This paper focuses on Corporate Governance – Fraudulent Financial Reporting. List the three key persons (as identified in the textbook) responsible for management and oversight of a comprehensive compliance program.
Corporate Governance – Fraudulent Financial Reporting
List the three key persons (as identified in the textbook) responsible for management and oversight of a comprehensive compliance program. (Note that the Chief Executive Officer is not one of the three.) Describe and distinguish their respective roles and functions, and why each is necessary for an effective internal control system.
Properly cite at least three (3) professional, scholarly, peer-reviewed sources in addition to the course textbook and the Bible. The biblical integration should NOT be an afterthought (a devotional that has nothing to do with the content), but it should be purposefully integrated. Chapters are attached from the text book – Liberty University Custom: Girgenti et al. (2019). ACCT 650: Corporate governance & fraudulent financial reporting (Custom ed.). New York, NY: McGraw-Hill, Inc. ISBN: 9781307470505.
Abstract The purpose of this paper is to explore the corporate governance factors associated with the fraudulent financial reporting scandal at the Nigerian stock Exchange (NSE henceforth).
Additionally, design/Methodology/Approach A case study approach was in adoption for the study.
This determines the corporate governance factors associated with the fraudulent financial reporting at the exchange.
Findings The study has found that many corporate governance factors were associated with the fraudulent financial reporting at the NSE. These include audit failure, Unethical board and also management, regulatory tardiness, weak internal control system and absence of profit motive.
Research Limitations/ Implications The research is a single case study and as such the result may not be generalized. Practical Implications This study is of particular relevance to SEC which is charg with the responsibility for issuing and also revising corporate governance codes for companies. Originality Value This paper documents for the first time corporate governance factors associated with fraudulent financial reporting for a non-profit making and also self regulatory organization in Nigeria. On a global basis, it has added to the very scanty literature on corporate governance and also fraudulent financial reporting in bourses. *Keywords: *Corporate Governance, Fraudulent financial reporting, Security and Exchange commission, The Nigerian Stock Exchange, Forensic Report. ***Paper Type: *Case Study