ABSTRACT

Contemporary issues on companies in Nigeria borders so much on unreliable financial statements. This has made investors to start distrusting companies and investment in shares. Instead, Some resort to buying landed properties which lead to scarcity of funds for the various business firms. This study sought to ascertain the credibility of accounting information in firms using selected manufacturing and accountancy firms around Jos metropolis in plateau Stale. The works of other experts in this area of study were painstakingly reviewed. Both primary and secondary data were used in the analysis of this research work. Questionnaire and oral interview were the primary sources of data. Textbooks, newspapers, journals and the works of other experts in this area of study served as secondary data. The population was put at 57 while the sample size was put at 50 using Taro Yamane formula while chi-square(X2 ) statistical tool was used to analyzed the data. Consequently, the findings from the study showed that where a non-personal relationship exists between the company's Accountants and the external Auditors, credibility of accounting information is most likely to prevail. It was also observed that the major work of credibility lies with the Accountants who prepare the company's financial statements and above all, it was noted that credibility of accounting inebriation depends on financial statements that are certified by statutory Auditors. Conclusively, based on the findings, I however recommended that; Auditors and Accountants must act in good faith, that is both the Auditors and Accountants must at all times act with sincerity and honesty of purpose. Also, there should be a constant check on the Auditor and the Accountant; this is to make sure that the issue of credibility of accounting information is not abortive and finally, the company should and as a matter of necessity employ qualified Accountants to prepare its financial statements since the Accountant's expertise would almost claim the whole part of credibility of accounting information.