The Growing Issue of Business Fraud in Burkina Faso: What Best Prevention Device?

Financ. account. res. j.

2021

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Many corporate failures have occurred over the years as a result of poor financial reporting practices that have eluded investors and other consumers of financial data. The research used the University for Development Studies (UDS) as a case study. The study focused on three main goals: identifying emerging determinants of quality financial reporting, examining the efficacy and adequacy of UDS's internal control structure, and determining how much Internal Audit contributes to quality financial reporting. The research used a descriptive survey template and a sample size of 70 people who were chosen using purposive and stratified sampling techniques. To achieve objectives one and two, the analysis used binary regression, while to achieve objective three, the Best (2005) index was updated and used. Financial reporting accuracy, a computerized accounting system, and personnel competence were found to be determinants of quality financial reporting in the study. It was discovered that UDS' internal control system is ineffective since two of the five main components that make up an efficient internal control system, namely control environment and information and communication, are not properly implemented. The study found that UDS' internal audit reflects an average level of fraud prevention in terms of the robustness of auditing processes and fraud prevention indicators, with the remaining indicators indicating a high level of fraud prevention. Overall, UDS' internal auditing reveals a high degree of prevention. The University for Development Studies (UDS) should analyze, define, and enforce control setting, information, and communication components of the internal control system that are appropriate for their work processes, as well as enhance the existing components, according to the report. Keywords: Internal Audit, Financial Reporting, Public Sector, Ghana.

Section: Conflicts Of Interestmentioning

confidence: 99%

Internal Audit and Quality of Financial Reporting in the Public Sector: the Case of University for Development Studies

Abdulai¹,

Salakpi

Financ. account. res. j.

2021

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“…On the other hand, Efficiency becomes the first key success factor for companies over 51 million XOF and adaptation to Africa becomes the least valuated key success factor for companies over 3 billion XOF DISCUSSION Previous research in the same context have shown that the eradication of corruption is the the key success factors for African companies (Bako & Akouwerabou, 2014). For some other authors the eradication of insane business practices and the eradication of fraud are some key factors for success (Nacoulma, Akouwerabou, & Nassè, 2020;Nassè, 2016). According to some authors it is rather the management methods that should undergo through a hybridization process for companies to get a full success (Illa, 2012;Shamba & Livian, 2014;.…”

Section: Sample Descriptionmentioning

confidence: 99%

Examining the Key Success Factors in Africa Based on 3 Aspects: Adaptation, Efficiency and Strategic Positioning From a Survey on Entrepreneurs in Burkina Faso

Carbonell¹,

Nanéma

2021

Int. j. adv. economics

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The main purpose of this paper is to examine the different types of factors in the African business context and in particular in the context of Burkina Faso, that can help companies to be successful. It is about the identification of the key successful factor among some main factors such as adaptation, efficiency and strategic positioning The data is from a survey on entrepreneurs in Burkina Faso, who attended the Africallia business meeting in 2018. The results show that the adaptation to the context is one of the main factors for business success. Thus, the suggestion is that companies should adapt to the African context in order to improve their profit, performance and thus gain a tremendous success. Keywords: Success Factors, Business, Companies, Adaptation, Efficiency, Strategic Positioning, Africa.

“…Some studies show the lack of consistent business ethical practices in both public and private institutions in the West African context, and how these practices affect its economy and its development (Nacoulma, Akouwerabou & Nassè, 2020;Nassè, 2020;Akouwerabou & Bako, 2014). The present research is conducted in some private companies because in the context there are some challenges and major obstacles to conduct research in public companies.…”

Section: Introductionmentioning

confidence: 99%

Marketing Practices and the Dark Side of Inequity: A Qualitative Research in African Private Companies

Int. j. manag. entrep. res

2021

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Business ethics is capital for both customer satisfaction and growth in a world where competition is a distinctive constituent for companies’ unrelenting existence. The purpose of this research is to examine how ethical and fair practices affect customer satisfaction of companies in very low income countries. The research is centered on a constructivist design model with a qualitative approach that is inspired by the researcher’s experience of the context. Data collection is implemented in two (2) private companies, using a digital recorder and some semi-structured interviews. One company in the field of professional training, and one in the field of IT and printing. The data is transcribed by hand, and then a content analysis is made. The results show that equity has some effects on customer satisfaction, and thus on the overall growth of companies. The recommendation is that companies in the context should offer nondiscriminatory products and reasonable services to upturn customer satisfaction. Keywords: Business ethics, Equity, Customer satisfaction, Marketing, Burkina Faso.