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Factors Influencing Professional Skills Among Accounting Students at KwaZulu-Natal Universities. NOMLALA, Bomi Cyril; MVUNABANDI, Jean Damascene
International Journal of Environmental, Sustainability, and Social Science Vol. 4 No. 4 (2023): International Journal of Environmental, Sustainability, and Social Science (Jul
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v4i4.605

Abstract

Employers are increasingly expressing concern that the majority of recent graduates lack professional skills. In addition, it is unknown whether students pursuing accounting degrees in professionally accredited institutions are more financially savvy than those in non-accredited institutions. 1582 undergraduate accounting students at the University of KwaZulu-Natal (UKZN), Mangosuthu University of Technology (MUT), and Durban University of Technology (DUT) were surveyed using self-administered questionnaires. The data was analysed using Statistical Package for the Social Sciences version 25 (SPSS 25). The results indicated that the majority of respondents were female. 72.6 percent of respondents are influenced by South African Institute of Charted Accountants (SAICA) accreditation, whereas 95.2 percent of respondents with outstanding professional skills are influenced by non-SAICA accreditation. The study's findings disprove previous claims that accreditation has no bearing on students' abilities. Finally, the investigation contributes South Africa-relevant knowledge..
The Implementation of Mandatory Audit Firm Rotation as tool to enhance Audit Reform in South Africa: A Case of KwaZulu-Natal AMINU, Munkaila; NOMLALA, Bomi Cyril; BALDAVOO, Kiran; MVUNABANDI, Jean Damascene
International Journal of Environmental, Sustainability, and Social Science Vol. 4 No. 4 (2023): International Journal of Environmental, Sustainability, and Social Science (Jul
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v4i4.606

Abstract

Using a quantitative research method, this article examined the perceptions of audit experts concerning the influence of mandatory audit firm rotation on audit reform (AR) in the province of KwaZulu-Natal. Data was gathered from 102 audit experts knowledgeable in the field of accounting and auditing from Tier 2 audit firms and two public institutions and used for data analysis. The empirical results of this study were two-fold. Firstly, the descriptive statistics provided a general overview of the respondents’ opinions. The majority of respondents agreed that MAFR implementation would strengthen audit reform, thereby validating the initial position of the Independent Regulatory Board of Auditors. In addition, most participants agreed that the ramification of the imposition of additional costs could not be ignored. Moreover, the utilization of SPSS on ordinal logistic regression also found that the probability of a decrease in the progress of audit reforms is significantly higher when mandatory audit firm rotation is in place, and a non-significant positive predictor of mandatory audit firm rotation would increase audit independence. This article contributes to existing knowledge and the continuous discourse on mandatory audit firm rotation rule in South Africa. Conclusively, the study, therefore, recommends that since the research was limited to Kwazulu-Natal, future studies should broadly include registered auditors and academics from institutions and firms in different South African provinces to obtain diverse views about pre-and post-implementation of the rule in 2023 to compare the effects of the policy on audit independence.
Impact of Covid-19 on Zimbabwean Immigrants and Refugees NOMLALA, Bomi Cyril; CHIHNAMO, Edmore
International Journal of Environmental, Sustainability, and Social Science Vol. 4 No. 4 (2023): International Journal of Environmental, Sustainability, and Social Science (Jul
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v4i4.622

Abstract

COVID-19's outbreak in China at the end of 2019 and its expansion to South Africa have had a detrimental socioeconomic impact on Zimbabwean migrants and refugees in South Africa and immigrants and refugees are the hardest hit during the pandemic. The South African government's lockdown measures resulted in the shutdown of non-essential industries such as travel and tourism, construction, and e-hailing services, where most Zimbabwean migrants and refugees work as frontline workers. Some individuals are employed by shady businesses that can't afford to pay them during downtime. Others ran unregistered enterprises that were denied access to business relief packages due to technicalities. Furthermore, only a small percentage of the estimated 2 million Zimbabwean immigrants and refugees are documented to meet the access requirements for the aid packages. The government's ostensibly all-encompassing COVID-19 relief package requirements were as disparate as they were on paper. Negative nationalism, which sparked xenophobic attacks in 2008, 2015, and 2019, appears to underpin the government's foreign policy framework and attitude. According to the findings, the lockdown resulted in the loss of work, abject poverty, and broken marriages among Zimbabwean immigrants. To live, many turned to prostitution, drug dealing, and rampant opportunism.