CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The recent global financial crisis, which had its roots in the banking sector, highlighted, except from the existing regulatory gaps, the lack of proper and efficient internal audit functions within the banking institutions in order to mitigate the resulting negative effects. The burst of the credit crunch … Read more
ASSESSMENT OF IMF LOAN POLICY ON ECONOMY DEVELOPMENT OF NIGERIA. CIVILIAN RULE 1999-2015 CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY Development is a universal attribute of man and matter, of society and nature, but the direction and speed of the process in man and society can effectively be controlled, and in nature, considerably influenced, … Read more
Held up as the best government accounting ideas that the global accounting profession has to offer. IPSAS therefore has become recognized benchmark for evaluating and improving government accounting in developing countries. IPSAS are primarily intended for adoption by developing countries. The World Bank for example has endorsed the use of IPSAS in accounting for its … Read more
CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY The auditing profession performs a role in giving reasonable assurance to the public and users’ of financial statements, specifically investors and creditors, of the reliability and credibility of a firms’ financial statements. To fulfill this role, there are several principles that auditors should espouse. One of the … Read more
CHAPTER ONE INTRODUCTION 1.0 BACKGROUND TO THE STUDY As the stakeholders become dissatisfied with the work of the audit profession, their confidence in audited financial statements will erode with time if nothing is done to remedy the situation. Best, Buck by and Tan (2001) claim that society’s trust is the ‘heart-beat of a profession’. Hence, … Read more
CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY Tax is any form charge levied on a person or an institution by a governing body or its equivalent such that defaulted payment is punishable by law. The imposition of taxes and the institution of taxing is as old as civilization itself cutting across religion, race and … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Firms are essential building blocks of any nation’s growth and development. As business units, it is natural for firms (no matter their nature and form) to experience risks and opportunities. What determines the survival rate of a firm is the set of mechanisms it has put in … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Pension generally is a way of catering for the welfare of retirees. It is a periodic income or annuity payment made at or after retirement to employees who has become eligible for benefits through age, earnings and service.According to Alo (2004), many countries of the world are … Read more
THE EFFECT OF COST ACCOUNTING TECHNIQUES ON PERFORMANCE OF SMES A SURVEY OF SELECTED SMALL AND MEDIUM FIRMS IN PORT HARCOURT CHAPTER ONE INTRODUCTION Background of the Study The business environment has become intensively dynamic and increasingly unpredictable in recent decades and,correspondingly, managing company has become more demanding. Cost Accounting is a task of collecting, … Read more
ACCOUNTING FOR PEACE AND ECONOMIC DEVELOPMENT IN NIGERIA, THE NORTH EAST CASE CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The term peace is relative and the conditions for peace dier from one society or nation to another. However Ibeanue (2005) asserted that peace is a process involving activities that are linked to increasing development … Read more