Abdulmalik, S. O. and Che Ahmad, Ayoib (2016) Corporate governance and financial regulatory framework in Nigeria: Issues and challenges. Journal of Advanced Research in Business and Management Studies, 2 (1). pp. 50-63. ISSN 2462-1935
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Abstract
The aim of this paper is to identify those factors that are peculiar to Nigeria which are likely to challenge the beneficial impact of the new accounting and corporate governance regulatory initiative in the country by using available anecdotal and empirical evidence.Based on our review, we find out that poor monitoring and compliance mechanisms arising from conflicting regulatory laws and the impairment of board of directors and auditor independence arising from the nature of firm ownership structure in Nigeria contribute to the failure in accounting and corporate governance practice.Of which if not address the ongoing effort by the Nigeria government to strengthen financial reporting atmosphere in Nigeria might not be realizable.Therefore, this study recommends that future accounting and corporate governance regulatory reforms in Nigeria should take into account the country institutional setting.
Item Type: | Article |
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Uncontrolled Keywords: | Corporate governance, Financial Reporting, ownership structure, and Nigeria |
Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
Divisions: | Tunku Puteri Intan Safinaz School of Accountancy (TISSA) |
Depositing User: | Prof. Dr. Ayoib Che Ahmad |
Date Deposited: | 15 Nov 2016 02:29 |
Last Modified: | 15 Nov 2016 02:29 |
URI: | https://repo.uum.edu.my/id/eprint/19499 |
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