Financial reporting quality and outsourcing of accounting function: Evidence from small private security firms in Zimbabwe
- Author
- Mkambi, Blessed
- Title
- Financial reporting quality and outsourcing of accounting function: Evidence from small private security firms in Zimbabwe
- Abstract
-
The study sought to analyze financial reporting quality and outsourcing of accounting function: Evidence from small private security firms in Zimbabwe. The study analyzed
the effect of outsourcing towards quality financial accounting function. 3 theories were
applied including; Transactions Cost Economies, The Resource Based View and the
contracting organization theory. A quantitative research approach was used with along
with the case study research design. The study applied descriptive statistics, with an
82% response rate amounting to 45 participants, the researcher discovered that the
impact of outsourcing on quality financial reporting for small private security firms in
Zimbabwe was found to be positive in terms of minimizing risk, lowering costs,
improving operations, and compliance. However, there were also challenges identified,
such as the potential for outsourcing to be expensive, risky, lead to loss of control, and
failure to meet standards. The study recommends that that private security companies
should ensure that the provider has robust security measures in place to protect
sensitive financial information from unauthorized access or data breaches - Date
- June, 2024
- Publisher
- BUSE
- Keywords
- Financial reporting, Outsourcing, Private security
- Supervisor
- Mr Manyani
- Item sets
- Department of Accountancy
- Media
-
Blessed Mkambi.pdf