies should more vigorously increase enforcement of compliance with IFRS in the preparation and presentation of annual reports and accounts for improved quality of financial information.
  • Item
    Open Access
    The perception of ethics in auditing profession in Nigeria
    (Journal of Accounting and Taxation, 2011-11) Adeyemi, S. B.; Fagbemi, T. O.
    The purpose of the study is to provide evidence on ethics, legitimacy of auditing profession and the future outlook of the profession in Nigeria by obtaining responses from external auditors, industry and academic accountants as well as auditing students. In spite of the existence of research pointing to the link between corporate scandal and loss of public confidence, there is paucity of research focused on the future of the profession in the midst of these challenges in Nigeria. Using a survey design, the questions that were raised in the study were tested with the use of statistical tools for population means and level of significance tests. In essence, analysis of variance was carried out on the responses of the groups of respondents which were surveyed. Findings from the study show that there is no significant difference in the perception of respondent groups on the need for auditors to abide by high ethical standard and the need to shape the views of new entrants to the profession. However, respondents have different perception on the decline of core values which attracted them to the profession. The study suggests that there is the need for the profession to gear its effort towards shaping the views of new entrants to the profession in Nigeria, ensure adherence and enforcement of high ethical standard. Regulation of the profession should be targeted towards restoring the confidence of users of financial statements in financial reporting in Nigeria.
  • Item
    Open Access
    Personal factors as predictors of students academic achievement in colleges of education in South Western Nigeria
    (Educational Research and Reviews, 2014) Adeyemi, A. M; Adeyemi, S. B.
    Educational stakeholders have continued to express concerns over the poor academic performance of Nigerian students at virtually all levels of academic engagements. This paper investigated personal factors as predictors of students’ academic performance in the South-Western Nigeria. The study employed the ex post facto design using a survey design and a multiple regression model. The samples used for the study consisted of 1,100 (200 and 300) National Certificate of Education (NCE) students in Federal, State and Private NCE-awarding institutions in South Western Nigeria, using stratified sampling techniques. The validated research instruments used for the study had the following psychometric properties: Cronbach alpha (α) [0.79 (students) and 0.73 (lecturers); Guttman split-half 0.78 (students) and 0.71 (lecturers; and Spearman-Brown equal length results were 0.69 (students) and 0.70 (lecturers)]. The study found that a number of personal factors like students’ interests, home environment, parental support and study habits were significant predictors of students’ academic achievement in the Colleges of Education sampled. On the other hand, students’ perception of course and self-concept were not found to be significant predictors of academic achievement. The studyproffered a number of recommendations to improve the quality of educational policy outcomes geared towards improving students' educational performance and hence enhance the achievement of national economic goals
  • Item
    Open Access
    Regulatory perspective for deepening CSR disclosure practice in Nigeria
    (African Journal of Business Management, 2015-03) Adeyemi, S. B.; Ayanlola, O. S.
    The purpose of this study is to assess the need for a regulation of Corporate social Responsibility (CSR) disclosure practices, and exposes the minds of users of accounting information on their understanding of CSR disclosure practices of listed non-financial sector Entities in Nigeria. Findings based on ANOVA analysis show that voluntary disclosure practices by entities alone will not be effective in curbing the inadequacy of CSR disclosure by listed non- financial sector entities. The study recommends the regulation of CSR disclosure practices.
  • Item
    Open Access
    Stakeholders’ perception of the independence of statutory auditors in Nigeria
    (Serbian Journal of Management, Belgrade University, Serbia, 2011) Adeyemi, S. B.; Akinniyi, O. K.
    The study examines Stakeholders’ perception of the independence of statutory auditors in Nigeria. The authors find that size of audit fee was the most influencing factor capable of impairing auditors’ independence in Nigeria. The study recommends an updating of obsolete laws to make them more relevant to contemporary demands of corporate governance.
  • Item
    Restricted
    Tax aggressiveness and timeliness of financial reporting in Nigeria financial sector
    (Academy of Accounting and Financial Studies Journal, 2021) Asiriuwa, O.; Adeyemi, S. B.; Uwuigbe, O. R.; Uwuigbe, U.; Ozordi, E.
    This research explores the effect of tax aggressiveness on the timeliness of financial reporting. This research, comprising a survey of 50 companies operating in Nigeria's financial sector, gained insights from the stakeholders’ theory to investigate the impact of tax aggressiveness on the timeliness of financial reporting. Tax aggressiveness was measured using variables such as tax avoidance, taxable income, book-tax difference and book effective tax rate. We analysed the data using the logistics regression method. Empirically, the results showed that there is a significant positive association between the tax avoidance and the timeliness of financial reporting. Taxable income revealed a positive and significant relationship with timeliness of financial reporting. Book-tax difference indicates a negative and an insignificant relationship to the financial reporting timeliness. While, book effective tax rate revealed a positive and insignificant association with the timeliness of financial reporting. Overall, this indicates that Nigerian financial firms' tax aggressiveness has a bigger effect on the timeliness of financial statements. It therefore recommends that corporate strategies and policies should take into account the tax planning and structure when drawing up the company’s strategic framework.