Department of Accounting

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Browsing Department of Accounting by Author "Adeyemi, Semiu Babatunde"

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  • Item
    Open Access
    Determinants of demand and supply of accounting and audit services in SMEs: Evidence from Nigeria
    (Journal of Accounting and Management Information Systems, Bucharest University of Economic studies, 2015) Adeyemi, Semiu Babatunde; Udofia, Ini Etete; Obah, Sunday
    The study investigated the factors that determine the demand and supply of accounting and audit services in small and medium enterprises (SMEs), with evidence from Lagos, Nigeria. It also sought to know whether accounting and audit services contribute to the success of SMEs. The study made use of survey design. Using a structured questionnaire, evidence was collected from 380 respondents comprising of 300 SME owner-managers and 80 accounting firms. The data collected were analysed using both the descriptive and inferential statistics. The research findings indicated that owner-managers’ characteristics, legal structure, education of managers, possession of accounting skills by managers and capital structure influence demand, while legal structure, attitude towards marketing, Government policy and owner-managers’ characteristics influence supply of accounting and audit services. Findings also indicated that services of accountants and auditors have significant influence on the success of SMEs. The study recommended that owner-managers of SMEs should be given proper orientation on the importance of accounting and audit services to the success of their business. It was also recommended that Government should make the preparation and filing of audited accounts of SMEs mandatory, especially in order to render financial assistance to SMEs with a view to enhancing their socio-economic relevance. Accountants were also advised to take their services to the SMEs rather than waiting for the SME owner-managers to voluntarily call for their services.
  • Item
    Open Access
    The Integrated Reporting (IR) framework implementation in Nigerian listed companies
    (Global Journal of Accounting, Department of Accounting, University of Lagos, 2020) Udofia, Ini Etete; Fagboro, Gabriel Damilola; Adeyemi, Semiu Babatunde
    Research efforts have supported the need for multi-dimensional reporting that comprises of financial, non-financial, social and environmental components. This paper investigates the readiness of Nigeria to adopt Integrated Reporting (IR) by evaluating the level of compliance of the annual reports of quoted companies in Nigeria to IR framework as developed by the International Integrated Reporting Council (IIRC). A total of 90 companies from 170 quoted companies on Nigeria Stock Exchange were selected based on the criteria that the companies had available annual reports for the period 2013-2017, these companies had neither been delisted nor merged with other companies during the period of study. The annual reports of the selected 90 quoted companies from 2013-2017 were content analysed using the disclosure index developed by Kilic and Kuzey (2018) to measure the IR Disclosure Score (IRDS) of each of the sampled companies. It was found that Nigerian listed companies’ reports comply with about 75% of the IR framework requirements. The most compliant companies were in the financial sector, followed by manufacturing, extractive and other sectors. The least disclosed IR content element in all the sectors was performance. Companies were not able to articulate the extent which the objectives of the organisation was achieved using key performance indicators (KPIs) especially the connectivity between financial and non-financial performance disclosures. In order to drive IR adoption, regulatory authorities such as the Financial Reporting Council of Nigeria (FRCN) and Securities and Exchange Commission (SEC) should provide needed support in the area of technical and infrastructural resources which would encourage early adoption of the IR framework in Nigeria