CORPORATE GOVERNANCE AND ENHANCEMENT OF PUBLIC CONFIDENCE IN FINANCIAL REPORTING SYSTEM
Keywords:
Corporate Governance, Public Confidence, Labour, Financial, Reporting, SystemAbstract
The integrity and transparency of financial reporting play a vital role in maintaining the stability and trustworthiness of the global business scene. The study aimed to examine the impact of corporate governance on the possibility of enhancing the public confidence in financial reporting system by offering insights that are both theoretically enriching and practically relevant. The study adopted descriptive survey to gather data from the internal Auditors and Chief Accountants of the 13 public and private establishments in Bida town. Additionally, data was sourced with shareholders, financial analysts and auditors to gather qualitative insights. Data was presented, analysed and interpreted with regression analysis to determine the relationship between corporate governance practices and public confidence in financial reporting system while T-tests and ANOVA will be used to test the hypothesis to examine the significance of relationship while SPSS were used to analyze the quantitative data and generate statistical outputs. A finding showed that maintaining an organization's financial reporting accuracy is contingent upon compliance with corporate governance norms. In conclusion, evidence pointed to the necessity of following corporate governance guidelines in order to guarantee the accuracy of financial reporting. Based on the research's findings and conclusion, it was recommended that establishments should keep bolstering their corporate governance structures in order to increase public trust in financial reporting.