RESPONDENTS’ OCCUPATIONAL GROUP DIFFERENCES FOR IDENTIFIED FACTORS INFLUENCING PROTECTION OF STAKEHOLDERS’ INTEREST: AN EMPIRICAL STUDY ON STATUTORY AUDITORS’ ROLE IN THE BACKDROP OF CORPORATE ACCOUNTING CORRUPTION

Corporate accounting corruption has a far-reaching effect over different class of stakeholders. It not only creates economic turmoil but also hurt the spirit of overall society. A corporate governance structure includes board of directors and some other concerned authorities entrusted with the duty of overseeing business operation and protecting stakeholders’ interest. A constant oversight of internal control, financial reporting and many other issues concerning the business by corporate governance participants inside or outside of the organisation would ensure protection of stakeholders’ interest. In view of this, 12 variables were grouped into 4 factors using factor analysis. In the study, occupational group differences for selected factors influencing Protection of stakeholders’ interest are tested using one way ANOVA as well.