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 analysed 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
- accounting function, financial reporting, outsourcing, private security companies
- Supervisor
- Mr. O Manyani
- Item sets
- Faculty of Commerce
- Media
-
Blessed Mkambi.pdf