Browsing by Author "Eunice Oluganna"

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    Effect of financial development on financial innovation in Nigeria
    (Department of Accounting, Faculty of Economics and Business, Diponegoro University Indonesia., 2018-06-28) Eunice Oluganna; Tajudeen Lawal; Daniya Adeiza Abdulazeez
    Financial sector is crucial for the development of a well-functioning market as it facilitate capital inflows, mobilize savings for productive investment and facilitates the conduct and growth of an economy in the world. Despite the importance of financial sector development in Nigeria, financial institution operating in financial market were confronted with drastic changes where by old ways of doing business were no longer profitable and sustainable and unable to acquire fund with their traditional financial instruments. Against this background, the study investigated the effect of financial sector development on financial innovation in Nigeria. The study employed secondary data obtained from central bank of Nigeria statistical bulletin and World Bank database between 2011 and 2017. The data obtained was subjected to system General Method of Analysis (GMM) estimator. The study concluded that upward trend of process innovation significantly influence the in depth of finance. The study recommends policy makers should design policies which will promote and enhance the relationship between financial innovation and financial development in other to increase the supply and provision of financial service.
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    Effect of forensic auditing on fraud prevention and detection in public sector organisation in Nigeria.
    (Governmental and Financial Accounting Research (GAFAR) Centre, Nasarawa State University, Keffi, 2018-06-30) Tajudeen Lawal; Lukman Ojedele Lawal; Eunice Oluganna
    This study is aimed at assessing the impact of forensic auditing in the detection and prevention of fraud in public sector organisations in Nigeria. Two hypotheses were formulated in line with the specific objectives of the study. This was tested with use of questionnaire administration to the corporate affairs commission. The question raised from the hypothesis was then tested with the use of statistical data to test the level of significance. In essence, the regression model was used on the response of the respondents. Based on the findings of the research which have already been summarised, the research work concluded that forensic auditing has a great impact in prevention and detection of fraud in Nigerian public sector organisation and therefore the skills and experience of forensic auditor should be employed in public sector organisations in Nigeria so as to reduce the occurrence of fraud and to detect any form of fraud perpetrated.
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    Outsourcing of internal auditing services and performance of organisations in Nigeria: A Conceptual Approach.
    (Faculty of Management and Social Sciences, Ibrahim Badamasi University, Lapai., 2020-06-30) Lukman Ojedele Lawal; Tajudeen Lawal; Eunice Oluganna
    The spate of corporate collapses and financial scandals has resulted in an increased focus on internal auditing as an important consideration for organisations. The basic role of internal auditing is to help management achieve company goals. It also provides assurance that management has implemented a satisfactory internal control system to prevent risks. It is observed that sourcing of internal audit services internally always leads to lack of independence by the staffs that provide these services since they are employees of the entity and under the control of management. In addition to that, the external auditors find it difficult to place reliance on the work performed by internal auditor. This study examines outsourcing of internal audit functions and performance of organisations in Nigeria by reviewing some selected studies from within and outside Nigeria. The objective of the study is to conduct a conceptual review (to determine how outsourcing of internal audit function affects performance of organisations in Nigeria based on the findings) of previous studies. This paper discovered from previous studies that outsourcing of internal audit functions is the remedy to efficiency, cost savings and reliability of internal audit services in every organisation. This study is of the opinion that more researches should be conducted on the topic in Nigeria and that organisations in Nigeria should key into outsourcing of their internal audit functions as this brings about cost saving, reliability of record as well as independence of opinion