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Every company that has gone public is expected to improve its performance. This is because the phenomenon of knowledge asymmetry and lower performance often occurs after the company goes public through the first stock offering. Increased agency costs, company size, window-dressing, and market issues before issuing shares are common causes of this problem. This study was conducted to see how the policy of going public affects the company’s financial statements. The research method used by the researcher is a literature review research. The researcher chose to use the purposive sampling technique. The data used in this research is secondary data. The results of this study indicate that going public has no effect on the liquidity ratio. In the solvency ratio, there is a positive relationship between the financial performance of companies that have gone public with the financial performance of companies that have not gone public. Going public also has no effect on profitability ratios, the financial performance of companies that have gone public and those that have not gone public have no effect on the financial performance of companies that have gone public and those that have not gone public. However, going public has an influence on the activity ratio, financial performance of organizations that have gone public, and those that have not had a diminishing beneficial effect.

Keywords: Go Public, Liability ratios, Solvency Ratios, Profitability Ratios, Activity Ratios, and Financial Statements.

The objective of this study is to –investigate the relationship between value relevance of accounting information and share prices, and their effect in three sectors (construction and real estate, healthcare and information communication technology (ICT) of the Nigerian economy. This study was motivated on the assumption that value relevance of accounting information and share prices variation cannot be “onefit-all” issue, that is, the same accounting numbers are equally relevant. Ex-post facto research design was adopted using time series accounting and stock prices data from three sectors for the period 2015 to 2021 in panel model. Descriptive and inferential statistics and Hausman test were employed in the analysis involving ANOVA, mean, minimum, maximum, standard deviation, t-values, R2 and P-Values.. The results revealed that value relevance of accounting information vary in different sectors, but that all sectors share prices are influenced by accounting numbers. It was concluded that investors in the construction and real estate and healthcare firms should rely mostly on data from the statement of profit or loss and other comprehensive income and statement of cash flows than statement of financial position and ICT firms investors on statement of financial position when making investments decisions.

Keywords: Value Relevance, Accounting Information, Book Value per Share, Cash flow from Operations and Earnings per Share

Fraud typically results from the intentional manipulation or misrepresentation of the financial statements by the management of the companies with the intent of benefiting themselves at the expense of the owners. Fraud has a significant negative impact on most businesses because a huge sum of money could be lost to fraudsters. The majority of organisations would experience issues as a result of fraudsters’ actions, which made it necessary for the current study to look at how forensic auditors affect the decline in fraudulent financial practises of listed consumer goods businesses in Nigeria. Through the distribution of sixty (60) responders to eighteen (18) structured questionnaires to the accounting, internal audit, and top management employees of fifteen (15) consumer goods companies with main offices in Abuja, data was gathered from primary sources. The 60 respondents who were given the 18 questions completed and returned 45 of them, or 75% of the total. The questionnaire that was completed and returned served as the foundation for testing and delving into the research ideas. To analyse the data, the ordinary least squares (OLS) regression technique was used. The study’s findings indicated that the reduction of fraudulent financial practises by listed consumer goods businesses in Nigeria is positively and significantly impacted by the competence, experience, and expertise of forensic auditors. The study comes to the conclusion that forensic audits with the necessary expertise influenced the decrease in illegal financial practises. The study advises that the management of consumer products firms in Nigeria hire forensic auditors in order to find and avoid false assertions in financial statement reports. These professionals have the necessary knowledge, skills, understanding, and technical expertise in forensic auditing.

Keywords: Forensic Audit competence; Forensic audit experience; Forensic audit techniques

This study aims to examine how the demonetization announcement affected B2B and B2C stock performance. The authors used 2016 stock price data from the NSE 500 firms to achieve their goal. By connecting to market microstructure data, the event study methodology was applied. The considerable difference in returns and liquidity was tested throughout a time span of -2 to +2. According to research, B2C businesses have more cash and cash equivalents than B2B ones. In both categories, it was determined that the occurrence had a considerable impact. Demonetization had a worse effect on B2B businesses than on B2C businesses. For B2B companies, the event had no discernible effect on changes in liquidity. However, B2C companies showed 0.20% increased liquidity after the demonetization. It was discovered that the total negative effects were caused by the B2C sector’s large negative effects, whilst the demonetization announcement had little of an influence on B2B firms. The results can aid in risk-mitigation measures based on abnormal returns and serve as a reference for investors and policymakers in regards to events of a similar nature that may occur in other emerging markets.

Keywords: Demonetization, B2B, B2C, Stock Returns, Liquidity.