The Journal of Accounting and Management

Comparative Analysis of Regulatory Approach and Management Practice for Digital Crypto-Currency and the Role of IFIs in Developing Global Regulations

Junaid Butt — Sun, 31 Dec 2023 00:00:00 +0000

The rise of digital currencies like Bitcoin and Ethereum presents both challenges and opportunities for Regulators, Financial Institutions, and International Financial Institutions (IFIs). These decentralized assets can revolutionize the way we transact and store value, but also pose significant risks related to financial stability, consumer protection, Anti-Money Laundering (AML), and countering the Financing of Terrorism (CFT). This research aims to explore the regulatory approaches and management practices adopted by different jurisdictions in response to the emergence of digital currencies and examine the role of IFIs in fostering global cooperation and facilitating the development of a harmonized regulatory framework for accounting standards of digital Crypto-currencies. The research will employ a mixed-methods approach, combining qualitative and quantitative methods. The qualitative component will involve a comprehensive literature review, case studies, and in-depth interviews with policymakers, regulators, and industry experts. The quantitative component will use statistical analysis of data on regulatory frameworks, management practices, and accounting standards for digital currencies. This research will contribute to a broader understanding of the regulatory landscape for digital currencies and the role of IFIs in shaping a global framework for their accounting standards. The findings of the research will inform policymakers, financial institutions, and stakeholders in developing effective and harmonized regulatory approaches, ensuring responsible development and adoption of digital currencies while safeguarding financial stability, consumer protection, and the integrity of the global financial system.

National Carbon Accounting – A Review on the Role of Institutional Quality on Environmental Degradation

Alina Cristina Nuta, Florentin Emil Tanasa — Sun, 31 Dec 2023 00:00:00 +0000

Climate change is a challenge for the whole world, no matter the level of social or economic development. The effects of it hinder the evolution of society and put under scrutiny human welfare. Organizations, institutions, and government worldwide state their willingness to mitigate the environmental issues and struggle to find the proper policy options to do it without affecting other priorities such as unemployment, poverty, structural gaps, and various inequalities. The study aims to briefly review the role of institutional quality on environmental degradation. The research in this field is rich and diverse covering different ways of expressing the institutional quality and its impact on ecological quality.

Supply Chain Management Strategies of the Private Residential Construction Sector in South Africa

G. Khoza, Krishna Kistan Govender — Mon, 08 Jan 2024 00:00:00 +0000

The aim of the study was to critically evaluate the supply chain management (SCM) strategies and challenges in the private residential construction sector in South Africa. A quantitative approach was used to survey 320 private residential construction companies registered with the National Homebuilders Registration Council (NHBRC) within the Gauteng province. The data from 250 questionnaires returned were analysed using SPSS (Versions 23) and Smart PLS. It became evident that the SCM challenges included a lack of trust between the supplier and the organization; a lack of adoption of the SCM system; a lack of a sufficiently skilled SCM workforce; and poor implementation of contract management. It was ascertained that there is a significant positive relationship between the performance of the private residential construction sector in South Africa and the SCM strategies and processes. Strategies are proposed to enhance performance.

Informality and the Moral Perception of Paying Fair Payroll Taxes – A Perspective on Institutional Quality Influence

Alina Cristina Nuta, Florentin Tanasa — Thu, 11 Jan 2024 00:00:00 +0000

In this article, we aim to realize an assessment of the economic literature on fiscal morality (the attitude of individuals towards taxes and especially towards tax payment) and its relationship to tax compliance (the final behavior of the individual in the context of the social contract with the state) in the wider set of informality and free-rider problem. Our research aims to identify the elements that lead to the shaping of informality, starting from the fiscal morality approach in a world in which poverty and inequality put additional pressure on individuals’ decisions about taxes.

The Growing Threat of Ransomware What Accountants, Their Clients, and Security Professionals Need to Know

Patrick Ryle, Robin Hicks, Kenneth Shemroske, Mark McKnight, Brett Bueltel — Fri, 29 Dec 2023 00:00:00 +0000

Objectives This paper is designed to prepare accountants to meet the dangerous challenges posed by ransomware. Prior Work Business operating conditions concerning ransomware have never been more dangerous. In confronting these dangers, prevailing data protection regimes have proven frighteningly inadequate. This paper explores ransomware’s potential impact, and the institutional, organizational, and cultural approaches necessary in the preparation and prevention of such attacks. Approach This paper presents a review of the development of the threat of ransomware outlines several steps accountants can take to prevent such incidents from occurring, and outlines steps accountants can take after a security failure in the face of a ransomware attack. This paper highlights the importance of devoted preparedness., Results This paper implores accountants to take the threat of ransomware seriously, to understand that cyber-attacks are unpredictable and that the time to prepare is now. Implications We examine post-incident mitigation considerations and the ongoing organizational, professional, reputational, and financial consequences of a successful ransomware attack. Value This paper’s contribution provides an examination of ransomware awareness, steps that must be taken in preparation, and the costs of failure in a context unique to accounting and tax professionals.

Reinsurance Transactions and Gross Premium Income of Non-Life Insurance Companies in Nigeria: An ARDL Approach

Olajide Solomon Fadun, Sunday Adekunle Aduloju, Taiwo Olarinre Oluwaleye — Fri, 29 Dec 2023 00:00:00 +0000

The study examined the relationship between reinsurance premiums ceded and gross premium income and the effect of reinsurance premium accepted on the gross premium income of Nigerian non-life insurance providers. This study is a longitudinal research design. We engaged secondary data extracted from the Nigeria Insurance Association (NIA) Digest’s report for all the non-life insurers within the period of 2007-2021. Data obtained was analysed using descriptive statistics and Auto Regressive Distributed Lag (ARDL). The results revealed that reinsurance premium ceded has a positive significant relationship with gross premium income, and reinsurance premium accepted has a positive significant effect on gross premium income of Nigerian non-life insurance providers. It was also confirmed that reinsurance premium ceded and reinsurance premium accepted have a short and long-run effect on the gross premium income of Nigerian non-life insurance providers. Consequently, this study established that reinsurance transactions have a positive significant effect on the gross premium income of Nigerian non-life insurance firms. Therefore, this study recommends among others that Nigerian non-life insurance providers should improve their underwriting capacity especially for high-risk sectors like oil and gas, marine and aviation as well as other sectors to increase their gross premium income.