Afro-Asian Journal of Finance and Accounting最新文献

{"title":"Forensic Accounting and Fraud Control in Auditing Firms in Kigali, Rwanda","authors":"Jean Pierre Niyitegeka","doi":"10.53819/81018102t4233","DOIUrl":"https://doi.org/10.53819/81018102t4233","url":null,"abstract":"The primary goal of this study was to determine how forensic accounting contributes to fraud prevention and control within the Auditing Firms in Kigali, Rwanda. More specifically, the stud y sought to examine how internal controls, knowledge of forensic accounting and skills and management tools influence fraud control in Auditing Firms in Kigali, Rwanda. The study was anchored on Fraud Triangle Theory and Fraud Diamond Model. Descriptive research design was adopted to help determine patterns and trends in order to make conclusions from the data collected. The target population for this study was a total of 76 staff members thereby employing a census approach. The researcher was collected by primary data by use of closed-ended questionnaires to the respondents. For these, the study used simple random sampling to select all the respondents. Primary data was collected by use of closed-ended questionnaires to the respondents. Secondary data was collected using data collection sheet. Secondary Data involved the use of financial reports, regulatory documents, and academic literature will be reviewed to gain insights into the prevailing financial fraud trends in Rwanda. Validity and reliability were tested to ensure the sanctity of the research tool and thus facilitate piloting which was done to selected auditing firms Rusumo. Data analysis was conducting using both descriptive (Frequencies, mean, standard deviation) and inferential (regression and correlation) statistical methods using the Statistical Package for Social Sciences (SPSS version24). Keywords: Forensic Accounting, Fraud Prevention, Auditing Firms, Internal Controls, Kigali, Rwanda","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"50 18","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134902810","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Impact of Electronic Tax System Implementation on Efficient Revenue Collection in Rwanda; A Study of Rwanda Revenue Authority Gasabo District","authors":"","doi":"10.53819/81018102t2268","DOIUrl":"https://doi.org/10.53819/81018102t2268","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"43 8","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134900792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Integrated Macroeconomic Variables and Financial Growth of the Real Estate Sector in Kenya","authors":"Jackline Wanjiku Kimemia","doi":"10.53819/81018102t4232","DOIUrl":"https://doi.org/10.53819/81018102t4232","url":null,"abstract":"The real estate sector has been growing over the years because of major infrastructural developments and high population growth in Kenya. However, the sector has been facing some challenges that have been affecting its growth. This research aimed to assess how macroeconomic factors influence Kenya’s real estate financial success. The research primarily focused on determining inflation, interest rates, exchange rates’ impact and economic growth on Kenya’s real estate sector. The study was underpinned by demand-pull inflation theory, the classical/neo classical theory for interest rates, the classical growth theory and purchasing power parity. The study employed causal research design and targeted three main Kenyan real estate developers in Kenya; Cytonn Investments, Hass Consult, and Knight Frank. In light of the small target population, a census approach was used and the research employed secondary data. As a result, secondary data from the property developers’ yearly market reports from 2016 to 2022 was gathered. Pearson’s correlation and panel data analysis methods were also employed. The findings revealed that the relationship between inflation, interest rates, exchange rates and economic growth revealed R-squared value of 0.8057, implying that the macroeconomic variables explains around 81% of the variation in financial growth within the real estate sector. The study also found that inflation had positive and significant effect on financial growth (β =0.0045187, p=.048<.05), interest rate had positive and significant effect on financial growth (β =0.044177, p=.011<.05), exchange rate had negative but insignificant effect on financial growth (β =-0.0178337, p=0.227>.05), economic growth had positive and significant effect on financial growth (β =0.0980943, p=0.007<.05). The study recommends that financial institutions, policy makers, and developers should implement measures to mitigate the adverse effects of high inflation on the real estate sector. Keywords: Inflation, Interest rates, Exchange rates, Economic growth, Macroeconomics factor.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"39 12","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136283443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Audit Quality Control and Standards: A Case Study of Auditing Firms in Kigali, Rwanda","authors":"","doi":"10.53819/81018102t2267","DOIUrl":"https://doi.org/10.53819/81018102t2267","url":null,"abstract":"Most accounting firms do not acknowledge they are susceptible to non-compliance on audits in lieu to accounting standards globally. The effectiveness of audit quality control mechanisms is essential to maintain the integrity and reliability of financial reporting. However, noncompliance with these controls can jeopardize the quality of audits and erode trust in financial markets.&nbsp; According to studies, accounting standards infringement may happen both inside and internationally and may include clients, staff, or other important stakeholders in a firm. According to the findings of previous studies, non-compliance to accounting standards can happen even when there are no due regulations, tools, and models in place.&nbsp; This proposal sought to explores the critical issue of audit quality control noncompliance and its impact on auditing standards within the context of auditing firms in Kigali, Rwanda. More specifically, this research sought to investigate the influences of influence of competence and standards on auditing firms in Kigali, Rwanda, establish the influence of firm’s accountability and standards on auditing firms in Kigali, Rwanda and finally determine the influence of due professional care and standards on auditing firms in Kigali, Rwanda. The study was anchored on Signaling Theory and agency theory. The study adopted descriptive research design method. The population of the study encompassed all the 23 auditing firms in Kigali, Rwanda thus a census approach was applied. The researcher used secondary data from the auditing firms. Descriptive statistics, such as frequencies and percentages, were used to summarize and present the survey responses. The research result revealed that all the predictor variables had a moderate relationship on standards. Accountability tools ranking last with (r = 0.519). Pearson Correlation coefficient of competence and standards was computed and established as {0.553, p-value < 0.001} policies contribute moderately to fraud control The computed Pearson correlation coefficient for due professional care on standards control was (r=0.547, p-value < 0.001). By investigating the prevalence, causes, and consequences of noncompliance, it sought to provide valuable insights for auditors, regulators, and policymakers to enhance audit quality and uphold auditing standards in Rwanda's financial reporting landscape.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"80 12","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135037110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Internal Audit Operational Efficiency and Performance of Public Institutions in Rwanda: The Case of Ngoma District","authors":"Innocent Ndungutse","doi":"10.53819/81018102t4229","DOIUrl":"https://doi.org/10.53819/81018102t4229","url":null,"abstract":"This study aimed to investigate the impact of internal audit operational efficiency on the performance of public institutions in Rwanda, using a case study of Ngoma District. The study aimed to identify the main internal control activities, assess the role of internal audit operations in identifying and assessing risks, establish the effects of internal audit operations on ensuring compliance with laws, regulations, and internal policies, analyze the contributions of internal audit operations in detecting and deterring fraudulent activities, and find out the impact of an effective audit system on operational efficiency. The target population consisted of 120 staff working at the Ngoma District head office in Kigali, with 92 being a sample. Primary data was collected through structured questionnaires and secondary data from Ngoma District reports and online resources. The statistical analysis revealed several strong and highly significant correlations between internal audit operationalization processes and the performance of public institutions. There is a substantial positive correlation between the internal audit processes of File Verification, approval, and Authorization and the institution's ability to detect and assess risks. The study also demonstrates a significant correlation between computer system control measures in the internal audit process and an institution's ability to adhere to legal requirements, regulations, and internal policies. A strong and statistically significant correlation is found between the implementation of backup and file recovery procedures and the prevention of fraudulent activities, emphasizing the importance of data integrity and security in maintaining trustworthiness. Finally, the research reveals a robust and statistically significant association between staff monitoring and the operational efficiency of public institutions, underlining the critical role of accountability and supervision in streamlining processes and resource allocation. These findings emphasize the significance of comprehensive internal audit practices and controls in enhancing the performance, governance, and effectiveness of public institutions in Ngoma district. Keywords: Internal Audit, Operational Efficiency, Public Institutions, Rwanda","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"68 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135036743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate Social Responsibility and Organizational Performance: A Case of Bralirwa Ltd","authors":"Jean Claude Mpakaniye","doi":"10.53819/81018102t4225","DOIUrl":"https://doi.org/10.53819/81018102t4225","url":null,"abstract":"Corporate social responsibility has become an important topic for Business Company, especially since the business sector of financial services is related to conditions of uncertainty. The general objective of this study was to determine the impact of corporate social responsibility on organizational performance with a case study of Bralirwa Limited. Specifically, the objectives were to determine the nature of corporate social responsibility practiced in organization, to assess the contribution of corporate social responsibility on organizational performance, and to evaluate the relationship between corporate social responsibilities on organizational performance in Bralirwa Limited. The descriptive research design was applied with qualitative and quantitative approaches. This study used only the secondary data. The information collected on Bralirwa Limited websites. Over the last twenty years the Bralirwa Limited expended very fast, it has enhanced their times and the scale bigger than ever. Many studies discuss brand and market strategies but few to work on how Corporate Social Responsibility influence financial performance of the Company. On the nature of corporate social responsibility practiced by Bralirwa Limited it was established that Bralirwa Limited implemented some activities which contribute to the communities’ life being development. Those activities include that Bralirwa Limeted provided the Sponsorship of 21 million Rwf to support the Bye Bye Nyakatsi project that were retrieving disadvantage and poor families from grass thatched houses in Bugesera District. On the impact of corporate social responsibility (CSR) on organizational performance, it showed that CSR have a significant impact on the organizational performance of a company like Bralirwa in several ways as summarized by (Lee&amp; Shin 2010) (1) it is easiest to attract resources, (2) it can obtain quality employees, (3) it easier to market product and services, (4) it can create unforeseen opportunities and (5) it can be an important sources of competitive advantage. The study concluded that Bralirwa Limited has the good believes in making a difference to the community in which it operates. The Bralirwa’s key theme in its CSR programs/activities undertaken is guaranteeing sustainability across all aspects of its business by improving environmental impact, empowering their communities, and positively promoting the role of the company’s CSR in communities. For the up-to-date information on Bralirwa's CSR initiatives and their impact on organizational performance, study recommended referring to the company's official reports, statements, and disclosures, as well as consulting with financial analysts or experts who specialize in CSR evaluations. Keywords: Corporate Social Responsibility, Organizational Performance, Bralirwa Ltd, Rwanda","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"118 33","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135136857","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Interest Rate Capping and Performance of Commercial Banks in Bangkok, Thailand","authors":"","doi":"10.53819/81018102t5274","DOIUrl":"https://doi.org/10.53819/81018102t5274","url":null,"abstract":"Interest rate capping is a regulatory mechanism designed to limit the maximum interest rates that banks can charge on loans and credit products, with the primary aim of protecting consumers from usurious practices. However, this practice presents a complex challenge as it can impact the profitability of commercial banks by constraining their interest income. To thrive in this regulatory environment, banks should balance profitability concerns with the imperative to provide fair and accessible financial services to their customers while complying with interest rate caps. The study adopted the descriptive research design. The target population was 25 commercial banks in Bangkok, Thailand.&nbsp; The study did sampling of 20 respondents that were chosen from the target population of 25 commercial banks in Bangkok, Thailand. Questionnaires were used to gather the data. In conclusion, the relationship between interest rate capping and the performance of commercial banks in Bangkok, Thailand is a delicate balancing act. While interest rate capping seeks to protect borrowers and promote financial stability, it can also pose challenges to the profitability of commercial banks. The ultimate success of this regulatory practice hinges on the ability of banks and regulators to collaborate in creating a regulatory environment that safeguards the interests of consumers, maintains financial stability, and fosters a competitive and sustainable banking sector. The study recommended that Thailand should implement a flexible regulatory framework that allows for periodic reviews and adjustments of interest rate caps based on economic conditions. Commercial banks should focus on effective risk management, adopting advanced credit assessment tools and diversifying revenue streams through innovative financial products to mitigate the impact of reduced interest income. Additionally, promoting financial education and enhancing consumer protection measures will empower borrowers to make informed financial decisions while ensuring transparent lending practices in a regulated environment. Keywords: Interest Rate Capping, Performance, Commercial Banks, Thailand","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"11 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135479758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effect of Commercial Bank Services on the Growth of Small and Medium Enterprises in Rwanda: A Case of Manufacturing Small and Medium Enterprises Bankrolled by Bank of Kigali","authors":"","doi":"10.53819/81018102t2255","DOIUrl":"https://doi.org/10.53819/81018102t2255","url":null,"abstract":"The general objective of the study&nbsp;was to investigate effects of commercial bank services on the growth of small and medium enterprises in Rwanda. Specifically, the study evaluated the effect of bank loan services on the growth of manufacturing small and medium enterprises in Rwanda, determine the effect of saving services on growth of manufacturing small and medium enterprises in Rwanda and identify the effect of financial literacy services on the growth of manufacturing small and medium enterprises in Rwanda. Located in Kigali's Special Economic Zone, the branch of Bank of Kigali served as the site for the research. The study included both quantitative and qualitative methods. The research was done with small and medium-sized businesses who regularly utilize Bank of Kigali services. The study's population consisted of 317 small and medium-sized manufacturing businesses that do business with Bank of Kigali and have checking accounts there. The study's sample size was determined via the Solvin formula. Purposive sampling was used to pick a representative sample from the population to assure the validity of the results.&nbsp; Quantitative data on the relationship between commercial bank services and SME growth was gathered via a survey of 177 businesses. SPSS (Statistical Product and Service Solutions) was used for the analysis of the gathered data.&nbsp; There is a correlation between the three predictor variables (financial literacy services, saving services, and bank loan services) and the dependent variable (Growth of manufacturing SMEs of Bank of Kigali-Rwanda). Taking into consideration the total number of predictors, the modified R square value of 0.720 is calculated. Growth of manufacturing SMEs of Bank of Kigali-Rwanda results often differ from the projected values based on the model by an average of 0.34637, which is the standard error of the estimate. The results of an analysis of variance (ANOVA) suggest a significance level of 0.000<0.05, with F=130.431. This indicates the study's author is certain that the study's focus on financial literacy, savings, and bank loan services contributed to the expansion of Bank of Kigali-Rwanda's manufacturing SMEs. The results showed a very significant positive link between Growth of manufacturing SMEs of Bank of Kigali-Rwanda and financial literacy, saving, and bank loan services (p<&nbsp;0.05). Bank of Kigali should expand lending services with competitive rates, promote tailored savings products, and provide incentives for regular savings to support SME growth. Additionally, enhancing financial literacy programs through workshops and consultations will empower SMEs to make informed financial decisions, contributing to their success in Rwanda. Keywords: Commercial Bank Services, Growth of Small and Medium Enterprises, Bank of Kigali, Rwanda","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"140 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135475836","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Cashflow Management Practices and the Financial Performance of Five-Star Hotels in Nairobi County, Kenya","authors":"","doi":"10.53819/81018102t2257","DOIUrl":"https://doi.org/10.53819/81018102t2257","url":null,"abstract":"Financial performance of entities in the hospitality industry continue to elicit widespread scholarly interest in the modern competitive business landscape. Effective cashflow management practices remain the mainstay of financial performance in most organizations. However, scholarly research on cashflow management practices enable performance improvement in Kenya’s hospitality industry particularly five-star hotels in Nairobi County is largely limited. The current study examined cashflow management practices’ impact on the financial performance of five-star hotels in Nairobi County, Kenya. The theory that underpinned the study is the Liquidity Preference Theory. A descriptive research design was used and it involved using a survey distributed to all five-star hotels in Kenya. Financial and general managers and their assistants from each five-star hotel provided insights through a closed-ended questionnaire that enabled the researcher to collect and analyze numeric data. Data collected was coded and entered into the package referred to as the Statistical Package for Social Sciences (SPSS) used to analyze quantitative data. The analyzed data revealed that there is a significant relationship between cashflow management practices (p=0.039; p<0.05) and the financial performance of five-star hotels in Nairobi City County, Kenya. The study recommended that five-star hotels in Nairobi County should adopt effective strategies for cashflow management to actualize improved financial performance. Keywords: cashflow management practices, financial performance, Nairobi County, five-star hotels.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"299 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135475072","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Monetary Policy Implementation and Financial Performance of Commercial Bank in Rwanda: A Case of Equity Bank, Rwanda","authors":"","doi":"10.53819/81018102t2256","DOIUrl":"https://doi.org/10.53819/81018102t2256","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"208 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135475971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}