International Journal of Innovation and Technology Management
This research designed and tested a model for the selection adoption, customization, and implemen... more This research designed and tested a model for the selection adoption, customization, and implementation of the best accounting software among the lot that has flooded the software market recently in developing countries. The model assessed the mediating role of the Information Systems (IS) Auditor to mitigate the risks of selecting the wrong packaged software to the barest minimum in developing countries. The researchers analyzed the association that exists between eight variables — Basic Functionality (BF), General Determinants (GD), Package Features (PF), Customization Capability (CC), Financial Reporting Capabilities (FRC) and the IS Auditor (IS/IT Auditor. The study was cross-sectional which purposively sampled professional experts from selected SMEs across Ghana to evaluate the eight variables in the model. 260 experts participated in the assessment. The Delphi Technique was used to reach a consensus on the applicability of the variables in the model. The variable measurement i...
Strategy has become indispensable for survival in a contemporary business environment. The role o... more Strategy has become indispensable for survival in a contemporary business environment. The role of IT audit or assurance review is now viewed from two perspectives – first, as an independent assessor and, second, as a consulting expert advisor. IT auditors are, therefore, expected to plan their reviews such that their scarce IT audit resources will be put to efficient use and at the same time effectively provide advisory opinions on IT governance and strategies to leverage business executives’ function towards the achievement of their specified business objectives. The study used the design science approach using the audit risk model as a conceptual model to develop an objective approach to identify the quality of risk inherent in a digital transformation (dx) project. A major design output was that an Audit Risk model for IT (IAR) in the context of digital transformation is calculated as IAR = PR × SR × RR, where was PR is Primary Risk, SR is Secondary Risk and RR is Residual Risk....
Currently, SMEs are looking for ways to select Computerised Accounting Software packages to bette... more Currently, SMEs are looking for ways to select Computerised Accounting Software packages to better improve their business process capabilities, economies of scale and competitive edge over rivalry companies in the market. CAS is seen as the optimal preference as it is now a dominant, powerful and integrated software package embedded with all the modules needed to process and generate accounting information on a timely, high precision and error free manner for management decisions. However, choosing the appropriate CAS has become a critical problem for many SME entities in developing countries as the past and continuous selection of sub-optimal CAS application had brought mischance’s to SMEs leading to massive financial losses and arguably bankruptcies. Some critical and vital considerations such as vendor credentials, CAS selection and implementation financing option by the CAS vendor, Maintenance overheads, Functionality, Flexibility and Implementation are most often marginalise...
TIJ's Research Journal of Commerce & Behavioural Science - RJCBS, 2013
The amount of transactions andinformation have increased so rapidly during the last decades, so i... more The amount of transactions andinformation have increased so rapidly during the last decades, so it isimpossible to even think about banks without information technologies thatbring along innovative means to facilitate operations. In the world of banking,the developments in information technology have had an enormous effect in thedevelopment of more flexible payment methods and more user-friendly,convenient, fast and secure banking services. Manypeople, researchers and commentators are upbeat about the growing trend towardscashless society in Ghana. Stakeholders are currently excited about theopportunities a cashless society brings. A cashless society has the potentialto resolve many perennial exchange rate problems but,some banks have developed cold feet attitude because of infrastructure problemsand the high cost of equipment. This study is an empirical study cumdescriptive literature review which analytically assesses various cashlesspayment systems in Ghana today on ‘value for m...
Value creation has to do with delivering products or services to clients at lower prices and as w... more Value creation has to do with delivering products or services to clients at lower prices and as well as distinguishing the products or services from competitor in terms of improved quality, more functionalities, enhanced customer service that are clearly distinguishable from competitors’. To create effective value, entities can no longer develop a business strategy separate from IT strategy and vice versa. The fusion of business and IT strategy is increasingly one of the most dramatic developments affecting organisations today. IT strategy in business planning coincides with the role of Strategic Information Systems. ‘Strategic information systems ’ is, therefore, a long term plan to combine innovative Information Technologies with up-to-date managerial skills to tap potentials in technology to cut down waste and cost to improve profitability. This article analyses the role Strategic information systems can play in realising the idea that Information technology is a potential for th...
ion based on the concepts and attributes of the viable systems approach. This represents the arte... more ion based on the concepts and attributes of the viable systems approach. This represents the artefact of this action design research. Secondly, the research made contribution to practice in terms of providing an elaborate guidance and procedures that are expected to achieve outcomes that appropriately proportionate intervention to the challenges of IT auditing and practitioners are willing to adopt. Practitioners, managers and future researchers are called upon to implement the solution design and to augment its further development. Academic
Many third world countries are saddled with either corruption or high corruption perception index... more Many third world countries are saddled with either corruption or high corruption perception index due to weak regulatory environments. Too often statutory audit has shown passive attitude towards fraud fighting and failed to provide the public the needed assurance of their preparedness to stand up to corruption and fraud. The essence of forensic accounting concerns in-depth knowledge in Information Technology, the application of evidence-gathering accounting functions and audit skills for evidentiary purposes - whether documentary and testimonial or both, prosecution and settlements. With law,therefore, the practice of forensic accountingintersectsin two ways: the conduct -usually an infringement on the law, which is the focus of the engagement; and the procedures that impact the work of the accountant. In this research, the coefficient of correlation (r) of two data sets (X,Y) representing the opinion of the public on their increasingdissatisfaction with statutory audit in the figh...
Micro-finance has received a lot of attention, both from policy-makers as well as in academic cir... more Micro-finance has received a lot of attention, both from policy-makers as well as in academic circles. Microfinance Programmes have been introduced in many developing economies to primarily alleviate poverty through providing financial services to the poor. This study was therefore to assess how these proliferating institutions are affecting their clients, which is the objective of this research. What are some of the motivations for people to go for loans and what are their effects on livelihood and assets ownership? The study adopted survey of clients based in the Offinso Municipality in Ghana and the data was collected through questionnaire administration. It sampled the opinions of clients who received loans on the extent to which MFIs have been able to positively changed their livelihood, confidence in life and asset holding capacity or vice versa. The results from the analysis reveal that almost 97% of clients confirmed little or much better livelihood. A chi square test proved...
Value creation has to do with delivering products or services to clients at lower prices and as w... more Value creation has to do with delivering products or services to clients at lower prices and as well as distinguishing the products or services from competitor in terms of improved quality, more functionalities, enhanced customer service that are clearly distinguishable from competitors'. To create effective value, entities can no longer develop a business strategy separate from IT strategy and vice versa. The fusion of business and IT strategy is increasingly one of the most dramatic developments affecting organisations today. IT strategy in business planning coincides with the role of Strategic Information Systems. 'Strategic information systems' is, therefore, a long term plan to combine innovative Information Technologies with up-to-date managerial skills to tap potentials in technology to cut down waste and cost to improve profitability. This article analyses the role Strategic information systems can play in realising the idea that Information technology is a potential for the creation of stakeholder value by focussing on organisations' business processes placing the analysis in the context of Porter's value chain. The article considers possibilities of capturing value in emerging economic environments where, due to competition, the Internet, mobile business intelligence and innovative collaboration systems and other technologies have become capabilities for achieving competitive advantage. Secondly, the paper demonstrates the technologies that organisations endeavouring to create value have striven to make it with.
Micro-finance has received a lot of attention, both from policy-makers as well as in academic cir... more Micro-finance has received a lot of attention, both from policy-makers as well as in academic circles. Microfinance Programmes have been introduced in many developing economies to primarily alleviate poverty through providing financial services to the poor. This study was therefore to assess how these proliferating institutions are affecting their clients, which is the objective of this research. What are some of the motivations for people to go for loans and what are their effects on livelihood and assets ownership? The study adopted survey of clients based in the Offinso Municipality in Ghana and the data was collected through questionnaire administration. It sampled the opinions of clients who received loans on the extent to which MFIs have been able to positively changed their livelihood, confidence in life and asset holding capacity or vice versa. The results from the analysis reveal that almost 97% of clients confirmed little or much better livelihood. A chi square test proved that this was not by chance and the improvements in livelihood emanated from the credit facility. The main factor that entices clients to solicit credit facility is closeness and familiarity of the service. This factor was found to have a Relative Importance Index (RII) of 0.819, (approximately 82%) of the ranked factors that cause clients of MFIs to go for loans and the effects were that over 90% of clients had gained selfconfidence and have also acquired personal assets as a result of the patronage of MFI loan services. The results from the analysis also reveal that 88% of clients were females whose level of education did not exceed Middle School leaving certificate or Junior High School.
Many third world countries are saddled with either corruption or high corruption perception index... more Many third world countries are saddled with either corruption or high corruption perception index due to weak regulatory environments. Too often statutory audit has shown passive attitude towards fraud fighting and failed to provide the public the needed assurance of their preparedness to stand up to corruption and fraud. The essence of forensic accounting concerns in-depth knowledge in Information Technology, the application of evidencegathering accounting functions and audit skills for evidentiary purposes-whether documentary and testimonial or both, prosecution and settlements. With law,therefore, the practice of forensic accountingintersectsin two ways: the conduct-usually an infringement on the law, which is the focus of the engagement; and the procedures that impact the work of the accountant. In this research, the coefficient of correlation (r) of two data sets (X,Y) representing the opinion of the public on their increasingdissatisfaction with statutory audit in the fight against white-collar crimes and public opinion on the extent to which forensic accounting can improve the situation to ensure cleaner accountingrespectively was found and interpreted to draw conclusions. The result, (correlation coefficient (r)-CORREL 0.36), indicates that forensic accounting has positive potential to tackle financial crimes in weak regulatory environments but the public would also largely doubt the socioeconomic order that will ensure its effectiveness.
International Journal of Innovation and Technology Management
This research designed and tested a model for the selection adoption, customization, and implemen... more This research designed and tested a model for the selection adoption, customization, and implementation of the best accounting software among the lot that has flooded the software market recently in developing countries. The model assessed the mediating role of the Information Systems (IS) Auditor to mitigate the risks of selecting the wrong packaged software to the barest minimum in developing countries. The researchers analyzed the association that exists between eight variables — Basic Functionality (BF), General Determinants (GD), Package Features (PF), Customization Capability (CC), Financial Reporting Capabilities (FRC) and the IS Auditor (IS/IT Auditor. The study was cross-sectional which purposively sampled professional experts from selected SMEs across Ghana to evaluate the eight variables in the model. 260 experts participated in the assessment. The Delphi Technique was used to reach a consensus on the applicability of the variables in the model. The variable measurement i...
Strategy has become indispensable for survival in a contemporary business environment. The role o... more Strategy has become indispensable for survival in a contemporary business environment. The role of IT audit or assurance review is now viewed from two perspectives – first, as an independent assessor and, second, as a consulting expert advisor. IT auditors are, therefore, expected to plan their reviews such that their scarce IT audit resources will be put to efficient use and at the same time effectively provide advisory opinions on IT governance and strategies to leverage business executives’ function towards the achievement of their specified business objectives. The study used the design science approach using the audit risk model as a conceptual model to develop an objective approach to identify the quality of risk inherent in a digital transformation (dx) project. A major design output was that an Audit Risk model for IT (IAR) in the context of digital transformation is calculated as IAR = PR × SR × RR, where was PR is Primary Risk, SR is Secondary Risk and RR is Residual Risk....
Currently, SMEs are looking for ways to select Computerised Accounting Software packages to bette... more Currently, SMEs are looking for ways to select Computerised Accounting Software packages to better improve their business process capabilities, economies of scale and competitive edge over rivalry companies in the market. CAS is seen as the optimal preference as it is now a dominant, powerful and integrated software package embedded with all the modules needed to process and generate accounting information on a timely, high precision and error free manner for management decisions. However, choosing the appropriate CAS has become a critical problem for many SME entities in developing countries as the past and continuous selection of sub-optimal CAS application had brought mischance’s to SMEs leading to massive financial losses and arguably bankruptcies. Some critical and vital considerations such as vendor credentials, CAS selection and implementation financing option by the CAS vendor, Maintenance overheads, Functionality, Flexibility and Implementation are most often marginalise...
TIJ's Research Journal of Commerce & Behavioural Science - RJCBS, 2013
The amount of transactions andinformation have increased so rapidly during the last decades, so i... more The amount of transactions andinformation have increased so rapidly during the last decades, so it isimpossible to even think about banks without information technologies thatbring along innovative means to facilitate operations. In the world of banking,the developments in information technology have had an enormous effect in thedevelopment of more flexible payment methods and more user-friendly,convenient, fast and secure banking services. Manypeople, researchers and commentators are upbeat about the growing trend towardscashless society in Ghana. Stakeholders are currently excited about theopportunities a cashless society brings. A cashless society has the potentialto resolve many perennial exchange rate problems but,some banks have developed cold feet attitude because of infrastructure problemsand the high cost of equipment. This study is an empirical study cumdescriptive literature review which analytically assesses various cashlesspayment systems in Ghana today on ‘value for m...
Value creation has to do with delivering products or services to clients at lower prices and as w... more Value creation has to do with delivering products or services to clients at lower prices and as well as distinguishing the products or services from competitor in terms of improved quality, more functionalities, enhanced customer service that are clearly distinguishable from competitors’. To create effective value, entities can no longer develop a business strategy separate from IT strategy and vice versa. The fusion of business and IT strategy is increasingly one of the most dramatic developments affecting organisations today. IT strategy in business planning coincides with the role of Strategic Information Systems. ‘Strategic information systems ’ is, therefore, a long term plan to combine innovative Information Technologies with up-to-date managerial skills to tap potentials in technology to cut down waste and cost to improve profitability. This article analyses the role Strategic information systems can play in realising the idea that Information technology is a potential for th...
ion based on the concepts and attributes of the viable systems approach. This represents the arte... more ion based on the concepts and attributes of the viable systems approach. This represents the artefact of this action design research. Secondly, the research made contribution to practice in terms of providing an elaborate guidance and procedures that are expected to achieve outcomes that appropriately proportionate intervention to the challenges of IT auditing and practitioners are willing to adopt. Practitioners, managers and future researchers are called upon to implement the solution design and to augment its further development. Academic
Many third world countries are saddled with either corruption or high corruption perception index... more Many third world countries are saddled with either corruption or high corruption perception index due to weak regulatory environments. Too often statutory audit has shown passive attitude towards fraud fighting and failed to provide the public the needed assurance of their preparedness to stand up to corruption and fraud. The essence of forensic accounting concerns in-depth knowledge in Information Technology, the application of evidence-gathering accounting functions and audit skills for evidentiary purposes - whether documentary and testimonial or both, prosecution and settlements. With law,therefore, the practice of forensic accountingintersectsin two ways: the conduct -usually an infringement on the law, which is the focus of the engagement; and the procedures that impact the work of the accountant. In this research, the coefficient of correlation (r) of two data sets (X,Y) representing the opinion of the public on their increasingdissatisfaction with statutory audit in the figh...
Micro-finance has received a lot of attention, both from policy-makers as well as in academic cir... more Micro-finance has received a lot of attention, both from policy-makers as well as in academic circles. Microfinance Programmes have been introduced in many developing economies to primarily alleviate poverty through providing financial services to the poor. This study was therefore to assess how these proliferating institutions are affecting their clients, which is the objective of this research. What are some of the motivations for people to go for loans and what are their effects on livelihood and assets ownership? The study adopted survey of clients based in the Offinso Municipality in Ghana and the data was collected through questionnaire administration. It sampled the opinions of clients who received loans on the extent to which MFIs have been able to positively changed their livelihood, confidence in life and asset holding capacity or vice versa. The results from the analysis reveal that almost 97% of clients confirmed little or much better livelihood. A chi square test proved...
Value creation has to do with delivering products or services to clients at lower prices and as w... more Value creation has to do with delivering products or services to clients at lower prices and as well as distinguishing the products or services from competitor in terms of improved quality, more functionalities, enhanced customer service that are clearly distinguishable from competitors'. To create effective value, entities can no longer develop a business strategy separate from IT strategy and vice versa. The fusion of business and IT strategy is increasingly one of the most dramatic developments affecting organisations today. IT strategy in business planning coincides with the role of Strategic Information Systems. 'Strategic information systems' is, therefore, a long term plan to combine innovative Information Technologies with up-to-date managerial skills to tap potentials in technology to cut down waste and cost to improve profitability. This article analyses the role Strategic information systems can play in realising the idea that Information technology is a potential for the creation of stakeholder value by focussing on organisations' business processes placing the analysis in the context of Porter's value chain. The article considers possibilities of capturing value in emerging economic environments where, due to competition, the Internet, mobile business intelligence and innovative collaboration systems and other technologies have become capabilities for achieving competitive advantage. Secondly, the paper demonstrates the technologies that organisations endeavouring to create value have striven to make it with.
Micro-finance has received a lot of attention, both from policy-makers as well as in academic cir... more Micro-finance has received a lot of attention, both from policy-makers as well as in academic circles. Microfinance Programmes have been introduced in many developing economies to primarily alleviate poverty through providing financial services to the poor. This study was therefore to assess how these proliferating institutions are affecting their clients, which is the objective of this research. What are some of the motivations for people to go for loans and what are their effects on livelihood and assets ownership? The study adopted survey of clients based in the Offinso Municipality in Ghana and the data was collected through questionnaire administration. It sampled the opinions of clients who received loans on the extent to which MFIs have been able to positively changed their livelihood, confidence in life and asset holding capacity or vice versa. The results from the analysis reveal that almost 97% of clients confirmed little or much better livelihood. A chi square test proved that this was not by chance and the improvements in livelihood emanated from the credit facility. The main factor that entices clients to solicit credit facility is closeness and familiarity of the service. This factor was found to have a Relative Importance Index (RII) of 0.819, (approximately 82%) of the ranked factors that cause clients of MFIs to go for loans and the effects were that over 90% of clients had gained selfconfidence and have also acquired personal assets as a result of the patronage of MFI loan services. The results from the analysis also reveal that 88% of clients were females whose level of education did not exceed Middle School leaving certificate or Junior High School.
Many third world countries are saddled with either corruption or high corruption perception index... more Many third world countries are saddled with either corruption or high corruption perception index due to weak regulatory environments. Too often statutory audit has shown passive attitude towards fraud fighting and failed to provide the public the needed assurance of their preparedness to stand up to corruption and fraud. The essence of forensic accounting concerns in-depth knowledge in Information Technology, the application of evidencegathering accounting functions and audit skills for evidentiary purposes-whether documentary and testimonial or both, prosecution and settlements. With law,therefore, the practice of forensic accountingintersectsin two ways: the conduct-usually an infringement on the law, which is the focus of the engagement; and the procedures that impact the work of the accountant. In this research, the coefficient of correlation (r) of two data sets (X,Y) representing the opinion of the public on their increasingdissatisfaction with statutory audit in the fight against white-collar crimes and public opinion on the extent to which forensic accounting can improve the situation to ensure cleaner accountingrespectively was found and interpreted to draw conclusions. The result, (correlation coefficient (r)-CORREL 0.36), indicates that forensic accounting has positive potential to tackle financial crimes in weak regulatory environments but the public would also largely doubt the socioeconomic order that will ensure its effectiveness.
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Papers by Sampson Anomah