Environmental Audit Practices in Small and Medium Scale Enterprises in Nigeria

December 7, 2012 Posted by admin

O.F. Osemene, A.S. Kasum, and K.A. Yahaya
Department of Accounting and Finance, University of Ilorin, PMB 1515, Kwara State, Nigeria

Abstract
The study assessed environmental audit practice as well as the effectiveness of environmental laws in small and medium scale enterprises (SMEs) in Nigeria. It also evaluated the impact of SMEs activities on the environment and on human health. This was with a view to determining the extent of compliance of audit practice with environmental laws. Relevant data were obtained from workers using judgmental sampling technique in ten different SME categories across the country with the aid of pre-tested questionnaire, interview schedule and Focus Group Discussion. The data was analyzed using descriptive statistics and analysis of variance. The results of the analyses  revealed that: (1) some of the ten different SME categories in Nigeria  are significantly influenced by existing environmental laws, (2) some of the activities of the SMEs  have negative effects on human health and on the environment, (3) managements of SMEs  are keen on implementing environmental audits that  do not attract additional production cost and that facilitate quick access to funds from financial houses, and (4) generally, the extent of compliance of SMEs to the requirements of the existing environmental laws  is poor. Among many others, the study also revealed that there are significant differences among: (1) different SME categories with respect to the extent of implementation of each type of environmental audit in Nigerian SMEs, (2) different SME categories with respect to the influence of environmental laws on their audit practices, (3) different SME categories from different zones with respect to the extent of implementation of each type  of environmental audit types, and (4) among zones with respect to the degree of influence of environmental laws on SME audits practices.

Keywords: analysis of variance, compliance, hypothesis, international financial reporting standards, pollutions.

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