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Browsing by Author "Mubaraq Sanni"

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COMPREHENSIVE PERFORMANCE MEASUREMENT SYSTEMS: TOOLS FOR EFFECTIVE ECONOMIC MANAGEMENT
(MALETE JOURNAL OF ACCOUNTING AND FINANCE, 2019) Abdulrasaq Mustapha; Mubaraq Sanni
Performance measurement is all-endearing given its various roles identified in literatures. In spite of its shortcomings accounting performance measures have been traditionally and largely used by organisations to manage strategies to the advantage of stakeholders.. On this note, this paper critically evaluates accounting-based performance measures purposely to give insight on the need to embrace comprehensive performance measures as contemporary measurement tools for effective economic management. This is achieved through conceptual clarification of performance and performance measurement; evaluation of accounting-based performance measurement using Merchant and Van der Stede (2007) evaluation criteria; detailed discourse on various comprehensive performance measurement models that have evolved over the past two decades, with emphasis on their strengths and weakness; and, concluding remarks with advise that CIMA’s suggested steps to develop an effective performance measurements be followed to derive maximum benefit from any chosen performance measurement model.
EFFECT OF AUDIT FEE ON REAL ACTIVITIES MANIPULATIONS OF LISTED MANUFACTURING FIRMS IN NIGERIA
(Ilorin Journal of Finance, 2019-06-23) Mubaraq Sanni; Abdulrasaq Mustapha; Abdulrauf Isiaka Olayinka
The incessant reported cases of manipulations of accounting figures in the financial statement of companies globally have led to loss of stakeholders’ confidence in the audited financial statements of firms as the auditors failed to alert the stakeholders in their reports. Therefore, this study examined the effect of audit fee on real activities manipulation of listed manufacturing companies in Nigeria. Ex-post facto research design was employed as the research design. The population of the study consisted of seventy-four (74) listed manufacturing firms in the Nigeria Stock Exchange. Forty-one (41) firms stratified and randomly selected as its sample size. Descriptive statistics, panel regression analysis technique and Analysis of Variance (ANOVA) were employed in the analysis of the secondary data collected from the annual reports and accounts of the chosen sample firms for the period of six years (2012-2017). The study found that audit fee had a significant negative effect on the real activities manipulations as shown by the p-value of 0.000. The result of the study also revealed that there was no significant difference in the level of earnings management practice in the sub-sectors of the listed manufacturing companies in Nigeria as shown by the p-value of 0.326. The study recommended that policy makers such as the Institute of Chartered Accountants of Nigeria should not reduce the current scale of professional fee set by it in a gazette in May, 2011, in order to prevent likely future impairment of auditor’s independence
EFFECT OF BOARD CHARACTERISTICS AND FINANCIAL REPORTING QUALITY: EVIDENCE FROM LISTED FIRMS IN NIGERIA
(Ilorin Journal of Finance, 2019) Mubaraq Sanni; Abdulrasaq Mustapha; Saidu Musa
Incessant widespread of corporate financial scandals has been matters of concern among corporate stakeholders. This has been largely attributed to unethical accounting practices across the globe in the last decade. The management's unethical deals have cost the investing public serious financial losses amounting to several billions of naira. This study examines the effect of board characteristics and financial reporting quality of listed manufacturing companies in Nigeria. Ex-post facto research design was used with support of panel data. The population of the study was totality of one hundred and eighty-four (184) listed firms on the Nigerian Stock Exchange. The sample size was forty-three (43) listed manufacturing companies in Nigeria. The data were collected from secondary source through the annual reports of listed manufacturing firms on the Nigeria Stock exchange from 2007 to 2017. Descriptive statistics was employed and statistically analyzed using multiple regression analysis. Result of the study shows that board expertise had a positive significant effect with financial reporting quality of the listed manufacturing firms in Nigeria (t=4.010, p<0.001) at 5% significance level. The study concluded that board expertise affect financial reporting quality of the listed manufacturing firms in Nigeria. The study therefore rerecommended that they should increase the proportion of expertise in the board in order to enhance the quality of financial reports
Empirical Evaluation of Contemporary Performance Measurement Practice among Nigerian Microfinance Banks
(International Journal of Accounting, Finance and Management, 2016) Abdulrasaq Mustapha; Mubaraq Sanni
Banking is the core of the financial system which has important role in attracting deposit to provide credits to borrowers, services to customers and booting the economy development. Microfinance policy is designed to achieve the foregoing important role for low-income earners and the rural dwellers. Achieving this task, microfinance banks is expected to design and implement an appropriate performance measurement system that beyond traditional financial measures to monitor activities. This paper investigates the extent of Contemporary Performance Measures (CPM) usage in microfinance banks, identify the existing performance measures, problems encounter in implementing the measures and test if there is significant difference on the extent of usage of CPM between microfinance banks located in big and medium cities specifically Ibadan and Ilorin metropolis. Surveyed data collected from randomly selected forty (40) microfinance banks was analyzed through descriptive statistic techniques (percentage, mean scores) and independent sample T-test. The results suggest usage of CPM is low .in addition, our finding identify lack of resources, and little knowledge about CPM majorly account for low usage. This trend cut across cities as there was no significant difference between Ibadan and florin on the extent of usage of CPIV1.SntalI and Medium Business Organization in financial service sector should consistently review the performance measurement framework in line with global best practices and relevant Regulatory Agencies in (he financial service sector should evolve strategies to assist microfinance bank in the areas of performance management.
Ethical Accounting Practices and Financial Reporting Quality: Evidence from Listed Firms in Nigeria
(International Accounting and Taxation Research Group, Faculty of Management Sciences, University of Benin, Benin City, Nigeria, 2019-07-23) Mubaraq Sanni; Abdulrasaq Mustapha; Musa Saidu
Incessant widespread of corporate financial scandals have been matters of concern among corporate stakeholders. This has been largely attributed to unethical Accounting practices across the globe in the last decade. This study examines the effect of ethical Accounting practices and financial reporting quality of listed manufacturing companies in Nigeria. Primary data were collected through self-administered questionnaires, the population of the study is two hundred and fifteen (215) practicing accountant of those listed manufacturing firms in Nigeria of which they have at least minimum of five (5) engagement partners in each firm from the totality of forty three (43) manufacturing companies, sample size is one hundred and forty (140), random sampling technique was employed and statistically analyzed using Multiple regression analysis Results of the study show that: integrity of accountants has positive significant relationship with financial reporting quality of the listed manufacturing firms in Nigeria; objectivity of accountants has positive significant relationship with financial reporting quality of the listed manufacturing firms in Nigeria; professional behaviour was statistically significant and positively related with financial reporting quality of the listed manufacturing firms in Nigeria. The study concluded that, ethical Accounting practices affect financial reporting quality of the listed manufacturing firms in Nigeria. The study therefore recommended that professional Accountants should design more strategy that would encourage their members to continue abide by the ethical standards; and that the professional value system must be devoid of familiarity threat addressed to ethical standards.
Factors Influencing Tax Compliance among Small and Medium Enterprises in Kwara State
(Journal of Accounting and Management, 2018-12) Mubaraq Sanni; Abdulrasaq Mustapha; Taofeeq Abdulazeez
The proportion of income taxes from small and medium enterprises in Kwara State has been on the decrease. This is due to low tax compliance. This study investigates the factors underlying individual taxpayers' compliance of SMEs owners in Kwara State. Primary data were collected through self-administered questionnaire. The population of the study is the 365 owners of SMEs registered with the Kwara State Internal Revenue Service. The sample Size is 186 obtained through stratified technique. The data was analyzed using multiple regression technique. Results of the study show that tax awareness has positive significant effect on tax compliance. The study concluded that tax awareness and taxpayers' perception on government responsibilities are important consideration as far as tax compliance by SMEs owners in Kwara state is concerned. The study therefore recommends that government should further increase public awareness on tax matters and endeavor to increase the provision of social amenities and infrastructural facilities such as good health services among others
IMPACT OF AUDIT QUALITY ON EARNINGS MANAGEMENT OF LISTED MANUFACTURING COMPPANIES IN NIGERIA
(Gombe Journal of Administration and Management (GJAM), 2019-11-14) Mubaraq Sanni; Abdulrasaq Mustapha; Adeoluwa Victoria Adekanye
News on the collapse of business organization in Nigeria and by extension across globe particularly in the western economies that ought to have gotten to the awareness of the stakeholders are usually cover up or distorted through the manipulation of accounting figures. External auditors that are expected to discover various accounting manipulation also seems not to be effective. This scenario motivates this study to investigate the effect of audit quality on earnings management of listed manufacturing companies in Nigeria. This study was achieved by examining the effect of audit firm size, joint audit service and auditor's experience on earnings management of the listed manufacturing company in Nigeria. Ex-post facto research design was employed with the population consisting of seventy-six (76) listed manufacturing companies, and sixty-four (64) out of the companies were chosen as the sample size using Krejcie and Morgan (1970) sample size determination table and fifty-five (55) was used due to the availability of data. Descriptive and inferential statistics (random effect regression analysis with OLS techniques) were employed in the analysis of the secondary data collected from the annual reports and accounts of chosen sample companies for the period of five years (2013-2017). The study found out that audit firm size and joint audit service has a significant negative effect on the level of earnings management practice of listed manufacturing companies in Nigeria at 5% significant level (t-value of -0.3238 and -1.1757 with p-value of 0.002 and 0.000 respectively). This audit firm size and joint audit restrict and reduce the level of earnings management in listed manufacturing companies. However, auditor experience has no significant relationship with earnings management (t-value of -0.0021 with p-value0.063). The study thereby concluded that audit firm size and joint audit service has a significant negative impact with earnings management practice of listed manufacturing companies in Nigeria, while auditor's experience has no significance effect. Therefore, the study recommends that management should make use of large audit firms to audit their financial statement and the audit firms should emphasize more on high professional standards.
Impact of Corporate Governance Mechanisam on Corporate Tax Aggresiveness: A Survey of Selected Manufacturing Companies in Nigeria
(Advances in Management, 2016) Mathias Gboyega OGUNDEJI; Abdulrasaq Mustapha; Mubaraq Sanni; Oladipupo Murtala Tijani
This paper considers the impact of corporate governance mechanisms such as board size, independent director, gender diversity, quality of external auditors, managerial compensation and managerial ownership on corporate tax aggressiveness, among sampled quoted manufacturing companies in Nigeria. 24 out of the 32 fisted manufacturing companies on the Nigeria Stock Exchange as at March, 2016 were used for the study. Secondary data of the sampled companies for an investigation period spanning five years from 2010 to 2014 were used in the study. Our study employs on ordinary least square regression analysis to test the impact of afore listed corporate governance mechanisms on corporate tax aggressiveness. We find that the presence of female directors on corporate board reduces the likelihood of corporate tax aggressiveness, while, tax aggressiveness increases with the quality of external auditor, high managerial ownership of shares and high managerial compensation particularly tied to performance measurement. However, results for board size and proportion of outside directors ore not significant for the purpose of the current study. We recommend that, the appointment of more female directors on corporate board should be encouraged; domination of the big four audit firms in providing assurance and non-assurance audit services should be diluted by engagement of other highly structured partnership audit firms; managerial ownership of shares should be minimized and managerial compensation tied to performance should also be regulated. These are necessary to reduce tax aggressiveness in corporate organisation
Institutional Pressures and Accounting Control Practices of Small and Medium Manufacturing Enterprises (SMMEs) in Lagos State
(Journal of Advanced Research in Business and Management Studies, 2022-12-23) Abdulrasaq Mustapha; Mubaraq Sanni
The extent to which institutional pressures inform SMMEs’ choice of accounting controls system seems unclear as considerable evidence in this line of thinking are only available for large firms and public sectors organizations. In view of the foregoing, the study investigated the extent to which institutional pressures (Regulatory, Association and provider of capital pressures) influence Small and Medium Manufacturing Enterprises (SMMEs) choice of accounting control mechanisms (diagnostic budget, interactive budget and comprehensive reward system). The study obtained quantitative data through self-administered questionnaire from randomly selected 262 managers of small and Medium Manufacturing Enterprises in Lagos State. The obtained data were subjected to multiple regression analysis (Ordinary Least Squares). The findings of the study revealed that institutional contingency (association and regulatory) influence the choice of accounting control mechanisms. Specifically, variation in diagnostic budget practice is explained by regulatory pressure),Choice of interactive budget practice is also informed to a greater extent by both regulatory pressure and association pressure, while the choice of comprehensive reward system is driven by both regulatory and association pressure. Based on these findings, the study concludes that managers of Small and Medium Manufacturing Enterprises may use accounting control techniques as driven by association pressures and regulatory pressures not necessarily by the need to achieve goal congruence. Consequently, organizations may unnecessarily incur avoidable cost on the use of accounting control for other purposes that are not goal –congruence. Therefore, SMMEs owners/managers are advised to resist any institutional pressure in the choice of accounting control techniques. Instead, efforts should made towards achieving fit between chosen accounting control technique and the control problems such technique can effectively resolved.
PERFORMANCE MEASUREMENT, REWARD SYSTEM AND EMPLOYEES' DYSFUNCTIONAL BEHAVIOURS: EVIDENCES FROM MANUFACTURING SMALL AND MEDIUM ENTREPRISES IN KWARA STATE NIGERIA
(Gombe Journal of Administration and Management, 2019-11) Mubaraq Sanni; Abdulrasaq Mustapha; Wahab Lawal
Expectedly, control systems are design to align individual objectives with organization-wide objectives. However, this seems not to be observable in most cases going by the series of organization problems attributed to employee dysfunctional behaviors. This study attempts to investigate the extent to which performance measurement and reward control systems influence employees' dysfunctional behavior in manufacturing companies in Kwara State. To achieve this objective, well-structured questionnaires were sent to randomly selected one hundred and thirty-eight (138) line managers as respondents. Ordinary elast square regression analysis was employed in testing the hypotheses raised. The study found that reward system and performance measurement system have significant negative effect on the employee's dysfunctional behavior practice at 5% significant level(p-value of 0.034 and 0.04 respectively). This implies that reward system and performance measurement has capacity to restrain level of employee dysfunctional behavior. The study therefore recommends that the management of companies should use both intrinsic and extrinsic reward system as well as the use of balance score card for performance measurement in influencing employees to pursue organizations objectives
THE ROLE OF AUDIT COMMITTEE EFFECTIVENESS IN ENHANCING TIMELINESS OF CORPORATE FINANCIAL REPORTING IN THE NIGERIAN INSURANCE INDUSTRY
(Accounting Profession Journal, 2022-07-25) Abdulkadri Alabi; Mubaraq Sanni; Mustapha Abdulrasaq
This study investigated the impact of audit committee effectiveness on financial reporting timeliness in the Nigerian insurance industry. The study employed secondary data for the years 2012 - 2020. Hypotheses were tested using the Ordinary Least Square (OLS) method. The results revealed a significant relationship between timely financial reporting and audit committee size, expertise, and diligence. There was a negative but insignificant association between audit committee independence and financial reporting. The study concluded and recommended that audit committee effectiveness affects financial reporting timeliness in the insurance industry and that firms should increase the size and meeting frequency of the committee

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