Javascript is required
Search

Acadlore takes over the publication of JAFAS from 2023 Vol. 9, No. 4. The preceding volumes were published under a CC BY license by the previous owner, and displayed here as agreed between Acadlore and the owner.

This issue/volume is not published by Acadlore.
Volume 6, Issue 4, 2020

Abstract

Full Text|PDF|XML

Purpose of the Study: The study aims to determine the factors affecting the tax compliance of accounting professionals who play an important role in the preparation of tax returns and the calculation of taxes and also the power of these factors. Research Method: In the study, initially, theories regarding tax compliance were examined. Then, the questionnaire method was applied with the questions prepared based on the factors claimed to affect tax compliance by these theories. Answers gathered from 401 accounting professionals who took part in the survey were examined by the explanatory factor analysis one of the quantitative analysis methods. The Importance of the Study: Through this study, the factors affecting the tax compliance of accounting professionals and also the power of these factors were determined. That there hasn’t been an empirical study regarding this issue in the literature of either accounting or finance makes this study even more significant. Findings and Evaluation: The research revealed 7 factors affecting the tax compliance of accounting professionals. These factors were named as; taxpayer and wage pressure, tax regulations, low penalties, insufficient control, tax ethics, perception of professional duty and professional ethics.

Open Access
Research article
An Empirical Analysis on Customers’ Acceptance of Islamic Micro Finance in Kano State, North Western-Nigeria: The Moderating Effect of Awareness
surajo musa yakubu ,
adamu magaji abubakar ,
ahmed ibrahim mohammed ,
shehu alhaji musa ,
hayatudeen hamza safiyo ,
jakada muhammad bello
|
Available online: 12-30-2020

Abstract

Full Text|PDF|XML

Purpose: The objective of this research paper is to conceptualize the model in examining the moderating effect of awareness on attitude, knowledge, and customers’ acceptance of Islamic micro finance in Kano State, North Western-Nigeria. As, Islamic micro financial institutions deliver loans to small and medium enterprises (SMEs). Since, it serves as a means of curving of some social vices such as poverty, ethno-religious crises, farmers and herdsmen crises, cattle rustling, arm rubbers and kidnappers among others. Despite it great contributions to the growth of the economy there is deprived awareness on Islamic micro finance which leads to inadequate investment and patronage by the people in Kano State. Investors and the general public can use this research for guidance towards investments of their capital into Islamic micro finance for maximum profits. Also, stake holders, SMEs, traders and farmers can utilize the outcome of this study. Similarly, stock exchange commission, Central Bank of Nigeria and other financial institutions can use the results of this study towards making policies and strategies. Design/methodology/approach: Questionnaire was used and data was collected by random sample of 400 selected Islamic micro finance customers in Kano state, Nigeria. PLS- SEM was used in analysing and testing the formulated hypotheses. Findings: Result indicated that knowledge and attitude have positive and significant relationship on acceptance of Islamic micro finance, while, awareness did not moderate relationship between attitudes but moderates knowledge and acceptance of Islamic micro finance.

Abstract

Full Text|PDF|XML

Purpose: This paper intended to examine the influence of the e-tax system on tax revenue collection in Tanzania. Design/Methodology/Approach: The study made use of secondary data gathered in two groups, data from 2006-2011 (prior e-tax system) and 2012-2017 (post e-tax system) was used. An ex-post-facto research design with paired sample t-test compared the mean values of the pre and post-e-tax system to confirm if the observation between the two sets of mean is zero or significantly different from zero. Findings: The results depict that the use of the e-tax system has positive significant impact on tax revenue generation. Correspondingly, increase in number of registered large taxpayers has a positive effect on tax revenue. Originality/Value: This study contributes on the awareness to both large taxpayers and the government, that is, the use of the e-tax system had an impact on lessening tax compliance cost and assists the government to collect taxes in cost efficient ways.

Abstract

Full Text|PDF|XML

Purpose: This research aims to present the main obstacles of the application and implementation of the IFRS during the transition period from Kosovo Accounting Standards (KAS) to International Financial Reporting Standards (IFRS). Considering that the development of accounting in Kosovo, it has not been an easy transition as can be expected. Design/methodology/approach: We conducted a quantitative research through a customized questionnaire which was addressed to 130 certified accountants and auditors in Kosovo, regarding the challenges presented during this period, of which 77 have resulted in positive answers, but with 2 incomplete answers. Findings: Through this research we have managed to identify some of the main challenges faced by accountants and auditors during the transition period from KAS to IFRS and how many respondents agreed that the transition process is complicated. From the analysis of data and results we can conclude that the need for ongoing training and lack of knowledge and experience needed for accountants and auditors has increased the complexity of the IFRS application process. Originality/value: Findings from this study can be a contribution to the application of IFRS for developing countries as well as a contribution to the literature regarding the practical, legal challenges, continuing education regarding the transition phase and regarding the implementation and application ofIFRS.

Abstract

Full Text|PDF|XML

Purpose: The purpose of this study was to analyse the impact of audit quality on firm performance of listed companies in Botswana, and Uganda. As a monitoring mechanism, the role of auditing is to reduce information asymmetry between management and shareholders, thereby bolstering investor confidence which consequently improves firm value. Design/methodology/approach: The study sampled domestically listed financial and non-financial companies on the stock exchanges of Botswana and Uganda for the five years 2014-2018.Using auditor size and audit fees as proxies for audit quality and return on assets, and Tobin's Q as measures of firm performance, the relationship between the variables was determined through regression analysis. The study also controlled for complexity, risk and growth of the companies. Findings: Results of the study show that audit quality is a negative but non-significant predictor of firm performance for financial performance. Originality/value: The findings of the study provide empirical evidence into the effectiveness of auditing as a corporate governance mechanism in the Sub-Saharan capital markets.

Open Access
Research article
Corporate Governance and Modified Audit Opinion: Evidence from State Owned Enterprises in Kenya
mongeri oruke ,
cyrus iraya ,
luther otieno odhiambo ,
nixon oluoch omoro
|
Available online: 12-30-2020

Abstract

Full Text|PDF|XML

Purpose: The purpose of the study was to examine the relationship between corporate governance practices and modified audit opinion in the commercial and manufacturing sector of state owned enterprises in Kenya. Design/Methodology/Approach: The study collected data from 25 companies in the commercial and manufacturing sector covering the period 2013 to 2016. Logistic regression technique was adopted to analyze the variables. Findings: The study findings established negative and significant effect of both board size and board independence on modified audit opinion. This results suggest board size and percentage of independent directors significantly influenced the likelihood of state owned enterprises receiving modified opinion. Results on the effect of control variables; leverage and return on assets were statistically insignificant. Originality/Value: This study contributes to both theoretical literature and empirical evidence in the corporate governance in public sector context.

Abstract

Full Text|PDF|XML

Objective of the Study: The main purpose of the study is to investigate the "underdog" effect, which is expressed as sympathy for the disadvantaged on financial behavior. Ethnocentrism positioned as the moderator variable in the established research model. Methodology of the Study: The study was conducted with two different participant groups and each group was faced with the same questionnaire. The difference between the two participant groups was only the companies to choose for investing. In the control group, two different foreign company names were given regarding whether the "underdog" effect has an impact on financial investment decisions. Limited information about companies has been provided for "underdog" effect manipulation. Ethnocentrism scale was used for control purposes. In the experimental group, only the company names were changed in the questionnaire form, which was exactly the same as in the control group, and a Turkish company name of a foreign origin was given. The applied ethnocentrism scale used as a moderator variable role in the research model of this group. Findings of the Study: The results show that the participants in both groups are exposed to the "underdog" effect when making financial investment choices. According to the results of multiple regression analysis performed for the experimental group, the effect of ethnocentrism could only be mentioned in the first stage of the questionnaire form. Significance of the Study: The study is important in terms of presenting a different perspective on the functioning of decision- making behavior in financial investments, which is discussed in almost every field of social sciences. Additionally, it is important that the study examines the underdog effect, which is a phenomenon belonging to the field of psychology, together with the topic of ethnocentrism, which has recently started to be studied in the fields of marketing and business.

Abstract

Full Text|PDF|XML

The purpose of this research is to determine the effect of intellectual capital on price to book value (PBV) and moderation form of good corporate governance (GCG) in relation of intellectual capital on PBV. This research used quantitative approach that uses data from companies incorporated in the Indonesia Stock Exchange (IDX) and companies assessed by Indonesian Institute for Corporate Directorship (IICD) during the 20162018 period. The sampling method was purposive sampling method and obtained 53 companies with 159 observations in total. The analysis technique of this research is moderated regression analysis (MRA) using Statistical Package for Social Science (SPSS). The results show that intellectual capital has a positive significant effect on PBV, and also shows that the higher GCG, the relation of intellectual capital on PBV will be more positive. Companies can increase the use of intellectual capital followed by the implementation of good GCG principles in order to increase investors' perceptions of the company's future prospects as reflected in the PBV ratio. Investors who wish to invest in a company can pay attention to the company's ability to utilize intellectual capital in an effort to increase added value for the company and implement good GCG. This research contributes to the financial accounting research by expanding the knowledge on the price to book ratio and financial performance of capital market companies especially in managing the company resources.

Abstract

Full Text|PDF|XML

The perceived ineffectiveness of applicable regulations at its best promotes susceptibility of statutory auditors to compromise independence. Unlike most of the existing studies, this study investigated auditor independence regulations in Nigeria with a view to appraising their effectiveness in promoting independence of audit practitioners. Survey research design was employed to enable collection of relevant data from relevant practitioners using structured questionnaire. Descriptive method, Relative Importance/Significance Index (RII) and Mean Index Score (MIS) were employed for ranking and assessment of auditor independence regulations according to their effectiveness using a five-point Likert. Results revealed that the most effective auditor independence regulation as perceived by the experts was restriction on advertising with Relative Importance Index (RII) and Mean Index Score (MIS) of 0.82 and 4.08 respectively. Independent review by peers (RII = 0.68, MIS = 3.40) and rotation of audit partners (RII = 0.67, MIS = 3.37) were considered to be ineffective among others. Being the first known study on audit regulation effectiveness in the country, the study provided valuable insights for urgent intervention by relevant regulators to enforce compliance with applicable audit regulations in the interest of investors.

Abstract

Full Text|PDF|XML

Purpose: The purpose of the study was to investigate the long run relationship existing between petroleum profit and companies’ income taxes and economic growth in Nigeria in the period of 1980 to 2018. This is premised on realizing the role of taxation as a critical aspect of an economy’s fiscal policy framework. Design/Methodology/Approach: The secondary data for 39 years period. The analytical tools were Augmented Dickey- Fuller (ADF) unit root-test, Engle Granger Procedure Co- integration test, Parsimonious Error Correction Mechanism (ECM), Durbin-Watson statistic and over parameterized model. Findings: The results of the analysis reveal a positively significant association of studied variables with (0.9844) and (0.9471) co-efficients for petroleum profit tax and companies income tax respectively in relation independent variables integrate with the dependent variable at first order. This indicates long run relationship. Also, the parsimonious results shows a positive co-efficients of (3.6344) and (2.7644) and (2.7629) for t-values of CIT and PPT on economic growth. Originality/Value: In view of the results, government’s tactful handling of issues that are tax related was recommended so as to stimulate additional investments, entrepreneurial activities and innovations. The study contributes to the taxation and fiscal policy research by increasing our knowledge and understanding on the relationship subsisting between taxation revenue and economic growth.

Abstract

Full Text|PDF|XML

Market efficiency is the most important factor affecting the situation as to whether to obtain excessive profits of the investors. In the study, the return of BIST-100 Index and the efficiency of its sub-indices Industrial, Technology, Financial and Service Indices were examined. Used Harvey linearity test, beside other tests analysis linearity without any pre-condition. This increases the power of the test. The data set used in this study is the period between 07.03.2000 and 09.22.2015 consists of 3723 observations. The results of the study say that the analyzed variables are nonlinear. According to the results of the nonlinear unit root test, all the variables examined have a stationary structure. The excess returns are concerned. Therefore, the efficient market hypothesis in weak form in the markets is not valid.

- no more data -