IOSR-JEF   Volume-2 ~ Issue-2

Abstract: This study was conducted to evaluate revenue generation in Numan, Southwestern Adamawa State, Nigeria. One hundred and twenty questionnaires were administered to randomly selected staff of Finance, Education, Administration and Livestock departments respectively. All the questionnaires were completed and returned. Descriptive statistics such as Tables, Frequency distributions, and percentages were used to analyze the data generated. The respondents indicate that sources of internally generated revenue in the study area ranges from Market, Animal sales, land, Slaughter slaps, property and income taxes respectively. Slaughter slap tax account for about 26.7% of the internally generated revenue in this area, while market sales tax and animal taxes account for about 16.7% respectively. To improve revenue generation in the study area, the respondents (56.7%) indicates that they normally employed the use of law enforcement agents to assist in revenue generation and this had yield some measures of improvement in the amount of revenue generated from 2005 to 2009. Although, there has been an increased in the amount of targeted internally generated revenue from 2005 to 2009, the respondents indicated that majority of the taxpayers do not comply in prompt payment of taxes (40%). Some of the factors responsible for inefficiency of revenue generation in the study area as indicated by the respondents includes inadequate public enlightenment (33.3%), while others (23.3%) are in the opinion that inadequate incentives is also a contributory factor. Based on the findings of this study, the following recommendations were made: Regular training of the revenue officers should be introduce and maintain, regular public enlightenment on the benefits of tax payment should be introduce either through the media or workshop and also through the use of posters, and the incentives given to revenue officers should be enhance and the best revenue officers of the year should be rewarded.

Keywords: Revenue, Tax Evasion, Appraisal, Expenditure, Government

Abstract: This study examines the impact/relationship between audit quality and earnings management represented by companies' discretionary accruals manipulations in Nigeria. Archival data were extracted from annual reports of 57 quoted companies in Nigeria between 2006 and 2011. Audit Firm Size, Audit Fees, Auditor Tenure and Audit Client Importance served as audit quality proxies. The amount of Discretionary Accruals (DAC) was used to measure earnings Management. The results showed that audit quality was significant and negatively related to the amount of DAC of quoted companies in Nigeria. It is recommended in this study that professional accountancy bodies, the Financial Reporting Council of Nigeria and the Nigerian National Assembly should issue authoritative audit quality codes in which auditors' tenure should not exceed three years; companies should improve their earnings quality only through sales growth, and cost control strategies. Also companies in Nigeria should present distinct statements of earnings quality while auditors should conduct earnings quality assessment and issue Integrated Audit Quality Assurance Report by adapting or adopting current best practices statutorily backed by earnings monitoring of companies in Nigeria.

Key words: Accounting Scandal, Audit Quality, Discretionary Accruals, Earnings Management, Earnings Quality

Abstract: This research was conducted to investigate and specify the impact of trade liberalization on the performance of the manufacturing sector in Nigeria. Based on economic theory supported by relevant secondary data from 1989 to 2006, an econometric model was developed. Ordinary least square (OLS) method was used for estimation of parameters by conducting multiple and simple regression analysis. The result of the major findings explained that there was an inverse relationship between the interest rate and exchange rate on the manufacturing sector's output. While, there is a positive relationship between domestic credit to private sector and the foreign private investment on the manufacturing output on one hand, and there is a positive relationship between the manufacturing output and the Gross Domestic Product on the other hand. This shows that the manufacturing sector plays a prominent role in the economic development of the country.

Keywords: Trade Liberalization, Performance, Manufacturing Sector, Nigeria