Accounting

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http://196.216.167.205/handle/10628/964

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Now showing 1 - 4 of 4
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    Does IPSAS Implementation Promote Financial Accountability in a Local Government Authority?
    (2024-08-14) Van Rooi, Veronique; Kamotho, Daniel
    The study aimed to assess the perception as to whether IPSAS is effective in promoting financial accountability in a local government authority following their implementation. A quantitative approach and descriptive research design was used for this study using structured questionnaires for data collection. The study finds evidence to support that implementation of IPSAS positively correlates with enhancing accountability in financial reporting for a local government authority. Further, the study recommends effective strategies that could be used by policymakers, senior central and local government management to enhance the effectiveness of IPSAS in promoting accountability in financial reporting, such as stakeholder’s engagement, external support needed, and transformation in structure and law necessary for successful implementation of IPSAS in a local government set up.
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    Exploring unchartered waters Insights into the audit profession: A Namibian Perspective
    (College of Accounting at the University of Cape Town, 2018) Dikuua, Miriam; Gertze, Willemien; Ketjinganda, Anton; Mahindi, Calistus; van Wyk, Janey
    Whilst the audit profession in Namibia has officially existed for 67 years with the establishment of the Public Accountants and Auditors Board (PAAB) in 1951, little is reported about the state of the audit profession in the country. This exploratory study sought the responses of audit partners and trainees to gauge their perception of the Namibian audit profession, with respect to their view of the level of regulation, capacity constraints, and other challenges facing the profession. The results indicate that the Namibian audit profession faces challenges similar to those within the global audit profession, inter alia, credibility, talent retention and snail-paced adoption of technological advancements. Unique challenges include the perceived lack of regulation by the PAAB, as well as mixed views regarding a localised Chartered Accountant (CA) qualification introduced in order to alleviate capacity constraints
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    State of IFRS in Namibia.
    (Institute for International Research (IIR)., 2009) Maliti, Paul
    This paper looks at the extent of adoption and subsequent compliance with IFRS in Namibia. It is based on undergraduate researches undertaken by students of the NUST, in their final year of study for the Bachelor of Technology in Accounting and Finance. The main problems that were researched included the following: The assumption that IFRS are not appropriate and therefore, should not be applicable to small economies like that of Namibia; That adoption of IFRS is an expensive venture because they require special skills in accounting; That IFRS do not add value to financial statements. The objectives of the various investigations included: Reasons for non-adoption of certain IFRS; Problems associated with adoption of IFRS; Benefits, if any, arising from adoption of IFRS; Conclusions and recommendations. The researches covered both financial and non-financial entities, reporting entities and their external auditors. However the studies were limited in scope due to lack of funding and limited time.
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    The State of Integrated Reporting in Namibia
    (2024-07-30) Kamotho, Daniel. W; Moloi, Tankiso; Halleen, Simon
    The study aims to determine the perspectives of annual integrated report preparers for publicly traded companies in Namibia on the decision usefulness of those reports based on their preparation experiences and the challenges encountered in producing high-quality decision-useful integrated reports through interview of 12 NSX-listed integrated report preparers. Using thematic interpretative analysis, the usefulness of Namibian annual integrated reports was evaluated. The results demonstrate a divide in Namibia between those who prepare annual integrated reports and those who receive them. Listed companies in Namibia may not meet the informational needs of their users, rendering their integrated reports ineffective for decision-making. The unwillingness of preparers to alter their compliance heavy report preparation processes makes it challenging to develop an integrated thinking strategy. Despite these findings, the annual integrated reporting process is viewed as an improvement over Namibia's traditional reporting practices, with a focus on producing more balanced corporate reports that include social, governance, environmental, and sustainability performance measures to meet the needs of the various stakeholders. The lack of IIRC framework awareness and demand for integrated reports from stakeholders may hinder Namibia's adoption. IIRC-defined superior corporate reporting, which combines financial and non-financial information, could boost Namibia's capital flows and the economic and social well-being of the Namibian society.