国际会计研究杂志

抽象的

Societal Culture and Financial Reporting Quality of Companies in Kampala, Uganda

Moses Kibrai

Financial reporting quality is the main type of financial reporting which is sought after by majority of financial report users due to the growing cases of business failures arising from inconsistent reporting over years. The study examines financial reporting quality, and specifically assesses the influence of societal culture on financial reporting quality. The objective of the study is to examine the relationship between societal culture and financial reporting quality. The study tested 9 hypotheses which were formulated on the 9 dimensions of societal culture and financial reporting quality. Quantitative data was collected from 293 respondents, sampled from a population of 28,128 of companies operating in Kampala that file financial reports with Registrar of Companies in accordance with companies’ Act. Data was analysed using Statistical Package for Social Scientists (SPSS) version 20. The correlation result shows that societal culture significantly relates with financial reporting quality, and the hierarchical regression model proves that societal culture explains the variance in financial reporting quality, and through the coefficients, all the 9 hypotheses are accepted since they prove the relationships with financial reporting quality. The study concludes that societal culture influences financial reporting quality, and dimensions of societal culture relate with financial reporting quality.