Past studies have documented the relevance of strong industrial base to economic development. Alt... more Past studies have documented the relevance of strong industrial base to economic development. Although several measures have been put in place to develop the industrial sector, the performance of Micro, Small and Medium Scale Businesses (MSMEs) leaves much to be desired. This study examines socio-economic factors affecting Micro, Small and Medium Scale Enterprises Performance in Maiduguri Borno State, Nigeria. Data was generated from a survey of 84 Micro Small Medium Enterprises operators in Maiduguri and analyzed with the aid of Statistical Package for Social Sciences (SPSS) version 23. Descriptive and Inferential Statistics were used to analyze the data collected. The results from the Exploratory Factor Analysis, Correlation and Multiple Regression Analysis show that insecurity and inadequate infrastructural facilities are the most significant factors affecting MSMEs performance in Borno state. The study therefore recommends that government should provide better security and impro...
Past studies have suggested that impairment of auditor objectivity and integrity is associated wi... more Past studies have suggested that impairment of auditor objectivity and integrity is associated with various factors, prominent among which are provision of non-audit services, extended audit tenures, audit market competition, client size and audit firm size. Recent studies have however indicated that apart from these threats, the ethical culture within audit firms may have significant effect on auditor conclusions, auditor objectivity and integrity and ultimately audit quality. Although some studies have examined ethical culture in relation to auditor objectivity, none has considered their effect on auditor integrity despite the close association between auditor objectivity, integrity and ethical culture. This conceptual paper proposes that Ethical culture and auditor objectivity influence auditor integrity and could have implications for professional practice and audit firm cultures in Nigeria.
There has been much public, professional, regulatory and scholarly concern about auditor independ... more There has been much public, professional, regulatory and scholarly concern about auditor independence in recent times. This is because of the high incidence of corporate collapses and the role of the auditor as a watchdog. Although auditor independence depends on both fact and appearances, researchers and regulators focus on examining appearances of independence because of the inability to observe the auditors state of mind. These perceptions inform the confidence reposed on financial statements and consequently, efficiency of capital markets. Inconsistencies in measuring auditor independence by using diverse proxies have resulted in conflicting findings in evaluating the constituents of auditor independence. This paper proposes that auditor independence as defined by fact and appearances can and should be measured by regulatory and informed stakeholders in order to determine the confidence to be reposed on financial reports and audit quality. This can be achieved by assessing user ...
Australian Journal of Business and Management Research
Micro, Small and Medium Scale Enterprises are considered the engine for growth of any nation. Yet... more Micro, Small and Medium Scale Enterprises are considered the engine for growth of any nation. Yet, the performance of these enterprises leaves much to be desired. Scholars have asserted that this poor performance is influenced by numerous factors. The study explores the factors influencing the performance of Micro, Small and Medium Scale Businesses in Borno state, Nigeria. A small sample of MSME owners across Maiduguri metropolitan council were randomly surveyed using a single questionnaire. The content validity of the instrument was assessed by scrutiny and validation from two Professors of Management from the University of Maiduguri to ensure statements are clear and capture what they are intended to measure. The reliability of the instrument was also examined using the Cronbach alpha coefficient to ensure items are consistent in measuring each construct. Data was coded and analyzed with the aid of Statistical package for Social Sciences (SPSS) version 23. Results from the explora...
Past studies on auditor independence (AI) generally focused on factors influencing AI by examinin... more Past studies on auditor independence (AI) generally focused on factors influencing AI by examining individual or group of factors posited to impact AI using various proxies of AI. Since regulatory frameworks define AI along two dimensions (fact and appearance), the use of proxies such as non-audit fees ratio, audit to total fees ratio or client importance is insufficient, because of their inability to capture both dimensions of AI. The study investigated the concept of AI and developed a measure for AI based on Nigerian stakeholders’ perceptions. The first phase investigated the constituents of AI and how they interdependently measure AI. Data was collected from 233 stakeholders comprising practising accountants, bank loan officers, members of the corporate governance body, Financial Reporting Council officers, officers of the Federal Inland Revenue Service and shareholders, using disproportionate stratified sampling. Results from exploratory and confirmatory factor analysis showed ...
There has been much public, professional, regulatory and scholarly concern about auditor independ... more There has been much public, professional, regulatory and scholarly concern about auditor independence in recent times. Th is is because of the high incidence of corporate collapses and the role of the auditor as a watchdog. Although auditor independence depends on both fact and appearances, researchers and regulators focus on examin ing appearances of independence because of the inability to observe the auditors state of mind. These perceptions inform the confidence reposed on financial statements and consequently, efficiency of capital ma rkets. Inconsistencies in measuring auditor independence by using diverse proxies have resulted in conflict ing findings in evaluating the constituents of auditor independence. This paper proposes that auditor independence as defined by fact and appearances can and should be measured by regulatory and informed stakeholders in o rder to determine the confidence to be reposed on financial reports and audit quality. This can be achieved by assessing user perceptions and developing a perceived auditor independence rating (PAI) index based on identified constituents. The paper also proposes that the acceptability of the rating index to stakeholders can be evaluated to assess how stakeholders rate auditors' independence. Nine propositions are made to support and exa mine the proposed framework.
Past studies have documented the relevance of strong industrial base to economic development. Alt... more Past studies have documented the relevance of strong industrial base to economic development. Although several measures have been put in place to develop the industrial sector, the performance of Micro, Small and Medium Scale Businesses (MSMEs) leaves much to be desired. This study examines socio-economic factors affecting Micro, Small and Medium Scale Enterprises Performance in Maiduguri Borno State, Nigeria. Data was generated from a survey of 84 Micro Small Medium Enterprises operators in Maiduguri and analyzed with the aid of Statistical Package for Social Sciences (SPSS) version 23. Descriptive and Inferential Statistics were used to analyze the data collected. The results from the Exploratory Factor Analysis, Correlation and Multiple Regression Analysis show that insecurity and inadequate infrastructural facilities are the most significant factors affecting MSMEs performance in Borno state. The study therefore recommends that government should provide better security and impro...
Past studies have suggested that impairment of auditor objectivity and integrity is associated wi... more Past studies have suggested that impairment of auditor objectivity and integrity is associated with various factors, prominent among which are provision of non-audit services, extended audit tenures, audit market competition, client size and audit firm size. Recent studies have however indicated that apart from these threats, the ethical culture within audit firms may have significant effect on auditor conclusions, auditor objectivity and integrity and ultimately audit quality. Although some studies have examined ethical culture in relation to auditor objectivity, none has considered their effect on auditor integrity despite the close association between auditor objectivity, integrity and ethical culture. This conceptual paper proposes that Ethical culture and auditor objectivity influence auditor integrity and could have implications for professional practice and audit firm cultures in Nigeria.
There has been much public, professional, regulatory and scholarly concern about auditor independ... more There has been much public, professional, regulatory and scholarly concern about auditor independence in recent times. This is because of the high incidence of corporate collapses and the role of the auditor as a watchdog. Although auditor independence depends on both fact and appearances, researchers and regulators focus on examining appearances of independence because of the inability to observe the auditors state of mind. These perceptions inform the confidence reposed on financial statements and consequently, efficiency of capital markets. Inconsistencies in measuring auditor independence by using diverse proxies have resulted in conflicting findings in evaluating the constituents of auditor independence. This paper proposes that auditor independence as defined by fact and appearances can and should be measured by regulatory and informed stakeholders in order to determine the confidence to be reposed on financial reports and audit quality. This can be achieved by assessing user ...
Australian Journal of Business and Management Research
Micro, Small and Medium Scale Enterprises are considered the engine for growth of any nation. Yet... more Micro, Small and Medium Scale Enterprises are considered the engine for growth of any nation. Yet, the performance of these enterprises leaves much to be desired. Scholars have asserted that this poor performance is influenced by numerous factors. The study explores the factors influencing the performance of Micro, Small and Medium Scale Businesses in Borno state, Nigeria. A small sample of MSME owners across Maiduguri metropolitan council were randomly surveyed using a single questionnaire. The content validity of the instrument was assessed by scrutiny and validation from two Professors of Management from the University of Maiduguri to ensure statements are clear and capture what they are intended to measure. The reliability of the instrument was also examined using the Cronbach alpha coefficient to ensure items are consistent in measuring each construct. Data was coded and analyzed with the aid of Statistical package for Social Sciences (SPSS) version 23. Results from the explora...
Past studies on auditor independence (AI) generally focused on factors influencing AI by examinin... more Past studies on auditor independence (AI) generally focused on factors influencing AI by examining individual or group of factors posited to impact AI using various proxies of AI. Since regulatory frameworks define AI along two dimensions (fact and appearance), the use of proxies such as non-audit fees ratio, audit to total fees ratio or client importance is insufficient, because of their inability to capture both dimensions of AI. The study investigated the concept of AI and developed a measure for AI based on Nigerian stakeholders’ perceptions. The first phase investigated the constituents of AI and how they interdependently measure AI. Data was collected from 233 stakeholders comprising practising accountants, bank loan officers, members of the corporate governance body, Financial Reporting Council officers, officers of the Federal Inland Revenue Service and shareholders, using disproportionate stratified sampling. Results from exploratory and confirmatory factor analysis showed ...
There has been much public, professional, regulatory and scholarly concern about auditor independ... more There has been much public, professional, regulatory and scholarly concern about auditor independence in recent times. Th is is because of the high incidence of corporate collapses and the role of the auditor as a watchdog. Although auditor independence depends on both fact and appearances, researchers and regulators focus on examin ing appearances of independence because of the inability to observe the auditors state of mind. These perceptions inform the confidence reposed on financial statements and consequently, efficiency of capital ma rkets. Inconsistencies in measuring auditor independence by using diverse proxies have resulted in conflict ing findings in evaluating the constituents of auditor independence. This paper proposes that auditor independence as defined by fact and appearances can and should be measured by regulatory and informed stakeholders in o rder to determine the confidence to be reposed on financial reports and audit quality. This can be achieved by assessing user perceptions and developing a perceived auditor independence rating (PAI) index based on identified constituents. The paper also proposes that the acceptability of the rating index to stakeholders can be evaluated to assess how stakeholders rate auditors' independence. Nine propositions are made to support and exa mine the proposed framework.
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Papers by Fatima Alfa Tahir