The influence of corporate governance on the quality of financial reporting :a case study of Lira city East Division, Lira City
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Date
2026-04-22
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Uganda Christian Christian
Abstract
This paper seeks to examine the impact of corporate governance on financial reporting quality among selected organizations in Lira City East, Northern Uganda. The main motivation behind this research is the consistent problems in financial reporting despite existing corporate governance measures in organizations. This study mainly concentrated on the effect of corporate governance components, which include the audit committee, board of directors, and internal control systems, on financial reporting quality. A descriptive and correlational research design was used, applying both qualitative and quantitative approaches to gather data. Questionnaires and interviews were administered to a randomly selected 50 respondents in five firms within the selected region. While qualitative data was analyzed using content analysis technique, quantitative data were analyzed through regression analysis. The results have shown a positive correlation between corporate governance and financial reporting quality. This indicates that the board of directors, audit committee, and internal control systems have enhanced transparency, accuracy, and efficiency in financial reports. Regression analysis further proved that there exists a statistically significant effect of corporate governance elements on financial reporting quality. This study suggests the need for effective governance measures, which will promote quality financial reporting in organizations.
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Undergraduate