University of Zimbabwe Institutional Repository

An investigation of the relationship between audit committee characteristics and quality of financial reporting in state owned enterprises in the transport sector

Show simple item record

dc.contributor.author Chigwena, Percy
dc.date.accessioned 2017-01-19T09:27:37Z
dc.date.available 2017-01-19T09:27:37Z
dc.date.issued 2016-10
dc.identifier.citation Chigwena, P. (2015). An investigation of the relationship between audit committee characteristics and quality of financial reporting in state owned enterprises in the transport sector. (Unpublished Masters thesis). University of Zimbabwe. en_US
dc.identifier.uri http://hdl.handle.net/10646/2935
dc.description.abstract The Zimbabwean economy in general and the State Owned enterprises in the transport sector in particular have been hard hit by a number of operational constraints which include among others; lack of affordable working capital, unavailability of economic enablers such as electrical power, antiquated machinery and poor corporate governance practices. Lack of effective audit committee has led to massive fraud cases and poor quality financial reporting in state owned companies in the transport sector. This poor quality financial reporting has led to reduced investor confidence and some of these companies are facing total collapse. This problem of poor quality financial reporting has caused the researcher to initiate carrying out the research. The purpose of the research is to establish whether a relationship exists between audit committee characteristics and quality of financial reporting holding other factors constant. The research was quantitative in nature taking the form of survey zeroing in on the relationship between audit committee characteristics and quality of financial reporting. The research findings showed that poor quality financial reporting in state owned enterprises in the transport sector were mainly as a result of ineffective audit committees which lacked independence, financial expertise and which did not meet frequently. Some of the recommendations are that audit committees should at least meet four times a year, the committee should have a minimum of three members with the majority or two thirds being independent members and also that at least one member of the committee should possess financial expertise. en_US
dc.language.iso en_ZW en_US
dc.subject Auditing en_US
dc.subject Audit committees en_US
dc.subject Corporations en_US
dc.subject Transport sector en_US
dc.subject Financial reporting en_US
dc.title An investigation of the relationship between audit committee characteristics and quality of financial reporting in state owned enterprises in the transport sector en_US
dc.contributor.registrationnumber R983417X en_US
thesis.degree.advisor Madzikanda, David Dean
thesis.degree.country Zimbabwe en_US
thesis.degree.discipline Graduate School of Management en_US
thesis.degree.faculty Faculty of Commerce en_US
thesis.degree.grantor University of Zimbabwe en_US
thesis.degree.grantoremail specialcol@uzlib.uz.ac.zw
thesis.degree.level MSc en_US
thesis.degree.name Master of Business Administration en_US
thesis.degree.thesistype Thesis en_US
dc.date.defense 2015


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search UZeScholar


Advanced Search

Browse

My Account

xmlui.statisticsGoogleAnalytics.Navigation.title