Browsing by Author "Ugoh, Timothy Terver"

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    Auditing Education And The Audit Expectation Gap Problem In Nigeria.
    (Department of Accounting, Faculty Of Administration, Nasarawa State University, Keffi, 2019-06-02) Iyere, Samuel Iheonkhan; J.o, Ame; Ugoh, Timothy Terver
    Auditing as a corporate governance mechanism has been commissioned to resolve the problem of information asymmetry between corporate managers and shareholders by providing independent audit reports as to the truth and fairness or otherwise of the state of affairs of corporate concerns. Over the years however, the credibility of such reports has been called to question as a result of well publicized and spectacular corporate scandals and Auditors subsequent involvement in these scandals. This has exacerbated the Audit Expectation Gap Problem. Solving this problem require effective action to eliminate or at least reduce the gap. This study examined the relationship between auditing education and the audit expectation gap problem in Nigeria. A descriptive survey research design was adopted and a sample of 296 stakeholders consisting of investors, bankers, auditors and stock brokers within Abuja metropolis were considered for the purpose of data collection using a four point likert scale questionnaire. The study aligned with the role conflict theory. Result using pearson correlation coefficient indicated that auditing education has a significant relationship with the audit expectation gap in Nigeria. It was concluded that educating the public is a veritable way of narrowing the AEG in Nigeria. The study recommended that the audit profession should evolve a simplified and broad based strategy for educating users of financial statements on the basic functions of external audit.
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    AUDITING EDUCATION AND THE AUDIT EXPECTATION GAP PROBLEM IN NIGERIA.
    (Department of Accounting, Nasarawa State University Keffi, 2019-06-06) Ameh, Jacob Ojobo; Iyere, Samuel Iheonkhan; Ugoh, Timothy Terver
    Auditing as a corporate governance mechanism has been commissioned to resolve the problem of information asymmetry between corporate managers and shareholders by providing independent audit reports as to the truth and fairness or otherwise of the state of affairs of corporate concerns. Over the years however, the credibility of such reports has been called to question as a result of well publicized and spectacular corporate scandals and Auditors subsequent involvement in these scandals. This has exacerbated the Audit Expectation Gap Problem. Solving this problem require effective action to eliminate or at least reduce the gap. This study examined the relationship between auditing education and the audit expectation gap problem in Nigeria. A descriptive survey research design was adopted and a sample of 296 stakeholders consisting of investors, bankers, auditors and stock brokers within Abuja metropolis were considered for the purpose of data collection using a four point likert scale questionnaire. The study aligned with the role conflict theory. Result using pearson correlation coefficient indicated that auditing education has a significant relationship with the audit expectation gap in Nigeria. It was concluded that educating the public is a veritable way of narrowing the AEG in Nigeria. The study recommended that the audit profession should evolve a simplified and broad based strategy for educating users off inancial statements on the basic functions of external audit.
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    EFFECT OF ACCOUNTING-BASED EARNINGS QUALITY PROPERTIES ON MARKET PERFORMANCE OF QUOTED INDUSTRIAL GOODS COMPANIES IN NIGERIA
    (Department of Accounting, Nasarawa State University Keffi, 2021-06-06) Ugoh, Timothy Terver; Mainoma, M.A.; Aza, Solomon Mangba
    Earnings quality has emerged as an issue of interest to analyst, investors, managers and other market participants in view of the fact that it is one of the most striking and challenging issues in studies related to Accounting and finance. While managers are much concerned about meeting analyst forecast by maintaining sustainable growth of the companies as means to protect themselves, analysts are interested on how best to measure the quality of earnings. This is in order to maximize the portfolio of investors who now more than ever increasingly demand for information about quality of earnings and its association with returns. This study investigated the effect of accounting-based earnings quality properties on market performance of quoted industrial goods companies Nigeria. This study adopts a descriptive longitudinal research design using panel data of a multiple number offirms, over a period of time. The population of the study comprised all the 13 quoted industrial goods firms on the Nigeria Stock Exchange as at 31st December 2019 on which filters population of 11 firms. The study measured earnings quality with four separate earnings attributes: Accruals quality, earnings persistence, earnings predictability and income smoothing, while Market performance was measured using Tobins Q. The result of the pooled independent OLS revealed that of the four earnings quality properties used in the study, accruals quality, earnings persistence and income smoothing have significant positive relationship with market performance, while earnings predictability has insignificant inverse relationship with market performance of quoted industrial goods companies in Nigeria. Based on the result, the study recommended among others that the Security and Exchange Commission (SEC) should continually subject the earnings of industrial goods sector to quality tests to insulate the investing public from possible rip off.
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    PERCEPTION OF STAKEHOLDERS AND THE AUDIT EXPECTATION GAP PROBLEM IN NIGERIA
    (Department of Accounting, Nasarawa State University Keffi., 2018-05-11) Ugoh, Timothy Terver
    Auditing as a corporate governance mechanism has been commissioned to resolve the problem of information asymmetry between corporate managers and shareholders by providing independent audit reports as to the truth and fairness or otherwise of the state of affairs of corporate concerns. Over the years however, the credibility of such reports has been called to question as a result of well publicized and spectacular corporate scandals and Auditors subsequent involvement in these scandals. This has accelerated the Audit Expectation Gap Problem. Previous studies have shown consistent evidences of existence of the Audit Expectation Gap Problem across the globe. Solving this problem require effective action to eliminate or at least reduce the gap. The study seeks to identify the nexus between Auditing education, auditing professions self-regulation policy, auditing standards, nature and content of audit reports, auditor’s independence and the Audit Expectation Gap in Nigeria. The study also seeks to know if these variables can be used as mechanisms to narrow this gap. A well-structured questionnaire was used to collect data. Respondents constituted; two hundred and ninety-six (296) auditors, investors, bankers and investments analyst in the north central Nigeria. The statistical tool employed in this study is the parametric test Pearson’s correlation coefficient to draw conclusions since the data was collected from different categories of respondents. It was found that all the identified variables have a positively strong relationship with the AEG in Nigeria. It was also concluded that all the identified variables contribute to the AEG problem in Nigeria and therefore can be used as mechanisms to narrow this gap. The study thus recommended following: the audit profession evolve simplified and broad based strategies for educating the public on the basic auditing issues, an independent body should be set up to monitor the regulatory process of the profession, auditors primary objective should include detecting and reporting fraud, other corporate irregularities and management inefficiencies, the profession should adopt long form of audit reports and auditors should be banned from providing Non Audit Services to their clients.