Creative Accounting, Corporate Governance Watch Dogs Institutions and Systems- the Case of Cadbury (Nig) Plc
12 Pages Posted: 20 Oct 2011 Last revised: 30 Oct 2011
Date Written: October 19, 2011
This is a case study of the financial misstatements in Cadbury (Nig) Plc running to about # 13 billion over a three year period with particular reference to how corporate watch dog institutions and systems in the company were affected. This study relied on the published findings of SEC (Nig) Board of enquiry on the matter. Financial statements of the company were also analyzed where relevant. Empirical works on various aspects of the scandal were also consulted. This study found out that virtually all the watch dog institutions and systems were compromised. This has implications for effectiveness considerations in corporate governance arrangements. The study also lent credence to the fact that the benefits of IFRS as a global standard may be lost if jurisdictional weaknesses in accounting infrastuctures and regulations are not properly addressed.
Keywords: creative accounting, corporate governance, watch dog institutions, Cadbury ( Nig) Plc
Suggested Citation: Suggested Citation