Pushing for Joint Audit in Nigeria

This study examines whether the decision to engage two audit firms to conduct a joint audit would be associated with audit quality and earnings quality. The data on the perception of accounting academics and professionals was gathered through the use of a structured questionnaire. Analyses were carried out using Mean and ANOVA methods tested at 5% significance level. The Findings revealed that the engagement of joint auditors would not contribute positively to audit quality, higher earnings quality and would increase the cost of audit. It was therefore recommended that a voluntary joint audit would be a strategy to promote compliance with the regulations, build capacity of small and medium-sized practitioners, raise the quality of financial reporting and increase the confidence of investors and the general public

Strategic Management of Working Capital and Financial Performance of Listed SMES in Nigeria

This study revealed the effects of effective management of WC on the financial performance of listed SMEs in Nigeria. The data for the study was spawned from the annual reports published by the listed SMEs in Nigeria. The proxy for the dependent variable is profit after tax (PAT) while that of the independent variables includes; inventories, trade and other receivables, gross profit and monetary policy rates. There are Nine (9) listed SMEs on the Alternative Security Markets (ASeM) while 5 were sampled by adopting the scientific random sampling technique. The study made use of panel regression analysis to empirically unravel the effects of the independent variables on the dependent variable of SMEs under study for seven years spanning from 2012 to 2018. It was revealed that positive but insignificant relationship exist between the dependent variable and three (3) independent variables, only trade and other receivables (TOR) were significantly and negatively related to the dependent variable. Thus, the recommendation that the Nigerian government should revisit the interest rate on SMEs loans to enhance accessibility and affordability which in the long run promotes the development of the sector and the nation at large