Suchergebnisse

In recent years, internal and external investors have lost confidence in Nigeria due to insecurity, energy (power), economic instability, and governance. Although the government is trying to overcome the menace, there are still unresolved issues in the aspect of the challenges above, which affect value relevance and accounting information in ensuring the perpetual existence of companies in Nigeria. As such, the study examined the value relevance of accounting information of listed conglomerate companies in Nigeria. The study population comprises six companies: UAC Nigeria Plc, Chellarams Plc, SCOA Nigeria Plc, John Holt Plc, Transnational Corporation of Nigeria Plc, and Custodian Investment Plc. The data was extracted from their annual report and accounts. Descriptive statistics correlation regression was conducted in the study. The result shows that return on share price has a significant negative relationship with dividend per share. The study recommends that standards comply in reporting and disclosing all accounting information in the published financial statement to maintain value relevance and attract more investors.

Going concern describes the company's ability to maintain its business continuity. The auditor can issue a going concern audit opinion if the company's condition is doubtful in its business continuity. Based on this premise, this study investigated the effect of corporate governance mechanisms on the going concern likelihood of Deposit Money Banks (DMBs) in Nigeria. The study used an ex post facto research design. The secondary data source was collected from the published annual financial reports of the studied DMBs in Nigeria. The study covered fifteen DMBs in Nigeria, ranging from 2013 to 2021. The data collected were analysed using logistic regression analysis using STATA software. Findings from the research show that board financial expertise and independence negatively and significantly affect the likelihood of DMBs in Nigeria. The study also indicates audit firms' size positively affects going concern likelihood. While audit tenure shows a negative and significant impact on the going concern likelihood of DMBs in Nigeria. Based on the above findings, the study recommends that the authorities ensure that the board has the requisite financial expertise to oversee the financial reporting, risk management, and decision-making of the DMB. The regulatory authorities should also investigate cases of perceived failure of the board to perform its oversight function and take appropriate disciplinary actions against erring board members.

This study examines the impact of board composition on the degree of financial reporting quality of consumer goods companies listed on the Nigerian Stock Exchange between 2016 and 2021. Samples of thirteen businesses were selected after using two filters. The study employed an ex post facto methodology, and secondary data were extracted from the population's annual reports and accounts. Regression utilising the Ordinary Least Square Model was used to test the hypotheses. An increase in the number of specialists on the board will help consumer goods companies' financial reporting because it was discovered that board expertise is essential and positively correlated with financial reporting quality.On the other hand, it was discovered that board diversity and independence were unimportant and irrelevant to the accuracy of financial reporting. The study concludes that board attributes, particularly board expertise, influence the quality of financial reporting. Accordingly, listed consumer goods firms should prioritise board expertise by increasing the number of non-executive members on the board who are knowledgeable about accounting, have professional certifications, and have a wealth of work experience to reduce management manipulations and halt fraud in the company.