Template-Type: ReDIF-Article 1.0 Author-Name: Akrum Helfaya Author-X-Name-First: Akrum Author-X-Name-Last: Helfaya Author-Name: Essam Amin Author-X-Name-First: Essam Author-X-Name-Last: Amin Title: Exploring the Egyptian accountants' awareness and understanding of XBRL Abstract: Online reporting is now widespread with 82% of the top 100 listed companies in Egypt providing a variety of financial data online. However, much of this information reflects the paper-based versions of annual reports with little attempt to enhance the usefulness of this data for decision makers. This online reporting provides the first generation (FG) of online reporting languages such as PDF, HTML, Excel and Word formats. XBRL has been developed to provide a second generation (SG) of online reporting to enhance the data handling and usability of corporate reporting. The findings of a questionnaire survey in Egypt report that academics' and bankers' awareness of XBRL and SG reporting is very little compared to FG reporting formats. Additionally, the fast majority of respondents are aware of both the benefits and problems of adopting XBRL. This study has some recommendations for Egyptian regulators, standards' setters, accounting academics and professional accountants. Journal: African J. of Accounting, Auditing and Finance Pages: 1-23 Issue: 1 Volume: 7 Year: 2020 Keywords: corporate reporting; digital reporting; extensible business reporting language; XBRL; stakeholder engagement; Egypt. File-URL: http://www.inderscience.com/link.php?id=109176 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:1:p:1-23 Template-Type: ReDIF-Article 1.0 Author-Name: Khalid Rasheed Al-Adeem Author-X-Name-First: Khalid Rasheed Author-X-Name-Last: Al-Adeem Title: Cultural challenges for countries implementing International Financial Reporting Standards without contributing to their creation Abstract: One aim of globalisation is eliminating a country's uniqueness so that different parts of the world can become alike. To this effect, countries are aligning their national financial reporting standards to the International Financial Reporting Standards (IFRS) to narrow their related differences, thereby creating a demand for the IFRS. Financial reporting based on a single set of financial reporting standards was expected to enhance comparability; however, this is not the case in practice. Accountants' judgements, which are allowed under the International Accounting Standard Board's principles-based standards, can be a limitation for the comparability advantage. Further, critics of the IFRS are concerned that countries adopting IFRS may lose control of their financial reporting and disclosures to foreign regulators. Finally, countries that do not contribute to IFRS creation may become recipients of other countries' inputs, such as languages, cultural values, and regulatory systems. Journal: African J. of Accounting, Auditing and Finance Pages: 66-86 Issue: 1 Volume: 7 Year: 2020 Keywords: International Financial Reporting Standards; IFRS; harmonisation; globalisation; ideology; culture; societal accounting; global accounting. File-URL: http://www.inderscience.com/link.php?id=109199 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:1:p:66-86 Template-Type: ReDIF-Article 1.0 Author-Name: Cosmas Ikechukwu Asogwa Author-X-Name-First: Cosmas Ikechukwu Author-X-Name-Last: Asogwa Author-Name: Grace Nyereugwu Ofoegbu Author-X-Name-First: Grace Nyereugwu Author-X-Name-Last: Ofoegbu Author-Name: Uche Modum Author-X-Name-First: Uche Author-X-Name-Last: Modum Title: Effect of corporate governance on income persistence and value relevance of quoted Nigerian firms Abstract: This paper examined the effect of corporate governance structures on earnings persistence and value relevance of Nigerian firms. Analysis was made using multivariate and multiple regression analytic tools with sample of 148 audited financial statements of quoted Nigerian firms in Nigerian Stock Exchange between 2014 and 2017. We found that CEO duality positively but insignificantly affected income persistence and positively and significantly affected value relevance. Board size significantly and negatively affected earnings value relevance while it negatively and significantly affected earnings persistence. Audit committee had a significant positive effect on earnings value relevance and accrual persistence. Thus, audit committee plays a vital constraining role while board expansion does not necessarily increase earnings quality. Overall, we can infer that the analyses involving all key earnings quality proxies could yield a better conclusion. Investors should rely largely on models that examined various impacts on earnings quality proxies. Journal: African J. of Accounting, Auditing and Finance Pages: 42-65 Issue: 1 Volume: 7 Year: 2020 Keywords: corporate governance; earnings persistence; earnings predictability; value relevance; CEO duality; audit committee; board size. File-URL: http://www.inderscience.com/link.php?id=109206 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:1:p:42-65 Template-Type: ReDIF-Article 1.0 Author-Name: Alnour Nadir Osman Author-X-Name-First: Alnour Nadir Author-X-Name-Last: Osman Author-Name: Diaeldin Osman Author-X-Name-First: Diaeldin Author-X-Name-Last: Osman Author-Name: Seung Hwan Kim Author-X-Name-First: Seung Hwan Author-X-Name-Last: Kim Title: Disclosure patterns of Sudanese listed companies Abstract: This study investigated disclosure patterns of Sudanese listed companies. Annual reports of 42 listed companies for the year 2007 were used to examine the patterns of disclosing strategic information, and contents of traditional financial statements. Using an unweighted disclosure index of 145 information items, the study showed that only 14% of strategic information items were disclosed, compared to 63% of information items of traditional financial statements. Also, only 15% of voluntary items were disclosed, compared with 52% of mandatory items. Journal: African J. of Accounting, Auditing and Finance Pages: 87-104 Issue: 1 Volume: 7 Year: 2020 Keywords: disclosure patterns; Sudanese listed companies; annual reports. File-URL: http://www.inderscience.com/link.php?id=109209 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:1:p:87-104 Template-Type: ReDIF-Article 1.0 Author-Name: Richard B. Nyuur Author-X-Name-First: Richard B. Author-X-Name-Last: Nyuur Author-Name: Daniel F. Ofori Author-X-Name-First: Daniel F. Author-X-Name-Last: Ofori Author-Name: Believe Q. Dedzo Author-X-Name-First: Believe Q. Author-X-Name-Last: Dedzo Title: Corporate governance in banks: impact of board attributes on banks performance Abstract: The study examines the impact of board of directors' composition on firm performance in the Ghanaian banking industry. Using the GMM, fixed and random effect econometric models, the presence of independent non-executive directors (INEDs) on boards is found to significantly and positively contribute to higher bank performance in terms of return on assets. Board size is also found to have significantly influenced banks performance positively with respect to both return on assets and return on equity, but negatively affects net profit margins of banks. The study further establishes that board members' political attachment has a profound adverse influence on firm performance particularly on net interest margin. These findings provide further insights on the impact of board attributes on firm performance in the banking industry, especially in a developing and under researched context. Research and practical implications are discussed. Journal: African J. of Accounting, Auditing and Finance Pages: 24-41 Issue: 1 Volume: 7 Year: 2020 Keywords: corporate governance; board composition; independent directors; firm performance; Ghana. File-URL: http://www.inderscience.com/link.php?id=109210 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:1:p:24-41 Template-Type: ReDIF-Article 1.0 Author-Name: Fidelis Akanga Author-X-Name-First: Fidelis Author-X-Name-Last: Akanga Author-Name: Widin Bongasu Sha'ven Author-X-Name-First: Widin Bongasu Author-X-Name-Last: Sha'ven Author-Name: Ven Tauringana Author-X-Name-First: Ven Author-X-Name-Last: Tauringana Title: An empirical investigation into the risk management strategies of MFIs in Cameroon Abstract: This paper examines risk strategies adopted by MFIs in Cameroon. Much research on risk and especially after the financial crisis of 2007 has been based on mainstream financial institutions and ignored the contribution of risk on MFIs activities and in our societies. This study is based on 15 in depth interviews with seven managers and eight lending officers, we identified four main areas of risk concerns for MFIs in Cameroon reputational, death of a borrower, credit and institutional size risks. So as to help minimise these effects, we propose innovative and radical approaches for MFIs to take the for-profit status. It is only by MFIs taking this for-profit status that we believe that MFIs will be able to attract investors who are willing to invest within MFIs, therefore minimising the effect of risks on MFIs. Journal: African J. of Accounting, Auditing and Finance Pages: 155-171 Issue: 2 Volume: 7 Year: 2020 Keywords: microfinance; risk; risk management strategy; Cameroon. File-URL: http://www.inderscience.com/link.php?id=111729 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:2:p:155-171 Template-Type: ReDIF-Article 1.0 Author-Name: Kingsley Opoku Appiah Author-X-Name-First: Kingsley Opoku Author-X-Name-Last: Appiah Author-Name: Prince Gyimah Author-X-Name-First: Prince Author-X-Name-Last: Gyimah Author-Name: Michael Boachie Adom Author-X-Name-First: Michael Boachie Author-X-Name-Last: Adom Title: Advancing firms performance in Ghana: does IFRS adoption matter? Abstract: This study examines whether the transition of local GAAP to IFRS affects listed firms in the Sub-Saharan Africa region. Using binary logistic regression on the dataset from Ghana, we find that profitability and liquidity reduced during the official adoption fiscal year of IFRS but not, earning management. We also find that growth and leverage increase during financial reportage for the post-adoption period of IFRS. We conclude that the adoption of IFRS leads to more value relevant accounting measures in developing country context. Our study is one of first of its kind to investigate the effect of pre-and-post adoption of IFRS in Ghana using accounting measures, implying the study's finding does not only contribute to the literature, but also policy and practice. Journal: African J. of Accounting, Auditing and Finance Pages: 143-154 Issue: 2 Volume: 7 Year: 2020 Keywords: IFRS; performance; earnings management; listed firms; Africa; Ghana. File-URL: http://www.inderscience.com/link.php?id=111730 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:2:p:143-154 Template-Type: ReDIF-Article 1.0 Author-Name: Khadijat Adenola Yahaya Author-X-Name-First: Khadijat Adenola Author-X-Name-Last: Yahaya Author-Name: Khairat Taiwo Ajibola Author-X-Name-First: Khairat Taiwo Author-X-Name-Last: Ajibola Title: Impact of board characteristics on auditor choice by deposit money banks in Nigeria Abstract: The issue of board characteristics has received attention from the auditing profession due to users' demand for good governance. This study examined how board characteristics <i>affect</i> the selection of auditors by deposit money banks in Nigeria through the use of ex-post facto research design. The study used secondary data collected from annual reports of six selected banks in Nigeria for the period of ten years covering 2008-2017. Panel logistic regression was adopted. Findings revealed that board size had positive and significant relationship with auditor choice (0.758). Board independence and financial leverage exhibited negative but significant relationship with auditor choice (&minus;10.71: &minus;25.69). The study concluded that board size, board independence and financial leverage are important factors in the selection of high quality auditor by banks. It was recommended that independent directors should be allowed to take active part in the day to day activities of the banks to boost their operational efficiency. Journal: African J. of Accounting, Auditing and Finance Pages: 126-142 Issue: 2 Volume: 7 Year: 2020 Keywords: auditor; board size; board independence; financial leverage; deposit money banks; Nigeria. File-URL: http://www.inderscience.com/link.php?id=111732 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:2:p:126-142 Template-Type: ReDIF-Article 1.0 Author-Name: Hyginus Emeka Nwosu Author-X-Name-First: Hyginus Emeka Author-X-Name-Last: Nwosu Author-Name: Benedette Nneka Okezie Author-X-Name-First: Benedette Nneka Author-X-Name-Last: Okezie Author-Name: Robert Azu Nnachi Author-X-Name-First: Robert Azu Author-X-Name-Last: Nnachi Title: Quarry business and internally generated revenue in Ebonyi state Abstract: The study explored the effect of quarrying business on internally generated revenue in Ebonyi state. Primary and secondary sources of data were employed. Structured questionnaire, the central bank accounts and reports, National Bureau of Statistics, and published reports of the companies studied were major instruments used. Descriptive statistics, regression model, and t-test were adopted for data analysis and hypotheses testing. The study made the following findings: that a unit change in profitability of quarry business would result to significant increase in the internally generated revenue; that a unit increase in mining and quarrying would result to significant increase in internally generated revenue; that there is a significant positive relationship between access to capital and survival of quarry businesses. In view of the above findings, the study concludes that quarry business has significant positive relationship with internally generated revenue of Ebonyi state. The study therefore recommends among others that Ebonyi state government should put a strategy in motion to increase the revenue especially from quarry business. Journal: African J. of Accounting, Auditing and Finance Pages: 105-125 Issue: 2 Volume: 7 Year: 2020 Keywords: quarry business; internally generated revenue; IGR; profitability; contributions; survival; development. File-URL: http://www.inderscience.com/link.php?id=111735 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:2:p:105-125 Template-Type: ReDIF-Article 1.0 Author-Name: Azime Hassen Author-X-Name-First: Azime Author-X-Name-Last: Hassen Author-Name: Gollagari Ramakrishna Author-X-Name-First: Gollagari Author-X-Name-Last: Ramakrishna Title: International Financial Reporting Standards adoption in Ethiopia: testing a mediation model Abstract: This study investigates the mediation impact of perceived usefulness on the relationship between perceived familiarity, perceived risk and adoption of International Financial Reporting Standards (IFRS) in Ethiopia. The constructs are developed on the basis of technology adoption model (TAM) and theory of planned behaviour (TPB) model. The data are collected from primary sources using questionnaire survey and key informant interview. The analysis is based on the survey data of 243 academics and financial experts. The contribution of this study lies in verifying the meditational impact of perceived usefulness; and the impact of risk along with perceived familiarity on IFRS adoption which was not attempted earlier. Construct validity is verified using confirmatory factor analysis (CFA); mediation analysis is attempted using GLM procedure in Jamovi software. The findings reveal that IFRS adoption depends on the perceptions of the users in terms of familiarity, usefulness and the risk involved; and perceived usefulness had a partial mediation impact on the relationship between familiarity and adoption similarly, between perceived risk and adoption though, perceived risk had a negative impact on perceived usefulness. Journal: African J. of Accounting, Auditing and Finance Pages: 172-186 Issue: 2 Volume: 7 Year: 2020 Keywords: adoption of IFRS; perceived familiarity; perceived usefulness; perceived risk; mediation; Ethiopia. File-URL: http://www.inderscience.com/link.php?id=111738 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:7:y:2020:i:2:p:172-186