Factors That Beset Corporate Accounting In West And Central Africa : Ohada And Beyond

Publication Information

Journal Title: Journal of Legal Studies & Research
Author(s): Dr. Tambe Cyrile Bua
Published On: 03/03/2023
Volume: 9
Issue: 1
First Page: 257
Last Page: 282
ISSN: 2455-2437
Publisher: The Law Brigade Publisher

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Dr. Tambe Cyrile Bua, Factors That Beset Corporate Accounting In West And Central Africa : Ohada And Beyond, Volume 9 Issue 1, Journal of Legal Studies & Research, 257-282, Published on 03/03/2023, Available at https://jlsr.thelawbrigade.com/article/factors-that-beset-corporate-accounting-in-west-and-central-africa-ohada-and-beyond/


For financial statements to be useful, they must be accurate. Unfortunately, these reports often depend on subjective judgments, offer misleading comparisons and fall prey to manipulation due to misaligned incentives. Even the best accounting system cannot overcome a flawed financial reporting process. This study has as its main objective to examine the challenges associated to corporate accounting in West and Central African states. The attainment of this objective was guided by the Doctrinal Research methodology consisting of an analysis of primary and secondary data. Primary Data consist principally of OHADA Business Law and other accompanying legislations while secondary data is obtained from books and the internet. Our research outcome is to the effect that, despite the mechanisms put in place to ensure proper corporate accounting there are still a couple of problems plaguing corporate accounting. We however recommend that, Auditors should not readily accept accounting statements from the management of audited companies without questioning them, or testing the veracity of their accuracy.



Keywords: Beset, Corporate Accounting, Central and West Africa, OHADA

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