TITLE

Impact of Global Economic Meltdown on Financial Accountability under Democratic Dispensation in Nigeria

AUTHOR(S)
Sanni, Babatunde Waidi; Osemene, Olubunmi Florence
PUB. DATE
June 2012
SOURCE
International Journal of Business & Commerce;Jun2012, Vol. 1 Issue 10, p14
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper examined the impact of global economic meltdown on financial accountability under democratic dispensation in Nigeria. Using a Multiple Regression Analysis, the results shows that there is a positive relationship between global economic meltdown and financial accountability under democratic dispensation in Nigeria. It was therefore recommended that government should shift emphasis from absolute reliance on mono-product economy and ensure that emphasis is given to agro-allied sector of the economy. In addition, there should be adequate compliance with International Financial Reporting Standard (IFRS) and International Public Sector Accounting Standard (IPSAS) in order to ensure internationally compliance with financial reporting statement preparation. This will ensure improvement in convergent harmonization in International Accounting and Reporting.
ACCESSION #
77891764

 

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