Department of Accounting
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- ItemIMPACT OF COMPUTER ASSISTED AUDIT TOOLS AND TECHNIQUES (CAATTS) ON FRAUD DETECTION: EVIDENCE FROM DEPOSIT MONEY BANKS IN NIGERIA(The Seybold report, 2023) Adeyanju Olanrewaju DavidBusinesses across the world have seen tremendous changes as a result of information technology and have drastically altered the way transactions are documented, tracked, and reported in the accounting profession. The study investigated the influence of Computer Assisted Audit Tools and Techniques (CAATTs) on fraud detection in Nigerian Deposit Money Banks. Survey research design was adopted and a structured questionnaire was used to gather data from respondents through a conveniently sampling technique. 198 auditors and managers in the big-four audit firms and the twenty listed deposit money banks, were sampled. The data gathered was presented using descriptive statistical tools (frequency and percentages) and analyzed using the Partial Least Square Structural Equation Modeling (PLS-SEM), with the aid of the SmartPLS-3 software. The result of the analysis revealed a significant and positive effect of CAATTs components on fraud detection (β=0.458, t = 6.172, p < 0.05). The study concluded that CAATTs significantly influence the detection of fraud, among Deposit Money Banks in Nigeria. Therefore, it was recommended that stakeholders should implement policies that will drive the use of CAATTs for forensic auditing activities in the Nigerian banking sector. Furthermore, the government should support the efforts of the banks in fighting fraud by facilitating whistle-blowing policies and encouraging the creation of fraud-hotlines in the banks
- ItemIMPACT OF THE ADOPTION OF IFRS ON PERFORMANCE OF PRIVATE SECTOR ENTERPRISES IN NIGERIA(International Journal of Economics, Commerce and Management, 2020) Adeyanju Olanrewaju DavidThe study examined the implication of the adoption of IFRS on the performance of private enterprises in Nigeria. In specific terms, the study sought to determine the impact of IFRS adoption on the profitability, liquidity and financial leverage of private enterprises in Nigeria between 2013 and 2018. The relevant data was obtained on the variables sourced from the audited financial statements of selected firms, including their financial indices. The population of the study consists of all the 109 private sector firms quoted on the Nigerian Stock Exchange as at 31st December, 2018. The sample size of the study consisted of half of the population size, by purposive sampling. The study employed the correlational and ex-post facto design. The relevant theoretical framework is the stakeholder theory. The study employed random effect correlation and regression. From the analysis, it was found that IFRS adoption has no significant impact on the profitability, liquidity and financial leverage of selected private enterprises in Nigeria. It is thus recommended that Adequate resources should be put in place to support the sustainable implementation of IFRS by having consultative groups available to respond promptly to concerns to users and to provide for their ongoing trainings, and the required awareness of professional accountants, regulators and preparers should be intensified to improve the knowledge gap, as well as strengthening the capacity of the regulatory bodies and institutional framework on enforcement.
- ItemEffectiveness of Economic Policies in Combating Inflation in Nigeria(European Journal of Applied Sciences, 2021) Adeyanju Olanrewaju DavidThis study assessed the effectiveness of economic policies (monetary and fiscal policies) in fighting Nigeria's Inflation. Secondary data obtained over thirty-eight years (1981-2018) from the Central Bank of Nigeria (CBN)'s statistical bulletins were used. The econometric test was carried out on the data, which included the ADF-Fisher unit root test and the Johansen co-integration test. A Vector Autoregressive model was used to specify the relationship between the independent variables (Interest rate, Money supply and Liquidity ratio) and the dependent variable (Inflation rate), through the least squares technique. The result revealed that money supply and lending rate have direct and significant influence on inflation (p-values<0.05). However, external debt and government expenditure do not significantly influence inflation. The study concluded that monetary policy is more effective than fiscal policy in combating inflation. Therefore, it was recommended that financial institutions in Nigeria should comply with specified prudential guidelines on monetary policy implementations. Furthermore, the Central Bank of Nigeria should be allowed to carry out her functions without pressure or hinderance from any arm of government.
- ItemCOVID-19: IMPLICATIONS FOR E-SERVICE QUALITY ATTRIBUTES AND OUTCOMES OF E-BANKING(International Research Journal of Innovative Marketing, 2023) Adeyanju Olanrewaju DavidThe emergence of COVID-19 pandemic has brought about several challenges to the banking industry. One of the challenges is the quality of e-banking services, which has been critical for bank customers. The purpose of the study is to ascertain the e-service quality attributes that affect perceived e-banking quality and examine the relationships between e-banking perceived quality, perceived e-value, e-satisfaction and e-loyalty from e-banking users perspectives. The study adopted a cross-sectional research design and a quantitative approach. The researchers collected the data using a standardized questionnaire. A total of 384 questionnaires were administered via Google Form to e-banking users in Osun State, Nigeria, however, 171 responded to the survey. The data were analyzed using Structural Equation Modeling. The findings revealed that convenience, security, personalization and responsiveness best explain perceived e-banking quality during COVID-19. The results further indicated that the outcome categories (perceived e-value, e-satisfaction and e-loyalty) have strong associations with perceived e-banking quality. The route co-efficient between perceived e-value and e-satisfaction, as well as e-satisfaction and e-loyalty, were significant. The study's findings will provide a framework for bank executives to evaluate their e-banking performance and identify areas of e service delivery that they need to work on to improve customer perceptions of e-banking quality, e-value, e-satisfaction, and e-loyalty
- ItemBanking Methods and Processes (A Comprehensive Study Guide)(Latvia: Lambert Academic Publication, 2019) Adeyanju Olanrewaju David