The association between accounting standards, legal framework and the quality of financial reporting by a government ministry in Uganda
The association between accounting standards, legal framework and the quality of financial reporting by a government ministry in Uganda
Purpose – The purpose of this study is to examine the association between accounting standards, legal framework and the quality of financial reporting by the Ministry of Water and Environment in Uganda.
Design/methodology/approach – The study used a self?administered questionnaire to survey 120 staff and stakeholders of the Ministry of the Water and Environment. Correlation analysis was employed to determine the association between accounting standards, legal framework and the quality of financial reporting.
Findings – Results indicate that accounting standards and legal framework are all positively and significantly associated with the quality of financial reporting, providing evidence of the effect of accounting standards and legal framework on the quality of financial reporting in Uganda
Research limitations/implications – Scarce literature using African data means that it is not possible to compare the findings to previous research.
Practical implications – The finding of an association between accounting standards, the legal framework and quality of financial reporting implies that the government of Uganda needs to adopt a more robust approach in enforcing compliance to improve the quality of financial reports produced by the Ministry of Water and Environment.
Originality/value – This study contributes to the dearth of evidence on government accounting literature in Africa by investigating for the first time, the association between accounting standards, legal framework and the quality of financial reporting by a government department.
65-81
Nkundabanyanga, Stephen Korutaro
49d0cefd-0b44-43a9-a6cf-4480c2f0accd
Tauringana, Venancio
27634458-b041-4bc1-94da-3e031d777e4f
Balunywa, Waswa
d7193901-ce28-47fa-9328-9b402501b1c0
Emitu, Stephen Naigo
9396b978-c172-423b-84ec-b918265c9b24
2013
Nkundabanyanga, Stephen Korutaro
49d0cefd-0b44-43a9-a6cf-4480c2f0accd
Tauringana, Venancio
27634458-b041-4bc1-94da-3e031d777e4f
Balunywa, Waswa
d7193901-ce28-47fa-9328-9b402501b1c0
Emitu, Stephen Naigo
9396b978-c172-423b-84ec-b918265c9b24
Nkundabanyanga, Stephen Korutaro, Tauringana, Venancio, Balunywa, Waswa and Emitu, Stephen Naigo
(2013)
The association between accounting standards, legal framework and the quality of financial reporting by a government ministry in Uganda.
Journal of Accounting in Emerging Economies, 3 (1), .
(doi:10.1108/20440831311287709).
Abstract
Purpose – The purpose of this study is to examine the association between accounting standards, legal framework and the quality of financial reporting by the Ministry of Water and Environment in Uganda.
Design/methodology/approach – The study used a self?administered questionnaire to survey 120 staff and stakeholders of the Ministry of the Water and Environment. Correlation analysis was employed to determine the association between accounting standards, legal framework and the quality of financial reporting.
Findings – Results indicate that accounting standards and legal framework are all positively and significantly associated with the quality of financial reporting, providing evidence of the effect of accounting standards and legal framework on the quality of financial reporting in Uganda
Research limitations/implications – Scarce literature using African data means that it is not possible to compare the findings to previous research.
Practical implications – The finding of an association between accounting standards, the legal framework and quality of financial reporting implies that the government of Uganda needs to adopt a more robust approach in enforcing compliance to improve the quality of financial reports produced by the Ministry of Water and Environment.
Originality/value – This study contributes to the dearth of evidence on government accounting literature in Africa by investigating for the first time, the association between accounting standards, legal framework and the quality of financial reporting by a government department.
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More information
Published date: 2013
Organisations:
Centre of Excellence for International Banking, Finance & Accounting
Identifiers
Local EPrints ID: 405335
URI: http://eprints.soton.ac.uk/id/eprint/405335
ISSN: 2042-1168
PURE UUID: efc02d12-d36a-4096-bdca-150313a15a5a
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Date deposited: 02 Feb 2017 16:51
Last modified: 16 Mar 2024 03:58
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Contributors
Author:
Stephen Korutaro Nkundabanyanga
Author:
Waswa Balunywa
Author:
Stephen Naigo Emitu
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