The basic goal of accounting is to provide quality accounting information that will aid reliable decision-making. The quality level of this accounting information comes from the company＇s governance practices, thereb...The basic goal of accounting is to provide quality accounting information that will aid reliable decision-making. The quality level of this accounting information comes from the company＇s governance practices, thereby emphasizing the importance of corporate governance in companies. Recently, following the financial crises resulting in accounting scandals, attention has been moving towards internal audit function as an important factor in the structure of corporate governance. This paper therefore examined the extent of the relationship between internal audit function and the quality of accounting information of companies. The study adopted the survey research design. The research instrument employed was questionnaire which was administered to internal auditors of the ＂Big Four＂. Linear regression analysis was employed in the analysis of the data collected with the use of Statistical Packages for Social Sciences （SPSS）. The results revealed that there is a significant relationship between the internal audit characteristics and the quality of accounting information. It was recommended that in order to provide credibility to the financial statement, there should be a law in place mandating attachment of internal auditors report to the financial statement.展开更多
Poor power quality is really becoming an increasing phenomenon. Studies revealed that most companies, particularly multinationals in Nigeria, do not pay enough attention to the effects of poor power quality on their p...Poor power quality is really becoming an increasing phenomenon. Studies revealed that most companies, particularly multinationals in Nigeria, do not pay enough attention to the effects of poor power quality on their plant and equipment, and let the economic implications alone. The result is high production and maintenance cost. Findings also revealed that these companies loose an average of $50,000 annually owing to equipment damage （such as variable speed drives） caused by poor power quality. This paper focuses on the need for continuous monitoring and management of poor power quality disturbance parameters and the cost for economic implications of no addressing power quality issues.展开更多
文摘The basic goal of accounting is to provide quality accounting information that will aid reliable decision-making. The quality level of this accounting information comes from the company＇s governance practices, thereby emphasizing the importance of corporate governance in companies. Recently, following the financial crises resulting in accounting scandals, attention has been moving towards internal audit function as an important factor in the structure of corporate governance. This paper therefore examined the extent of the relationship between internal audit function and the quality of accounting information of companies. The study adopted the survey research design. The research instrument employed was questionnaire which was administered to internal auditors of the ＂Big Four＂. Linear regression analysis was employed in the analysis of the data collected with the use of Statistical Packages for Social Sciences （SPSS）. The results revealed that there is a significant relationship between the internal audit characteristics and the quality of accounting information. It was recommended that in order to provide credibility to the financial statement, there should be a law in place mandating attachment of internal auditors report to the financial statement.
文摘Poor power quality is really becoming an increasing phenomenon. Studies revealed that most companies, particularly multinationals in Nigeria, do not pay enough attention to the effects of poor power quality on their plant and equipment, and let the economic implications alone. The result is high production and maintenance cost. Findings also revealed that these companies loose an average of $50,000 annually owing to equipment damage （such as variable speed drives） caused by poor power quality. This paper focuses on the need for continuous monitoring and management of poor power quality disturbance parameters and the cost for economic implications of no addressing power quality issues.
