Detective Accounting Controls on Financial Performance of Selected SMEs in Bujumbura, Burundi

Abstract

Small and medium-sized businesses are a major part of the global economy and they have widely recognized impact to the Burundian economy and have a wide range of job opportunities at around 85% and created substantial social benefits for Burundi. Small businesses in Burundi are mainly family-owned and contribute to bad products that do not count for the market because the lack of creative nature and skills is more common in these businesses. However, there are poor financial accounting procedures for SMEs in Burundi, as well as separate responsibilities and trust in an exaggerated percentage of workers which means that the poor performance of these Burundian Small and Medium Enterprises is attributed to mismanagement. The aim of the report was to determine the influence of detective accounting controls on financial performance of selected SMEs in Bujumbura city, Burundi.