Enhancing Public Confidence Financial Reporting
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Abstract on Enhancing Public Confidence Financial Reporting
This study examined the role of corporate governance in organizations, and how the public confidence can be restored in organization through financial reporting. The study aimed at ascertaining the extent to which financial helps organizations in achieving their corporate objective. In the course of achieving these objectives, certain research questions were raised, which led to the adoption of three research hypotheses. The study particularly looked at the corporate governance in Consolidated Breweries Nigeria Plc in Edo State. A total of 100 sample was randomly selected from the organization and were administered questionnaire. Based on the descriptive statistics that was carried out. The chi square test showed that audit report significantly improved the process of corporate governance in Nigeria. It was also confirmed that effectiveness of financial reporting significantly improves corporate objectives. Lastly, the result showed that corporate governance help enhance public confidence of financial reports. In the light of these findings, conclusions were drawn and recommendations given. The study strongly recommend that: the auditor being able to detect malicious act and scandals in organizations finance, is equally able to give recommendations for board of the directors, the neglect of this responsibility is a matter that needed to be reversed in order to effect the firmness of corporate governance in organizations.
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