The Role of Financial Accounting Information Transparency in Combating Corruption in Tanzanian SACCOS

Authors

  • R. M. Mwita Public Corruption and Combating Bureau, President’s Office, Kibaha-Coast Region, Tanzania
  • B. Chachage Open University of Tanzania, Iringa, Tanzania.
  • R. G. Mashenene College of Business Education, Department of Marketing, P. O. Box 2077, Dodoma, Tanzania.
  • L. R. Msese University of Dodoma, College of Business Studies and Law, School of Business Studies, Department of Economics and Statistics, P. O. Box 395, Dodoma, Tanzania.

Abstract

This paper investigated the role of financial accounting information (FAI) transparency in combating corruption in Kongwa district and Dodoma Municipal SACCOS, Tanzania. Specifically the study determined the effect of pillars of FAI transparency (clarity, disclosure, credibility and dissemination) on corruption occurrence among SACCOS in Tanzania. The study employed cross-sectional research design where 140 respondents were surveyed using a questionnaire. In addition, focus group discussion was employed to collect qualitative data. Proportionate stratified sampling was used to select the sample from the population. Binary Logistic Regression Model (BLRM) was performed to determine the effect of FAI on corruption incidence. The regression results indicate that disclosure, clarity and credibility of FA have effect on corruption occurrence.  The study recommends that SACCOS’ leaders should increase clarity, dissemination, disclosure and disclosure of FAI to SACCOS’ members.

Author Biographies

R. M. Mwita, Public Corruption and Combating Bureau, President’s Office, Kibaha-Coast Region, Tanzania

A Researcher with the Public Corruption and Combating Bureau, President’s Office, Kibaha-Coast Region, Tanzania

B. Chachage, Open University of Tanzania, Iringa, Tanzania.

A Lecturer at the Open University of Tanzania, Iringa, Tanzania.

R. G. Mashenene, College of Business Education, Department of Marketing, P. O. Box 2077, Dodoma, Tanzania.

A Lecturer at the College of Business Education, Department of Marketing,  Dodoma, Tanzania.

L. R. Msese, University of Dodoma, College of Business Studies and Law, School of Business Studies, Department of Economics and Statistics, P. O. Box 395, Dodoma, Tanzania.

A Lecturer at the University of Dodoma, College of Business Studies and Law, School of Business Studies, Department of Economics and Statistics,  Dodoma, Tanzania.

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Published

2019-04-20

How to Cite

Mwita, R. M., Chachage, B., Mashenene, R. G., & Msese, L. R. (2019). The Role of Financial Accounting Information Transparency in Combating Corruption in Tanzanian SACCOS. AFRICAN JOURNAL OF APPLIED RESEARCH, 5(1), 108–119. Retrieved from https://ajaronline.com/index.php/AJAR/article/view/310

Issue

Vol. 5 No. 1 (2019): AFRICAN JOURNAL OF APPLIED RESEARCH

Section

Articles

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By submitting and publishing your articles in the African Journal of Applied Research, you agree to transfer the copyright of the Article from the authors to the Journal ( African Journal of Applied Research).

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