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An Exploration of the Viability of Forensic Accounting Techniques in Combating Financial Statement Fraud in Nigerian Organizations Patricia Chinyere Oranefo; Chinedu Francis Egbunike
Annals of Management and Organization Research Vol. 3 No. 1 (2021): August
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v3i1.1170

Purpose: This study explored the viability of forensic accounting techniques in combating financial statement fraud in Nigerian organizations. The study specifically examined the relationship between forensic accounting techniques and fraud deterrence; and, the viability of forensic accounting techniques to enforce corporate policies and procedures. Research methodology: The study adopts the survey research design. The sampling frame comprised accounting lecturers and chartered accountants in two geographical locations of Anambra State. The study utilized non-probability sampling to mitigate non-response bias and to select knowledgeable respondents. The final retrieved questionnaires were fifty. The primary data were analyzed using Pearson correlation analysis. Results: The Pearson correlation results showed a positive association between forensic accounting techniques (FAT) and fraud deterrence. Secondly, there is a positive association between forensic accounting techniques and the enforcement of corporate policies. Limitations: The main limitation was the small sample size from the retrieved questionnaires future studies can therefore widen the sampling frame and explore other sectors. The study also spanned one of the South-eastern States limiting generalizability. Contribution: The study contributes to the literature in the context of developing countries, on the continuing viability of forensic accounting techniques (FAT) in detecting financial statement fraud in its various multifarious forms in such countries with weak institutional environments compared to developed countries. The study also adds to the literature on the viability of forensic accountants in enforcing corporate policies and procedures which is useful in an organizational research context.

Treasury Single Account (TSA) and Cost of Governance: Survey of MDAs in Anambra State Nnamdi Lawrence Okeke; George Ezeala; Nonso John Okoye; Chinedu Francis Egbunike
Journal of Governance and Accountability Studies Vol. 3 No. 1 (2023): January
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jgas.v3i1.1479

Purpose: This study employed a descriptive research design using a cross-sectional methodology, with surveys and field investigations to examine the relationships between study variables. Research Methodology: This study used a descriptive survey design, with primary data collected through structured questionnaires from 100 purposely selected respondents across ten Federal Ministries Departments & Agencies (MDA) in Anambra State. Results: The results show that e-accounting and Treasury Single Account (TSA) have a substantial impact on national spending by curbing leakages, but with little effect on federally generated revenue. Thus, e-accounting and TSA significantly impact the cost of governance. Conclusions: This study concludes that TSA and e-accounting systems significantly reduce financial mismanagement, accelerate public-sector transactions, and require stronger infrastructure, human resource training, and guidance from countries with successful TSA implementation. Limitations: The study relied only on questionnaire responses, which is the perception of public-sector employees in MDAs. Contributions: This study contributes to governance and policy research by identifying the benefits of TSA in reducing the overall cost of governance. Novelty: This study supports stakeholder theory and the public finance management perspective by showing that integrated government accounts improve financial tracking, monitoring, and overall fiscal visibility.

Accounts payable turnover and firm performance of quoted manufacturing firms in Nigeria Patricia Chinyere Oranefo; Chinedu Francis Egbunike
International Journal of Accounting and Management Information Systems Vol. 1 No. 1 (2023): February
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ijamis.v1i1.1247

Purpose: The objective of this study is to ascertain the nexus of accounts payable turnover and firm performance of quoted manufacturing firms in Nigeria. Research methodology: This study adopted an ex-post facto research design. The sample comprised seventy-five non-financial firms quoted on the Nigerian Exchange Group (NGX). The study purposively selected all available non-financial firms during the study period: 2010-2019. This study utilized secondary sources of data, i.e., computed financial ratios from annual financial statements downloaded from the MachameRatios® database. The data were analyzed using multiple regression techniques. Results: There is a non-significant positive effect of the accounts payable turnover ratio on ROA (p=0.9729) and ROE (p=0.2669); and; a significant negative effect of the accounts payable turnover ratio on Tobin’s Q (p=0.0140). Conlusion:Accounts payable turnover has no significant effect on ROA and ROE but negatively affects Tobin’s Q. This highlights its limited impact on accounting returns but notable influence on market value. Strategic management of payables remains essential. Limitations: The limitation of the study is the failure to account for endogeneity concerns in firm performance studies. Contribution: The study contributes to the working capital management literature and specifically to the credit management axiom. It also showed a differential effect of APT on various firm performance proxies which have significant implications for managers, e.g., finance officers in corporations that intend to utilize the accounts payable turnover as a strategy to grow the performance of the firm in the short and long term.

An Exploration of the Viability of Forensic Accounting Techniques in Combating Financial Statement Fraud in Nigerian Organizations Patricia Chinyere Oranefo; Chinedu Francis Egbunike
Annals of Management and Organization Research Vol. 3 No. 1 (2021): August
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v3i1.1170

Purpose: This study explored the viability of forensic accounting techniques in combating financial statement fraud in Nigerian organizations. The study specifically examined the relationship between forensic accounting techniques and fraud deterrence; and, the viability of forensic accounting techniques to enforce corporate policies and procedures. Research methodology: The study adopts the survey research design. The sampling frame comprised accounting lecturers and chartered accountants in two geographical locations of Anambra State. The study utilized non-probability sampling to mitigate non-response bias and to select knowledgeable respondents. The final retrieved questionnaires were fifty. The primary data were analyzed using Pearson correlation analysis. Results: The Pearson correlation results showed a positive association between forensic accounting techniques (FAT) and fraud deterrence. Secondly, there is a positive association between forensic accounting techniques and the enforcement of corporate policies. Limitations: The main limitation was the small sample size from the retrieved questionnaires future studies can therefore widen the sampling frame and explore other sectors. The study also spanned one of the South-eastern States limiting generalizability. Contribution: The study contributes to the literature in the context of developing countries, on the continuing viability of forensic accounting techniques (FAT) in detecting financial statement fraud in its various multifarious forms in such countries with weak institutional environments compared to developed countries. The study also adds to the literature on the viability of forensic accountants in enforcing corporate policies and procedures which is useful in an organizational research context.

Climate change disclosure and financial performance of quoted oil & gas firms in Nigeria Emmanuel Agbo; Chinedu Francis Egbunike
Annals of Management and Organization Research Vol. 5 No. 3 (2024): February
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v5i3.1638

Purpose: Prior research has demonstrated the critical role that climate change disclosure plays in solving global sustainability challenges connected to human existence and the long-term viability of businesses. The goal of this study is to add to the existing literature on the impact of climate change-related disclosure on the financial performance of oil and gas companies in Nigeria. Research Methodology: The study adopted an ex post facto research design, and the final sample consisted of eight oil and gas companies listed on the NGX for the year 2012-2021. The final sample consisted of a balanced panel of 80 firm-year observations. The dependent variable was Return on Assets (ROA). Data were analyzed using a multiple regression model. Results: The findings showed a positive relationship between CCRD and ROA, which was also confirmed to be significant at the 5% significance level. Limitations: The model includes leverage, audit quality, and firm size, in addition to CCRD, to account for their effect on ROA. Therefore, other factors that may affect firm performance are not included in the model. Contribution: This study addresses one of the most important but less explored issues of environmental research in one of the largest economies in SSA. The data collected from the content analysis are original and provide important evidence of the impact of CCRD on firm performance. These findings encourage oil and gas companies to reduce their carbon emissions and disclose their carbon management activities.

Big Data Analytics and market competitiveness of selected firms in Lagos State, Nigeria Nwosu Kanayo Chike; Euphemia Ifunanya Mbamalu; Chimezie Alex Oguanobi; Chinedu Francis Egbunike
Annals of Management and Organization Research Vol. 4 No. 4 (2023): May
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v4i4.1713

Purpose: This study specifically evaluates the effect of Intangible Big Data Analytics Resources (IBDAR) and Tangible Big Data Analytics Resources (TBDAR) on a firm’s market competitiveness in manufacturing firms. The authors used RBV as the main theoretical framework to investigate this. Research methodology: This study used a survey research design. The study employed a non-probability sample and a final sample of seventy-two employees selected from manufacturing firms in Lagos State, Nigeria. Results: The hypotheses were tested using multiple linear regressions. The empirical results showed that the organizational use of TBDAR has a significant effect on Market Competitiveness (MCOM), and that the organizational use of IBDAR has a significant effect on MCOM. Limitations: First, the sample is restricted to only the Nigerian setting; to draw broader and deeper implications, it could be useful to take diverse samples from different contexts and sectors. Second, this study does not utilize the PLS-SEM technique to model mediators and moderators. Contribution: This study has significant policy implications for practitioners and is an original study based on primary data from Nigerian manufacturing firms.

The effect of FDI Net Inflow on the GDP growth rate: 1990-2021 Nwosu Kanayo Chike; Chimezie Alex Oguanobi; Euphemia Ifunanya Mbamalu; Chinedu Francis Egbunike
Journal of Multidisciplinary Academic and Practice Studies Vol. 1 No. 2 (2023): May
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jomaps.v1i2.1637

Purpose: This study investigates the impact of foreign direct investment (FDI) net inflows on Nigeria’s gross domestic product (GDP) growth rate from 1990 to 2021, addressing the ongoing debate on the role of FDI in fostering sustainable economic growth. Methods: The research employed an ex post facto design using secondary data obtained from the World Bank’s World Development Indicators. Stationarity was tested using the Augmented Dickey-Fuller (ADF) unit root test. Ordinary Least Squares (OLS) regression was applied, complemented by robustness checks using Dynamic Ordinary Least Squares (DOLS), to test the hypotheses and validate the model. Results: Findings reveal that FDI net inflows significantly and positively affect GDP growth in Nigeria (p<0.05). Control variables such as the degree of economic openness (DEGO) and inflation (INFL) showed positive but statistically non-significant effects under OLS, though DOLS results indicate DEGO as positive and significant while INFL was negative and significant. The results confirm that FDI contributes to economic growth by promoting capital accumulation, technology transfer, and managerial expertise. Conclusion: The study concludes that FDI net inflows play a critical role in driving Nigeria’s economic growth. Policies aimed at improving openness, institutional quality, and macroeconomic stability are necessary to maximize the benefits of FDI. Limitations: The analysis is limited to Nigeria’s data and selected control variables, restricting broader generalization across Sub-Saharan Africa. Contribution: This study enriches the literature on FDI-growth nexus in developing economies, offering policy insights for enhancing sustainable growth through effective FDI management.

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