Determinants of Accounting Information Usefulness by Public Accounts Committee in Tanzania Corporations

Kyando, Asifiwe E.M. (2023) Determinants of Accounting Information Usefulness by Public Accounts Committee in Tanzania Corporations. Doctoral thesis, The Open University of Tanzania.

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Abstract

This study identified and examined determinants of the usefulness of accounting information (AI) by Public Accounts Committee (PAC) in Tanzania Corporations. The inconsistency in the usefulness of accounting information by the PAC in Tanzania necessitated this study. The study methodology involved a cross-sectional survey design, positivist paradigm, and deductive method approach. The research collected quantitative data via questionnaires from members, and ex-members of the PAC in Tanzania. The theorized model examined whether trust in accounting information, knowledge of accounting information, perception on quality of accounting information, expectations on content of accounting information, ability to interpret accounting information, and communication all to determine the extent of usefulness of accounting information. The study examined whether communication moderates determinants of the usefulness of accounting information. The data analysis used PLS-SEM path modeling. The model achieved goodness-fit index with high predictive power and substantial coefficient of determination. The study results were, trust in AI, knowledge of AI, expectations on content of AI, and ability to interpret AI had positive and were statistically significant on the extent of usefulness of AI, whereas communication and perception on quality of AI were not significant. The moderating effect was partial and significant on expectations on content of AI, but with no effect to other factors. Thus, the study recommends to the Parliament, Regulators, and other stakeholders, to consider the findings of this study such as to enhance the usefulness of accounting information and actuates further studies. The study concludes that multiple theories of agency, accounting information usefulness and communication explain and predict the usefulness of accounting information. Keywords: Accounting Information, Public Accounts Committee, Accountability, Corporations.

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