ABSTRACT Effective corporate Governance practices requires appropriate internal audit practices to enhance efficiency. The main purpose of this study was to ascertain the practices of internal audit and corporate governance at Ghana Water Company Limited at the Central Region in the Cape Coast Metropolis. The specific objectives were: identify the Internal Audit practices in Ghana Water Company Limited, assess the corporate governance framework of Ghana Water Company Limited, assess the role...
ABSTRACT This study aimed at examining professional accountants' perceptions of ethical issues, causes of unethical behaviour and ethics education using professional accountants in Kumasi as case study. The objectives of the study were to: examine the incidence, prevalence and forms of unethical behaviors among accounting professionals, examine the extent of accountants‟ professional behavior and the cause of unethical behaviors, examine the ethical orientation of professional accountants...
ABSTRACT The study sought to assess the internal control practices in areas of responsibilities of internal control setting, implementation and monitoring at St. Dominic Hospital (SDH). Good internal control practices positions an organization on high performance and boost the trust of both internal and external clients. St. Dominic Hospital is the biggest institution of Christian Health Association of Ghana (CHAG) and therefore selected for this study. The methodology employed in the study...
ABSTRACT Small and medium-sized enterprises (SMEs) are regarded as the drivers of economic development across the world. Their reporting needs which were neglected for so long a time were finally given attention with the introduction of a simplified accounting standards (IFRS for SMEs). The introduction of this standalone accounting standards for SMEs was geared towards the objective of addressing SMEs financial reporting needs and improving the quality of their financial reporting. To this ...
ABSTRACT The main objective of this study will seek to investigate the effect of Accounting Software on financial Reporting Quality in delivering Financial Accounting information for making crucial organizational decisions by management. It also aims at assessing Accounting Software support to the production of Financial Statements in time, accurate recording transactions and also to ascertain the level at which accounting professionals in this field (utility) has adopted and applied inform...
ABSTRACT Taxation is the major source of revenue to support the execution of government developmental projects. In Ghana, one major sector where more taxes could have collected is the Small and Medium Scale Enterprises (SMEs) of the informal sector. The sector contributes about 80% to the employment in the country (Ghana living Standard Survey - GLSS, 2010); but, its contribution in terms of tax revenue, relative to its size, is just a drop in the national coffers. The research, therefore, ...
ABSTRACT The relevance of keeping proper books of accounts and sound accounting practices has been emphasized in achieving proper financial management in Small and Medium Scale Enterprises. In this study, we investigate the recording of proper books of account by SMEs in Kumasi (Ghana) through information based on responses to a close- ended questionnaire from 90 SMEs in Kumasi. We report that majority of SMEs’ owners were academic inclined, and also had at least an average level of accoun...
ABSTRACT The role of SMEs in the development of any nation cannot be overemphasised. Yet their growth into bigger firms is often beset with many challenges. This study sought to examine the perception of business owners about the effect of bookkeeping on the growth of small and medium-scale enterprises (SMEs) in the Cape Coast Metropolis. The study employed the quantitative research method and survey design. The simple random sampling method was used to draw a sample of 100 enterprises from ...
ABSTRACT Public financial management concerns the efficiency and effectiveness of the use of public resources based on approved budgets. The purpose of this study was to assess the influence of public financial management and service delivery at the local government level using Ejura Sekyedumase Municipal Assembly in the Ashanti region of Ghana as a case. The specific objectives were to establish the relationship between policy based budgeting and service delivery; determine the extent to whi...
ABSTRACT The purpose of the study was to explore the extent to which Small and Medium Enterprises (SMEs) in the Cape Coast Metropolis comply with International Financial Reporting Standards (IFRSs). The study further looked at firm attributes (size, profitability, audit type, internationality, type of SME, and leverage) that relate and also influence the level of SMEs’ compliance with IFRSs. The descriptive design was adopted for this study. The study sampled 89 SMEs within the metropolis, ...
ABSTRACT The purpose of the study was to assess the effectiveness of internal controls in credit unions in Takoradi. The study used cross-sectional descriptive survey. It was conducted in Takoradi for the staff/workers, management and the clients of Shama Co-operative Credit Union and Work place credit union. Simple random was employed to select 102 workers each from the various credit unions, however, purposive sampling was used to select 2 management officials each from various credit union...
ABSTRACT Public Sector Organizations are not countries but they have a sort of constitutions in the form of internal regulations and controls to adhere to in order to ensure judicious use of their resources towards sustainable growth and development. Unfortunately, the big investments countries are making to achieve their policy objectives are totally derailed or only partially achieved due to disobedience to the financial rules and laws. Financial controls use by the heads of these instituti...
ABSTRACT The research aims to examine accounting record keeping practices and its association with growth of SMEs in Wassa Amenfi West Municipality. The specific objectives are: to determine the extent of accounting record keeping practices of SMEs in the Wassa Amenfi Municipal, examine the types of accounting records kept by SMEs in Wassa Amenfi West Municipal, determine whether entrepreneur characteristics affect accounting record keeping practices and assess the effect of accounting record...
ABSTRACT The appalling financial management systems across all public organizations are the major setbacks influencing the economy. Ghana Integrated Financial Management Information System (GIFMIS) is an information system that monitors and summarizes financial information on financial transactions. This study sought to assess the implementation of GIFMIS on government financial operations in relation to the management of public funds in MMDAs and the vital role it plays on financial accounta...
ABSTRACT The aim of this study was to examine the role effectiveness of Audit Committees and financial reporting quality in selected companies in Ghana. The study adopted the case study research design. A total of fifty-four respondents participated in the study. The convenience sampling method was used in selecting the respondents for the study. Data was collected using questionnaire. Spearman Rank Order (rho) correlation, frequencies and percentages, pie charts, and mean and standard deviat...