This contains research articles published by lecturers in the department of Accounting

Permanent URI for this collectionhttps://repository.nileuniversity.edu.ng/handle/123456789/103

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Author: search.filters.author.Zayyad Abdul-BakiStart date: 2020

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    Rethinking the periodic audit model; a thought about forensic accounting
    (International Journal of Critical Accounting, 2024-02-02) Uthman Ahmad Bukola; Zayyad Abdul-Baki
    Amidst various concerns about the fidelity of the periodic audit model as an assurance tool for establishing reliability of information, this paper seeks to provide a different dimension to the periodic audit model that may rebuild trust in it as an efficient tool for attesting information reliability. It explores a number of literatures to establish the weaknesses of audit as a fraud control mechanism and adopts a case to prove the potency of forensic accounting as a more viable tool for unveiling fraud. The combination of forensic accountant and an auditor working in an audit team under the guise of periodic audit should reduce if not completely eliminate fraud and other financial crimes. However the appointment and remuneration of the forensic accountant should be under a different authority, say the state. The paper encourages some reflections on an alternative practice of auditing given the increasing criticism of the long established accounting practice.
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    Financial Ratios as Performance Measure
    (Journal of Accounting and Management Information Systems (JAMIS), 2024-02-02) Zayyad Abdul-Baki; Uthman Ahmad Bukola; Mubaraq Sanni
    This study examines the effect of IFRS adoption on the performance evaluation of a case firm using some financial ratios selected from four major categories of financial ratios. The study was conducted through comparison of the ratios that were computed from IFRS based financial statements and Nigerian GAAP based financial statements. A One-Sample Kolmogorov-Smirnov Test was conducted to test for data normality. Mann-Whitney U test was employed in testing whether significant difference exists between the pair of ratios when the normality test showed a non-normal distribution of the data set. The result of the Mann-Whitney U test showed that there is no significant difference between the pair of ratios at 5% level of significance. It was concluded that the disclosure of IFRS compliant set of financial statements was not attributable to higher performance evaluation, through ratios, of the case firm. Rather, such disclosure could have been motivated by the capital needs theory or signaling theory.