Theses and Dissertations (Financial Accounting)

A conceptual framework for trust-based voluntary tax compliance in South Africa

Wed, 26 Jun 2024 00:00:00 GMT

A conceptual framework for trust-based voluntary tax compliance in South Africa Mangisa, Lindiwe Wezizwe Small and medium-sized enterprises (SMEs) constitute the majority of businesses in emerging economies. However, tax authorities find it challenging to trace SMEs, which results in continuous tax non-compliance. Enforced tax compliance is not always viable because tax authorities are under-resourced versus many existing SMEs. Voluntary tax compliance of SMEs is therefore beneficial for tax authorities. According to the Slippery Slope Framework, voluntary tax compliance improves when there is trust in the tax authority. The purpose of this study was to identify and explore attributes related to trust-based voluntary tax compliance and recommend strategies that may enhance voluntary tax compliance. A qualitative study was undertaken through semi-structured interviews with eight SMEs from the Nelson Mandela Bay Municipality in South Africa. The study found that tax authority legitimacy, procedural and distributive fairness, tax awareness, transparency and communication are attributes of trust in the tax authority that lead to taxpayers trusting the tax authority. Trust in the tax authority positively impacts voluntary tax compliance. It is recommended that the tax authorities treat taxpayers fairly and strive to be seen as competent and transparent. The increased legitimacy of tax authorities influences and improves the tax awareness avenues offered to taxpayers. In addition, the tax authorities may benefit from developing collaborative relationships with various stakeholders to engage taxpayers, specifically SMEs, by providing tax awareness services.; AmaShishini aPhakathi namaNcinci (iiSME) ayinxalenye yesininzi samashishini kuqoqosho olusakhulayo. Nangona kunjalo, abasemagunyeni berhafu bakufumana kungumcelimngeni ukulanda umkhondo weeSME, nto leyo ebangela ukuthi gqolo kokungathotyelwa kwerhafu. Ukuthotyelwa kwemithetho yerhafu okunyanzeliswayo akusoloko kusebenza kuba abasemagunyeni berhafu bayasilela ngezixhobo zokwenza oku xa kuthelekiswa neeSME ezikhoyo ezininzi. Ukuthotyelwa kwerhafu ziiSME ngokuzithandela, ke ngoko kuluncedo kwabasemagunyeni berhafu. NgokweSlippery Slope Framework, ukuthobela imithetho yerhafu ngokuzithandela kuyaphucuka xa kukho intembeko kosegunyeni lerhafu. Injongo yolu phando yayikukuchonga nokuphonononga iimpawu ezinxulumene nokuthotyelwa kwerhafu ngokuzithandela okusekelwe kwintembeko kunye nokucebisa izicwangciso ezinokuthi ziphucule ukuthotyelwa kwerhafu ngokuzithandela. Kwaye kwenziwa uphando oluchazayo ngokuthi kwenziwe udliwanondlebe oluqingqwe lwaphakathi neeSME ezisibhozo kuMasipala oMbaxa iNelson Mandela Bay eMzantsi Afrika. Uphando lufumanise ukuba semthethweni kwigunya lerhafu, ubulungisa obujolise kuhanjiso lweenkonzo ngokwenkqubo, ulwazi ngerhafu, ukwenza izinto elubala nonxibelelwano ziimpawu zentembeko kwigunya lerhafu elikhokekelela ekuthenjweni kwegunya ngabahlawuli berhafu. Intembeko kwigunya lerhafu kunefuthe elihle ekuthotyelweni kwerhafu ngokuzithandela. Kucetyiswa ukuba abasemagunyeni berhafu babaphethe ngobulungisa abarhafi kwaye basebenzele ukubonwa njengabanesakhono nabasebenza elubala. Ukuba semthethweni kwabasemagunyeni berhafu kunefuthe kwaye kuphucula iindlela zolwazi ngerhafu ezinikezelwa kubahlawuli berhafu. Ukongeza, abasemagunyeni berhafu banganenzuzo ekwakheni ubuhlobo bentsebenziswano kunye nabathathinxeba abahlukeneyo ukuze banxulumane nabahlawuli berhafu, ngakumbi amashishini aphakathi namancinci asakhulayo (iiSME) oko bekwenza ngokunikezela ngeenkonzo zolwazi ngerhafu.; Klein en medium-ondernemings maak die meerderheid van ondernemings in opkomende ekonomieë uit. Belastingowerhede vind dit egter uitdagend om klein en medium-ondernemings na te spoor, wat lei tot volgehoue nie-belastingnakoming. Gedwonge belastingnakoming is nie altyd uitvoerbaar nie aangesien belastingowerhede ’n tekort aan hulpbronne het vergelykende met klein en medium-ondernemings. Vrywillige belastingnakoming van klein en medium-ondernemings is dus voordelig vir belastingowerhede. Ingevolge die gladdehelling-raamwerk (Slippery Slope Framework) is daar ’n verbetering in vrywillige belastingnakoming wanneer daar vertroue in die belastingowerheid is. Die doel van hierdie studie was om die kenmerke te identifiseer en te verken wat verband hou met vertrouensgebaseerde vrywillige belastingnakoming en om strategieë aan te beveel wat vrywillige belastingnakoming kan bevorder. ’n Kwalitatiewe studie is onderneem deur halfgestruktureerde onderhoude met agt klein en medium-ondernemings van die Nelson Mandelabaai-munisipaliteit in Suid-Afrika. Die studie het gevind dat die egtheid van belastingowerhede, prosessuele en verdelende billikheid, belastingbewustheid, deursigtigheid en kommunikasie kenmerke van vertroue in die belastingowerheid is wat daartoe lei dat belastingbetalers die belastingowerheid vertrou. Vertroue in die belastingowerheid het ’n positiewe invloed op vrywillige belastingnakoming. Daar word aanbeveel dat die belastingowerhede belastingbetalers billik moet behandel en moet streef om so bekwaam en deursigtig as moontlik te wees. Die toegenome egtheid van belastingowerhede beïnvloed en verbeter die belastingbewustheidsmiddels wat aan belastingbetalers gebied word. Verder kan belastingowerhede voordeel trek uit die ontwikkeling van gesamentlike verhoudings met verskeie belanghebbers om gemoeid te raak met belastingbetalers, veral klein en medium-ondernemings, deur belastingbewustheidsdienste te verskaf. Text in English, abstract in English, Xhosa and Afrikaans

Moving towards a carbon pricing strategy to leverage the decarbonisation of mining operations in South Africa

Wed, 01 Nov 2023 00:00:00 GMT

Moving towards a carbon pricing strategy to leverage the decarbonisation of mining operations in South Africa Makamela, Kgalalelo Constance The aim of this study was to develop a carbon pricing strategy to accelerate decarbonisation in the mining sector. A qualitative study was conducted to draw policy lessons from comparative analysis of the carbon tax policy regimes of the European Union, Switzerland, Canada and the United Kingdom (UK) in order to establish the carbon pricing strategies that will induce South African miners to invest in renewable energy technologies. A review of South Africa’s carbon tax regime highlights that the policy shortcomings may be attributable to low carbon prices, excessive free emission allowances and continued subsidy support of fossil fuels. The comparative benchmarking exercise indicates that significant decarbonisation occurs when there is a cap of emissions for energy-intensive industries, followed by an emissions trade or a penalty system. Furthermore, the carbon price needs to exceed cost of abatement so as to encourage investment in decarbonisation measures. A net present value simulation determines that a carbon price of ZAR 668.62 per tonne of CO2 would need to be levied in order to incentivise mining entities to invest in solar PV. The current study advances knowledge on carbon pricing within the theoretical underpinnings of Pigou theory of corrective taxes. The study recommends that a fixed CO2 emissions cap that declines yearly ought to be integrated into the South African carbon pricing regime. The carbon emission cap should further be supported by higher carbon prices for emissions exceeding the threshold so as to ensure that the national emission reduction pledges are successfully achieved.; Maikemisetso a thutopatlisiso eno e ne e le go tlhama togamaano ya peotlhotlhwa ya khabone go itlhaganedisa phokotso ya selekano se se ntshediwang mo tikologong sa khabonedaeokosaete mo lephateng la meepo. Go dirilwe thutopatlisiso e e tlhalosang maitemogelo le dikakanyo tsa batsayakarolo go bona thuto mo pholising, go tswa mo tshekatshekong e e neng e bapisa mekgwatsamaiso ya pholisi ya lekgetho la khabone ya European Union, Switzerland, Canada le United Kingdom (UK) ka maikaelelo a go tlhoma ditogamaano tsa peotlhotlhwa ya khabone tse di tlaa tlhotlheletsang baepi ba Aforika Borwa go beeletsa mo dithekenolojing tsa metswedi e e ka ntšhwafadiwang ya maatla. Tshekatsheko ya mokgwatsamaiso wa lekgetho la khabone wa Aforika Borwa e gatelela ntlha ya gore ditlhaelo tsa pholisi di ka tswa di bakilwe ke ditlhotlhwa tse di kwa tlase tsa khabone, ditetlelelo tse di sa duelelweng tsa selekano se se feteletseng sa khabone e e ntshiwang le tshegetso e e tsweletseng ya ketleetso ya metswedi e e ka se kgoneng go ntšhwafadiwa ya maatla. Tiragatso ya go lekanyetsa ka go bapisa e kaya gore go nna le phokotso e e bonalang ya selekano se se ntshiwang sa khabonedaeokosaete fa go na le tekanyetso ya selekano se se ka ntshiwang mo madirelong a a dirisang maatla a mantsi thata, mme e latelwa ke thotloetso ya go fokotsa selekano sa dikgotledi kgotsa tiriso ya kotlhao. Mo godimo ga moo, tlhotlhwa ya khabone e tlhoka go feta tlhotlhwa ya phokotso go rotloetsa peeletso mo mekgwatirisong ya go fokotsa selekano se se ntshiwang sa khabonedaeokosaete. Phopholetso ya bolengpalo jwa lotseno le dipoelo tsa ga jaana e tlhomamisa gore tlhotlhwa ya khabone ya ZAR 668.62 ka tono nngwe le nngwe ya CO2 e tlaa tlhoka go duedisiwa lekgetho go rotloetsa ditheo tsa meepo go beeletsa mo tirisong ya sediriswa se se fetolelang lesedi la letsatsi ka tlhamalalo go nna motlakase. Thutopatlisiso ya ga jaana e bona kitso ka ga peotlhotlhwa ya khabone mo metheong e e tshegetsang tiori ya ga Pigou ya makgethotshiamiso. Thutopatlisiso e atlanegisa gore tekanyetso ya selekano se se tlhomameng sa CO2 se se welang tlase ngwaga le ngwaga e tshwanetse go tsenyelediwa mo mokgwatsamaisong wa Aforika Borwa wa peotlhotlhwa ya khabone. Tekanyetso ya selekano sa khabonedaeokosaete e e ntshiwang e tshwanetse go tshegediwa go ya pele ka ditlhotlhwa tse di kwa godingwana tsa dilekano tsa khabone tse di ntshiwang mme di feta seelo se se beilweng go netefatsa gore go fitlhelelwa ka katlego ditsholofetso tsa bosetšhaba tsa phokotso ya selekano se se ntshiwang.; Maikemišetšo a nyakišišo ye e be e le go godiša mokgwa wa tekanyo ya khapone go potlakiša phokotšo goba phedišo ya khapontaoksaete mo lekaleng la meepo. Go šomišitšwe mokgwa wa nyakišišo wa boleng go hlaola dithutwana tša pholisi go tloga go tshekatsheko ya go bapetša ya molao wa pholisi ya motšhelo wa khapone wa Kopano ya Yuropa, Switzerland, Canada le United Kingdom (UK) go utolla mekgwa ya tekanyo ya khapone yeo e tla huetšago baepi ba Afrika Borwa go beeletša go ditheknolotši tša mohlagase wa go šomiša moya goba letšatši. Tshekatsheko ya molao wa motšhelo wa khapone wa Afrika Borwa o tšweletša gore mafokodi a pholisi a ka ba a hlotšwe ke ditheko tša khapone ya fase, ditumelelo tša tokollo ya go lokologa ye kgolo le go tšwela pele ka thekgo ya ditšhelete ya go thekga dibešwa tša malahla le gase. Mošomo wo wa go bapetša katlego o laetša gore phokotšo goba phedišo ya khapontaoksaete ye bohlokwa e direga ge go na le kaonafalo ya tokollo ya diintasteri tša mohlagase wa go tsenelela, wa latelwa ke phetogo ya ditokollo goba lenaneo la dikotlo. Se sengwe gape, theko ya khapone e hloka go feta tefo ye e fokoditšwego gore go hlohleletšwe peeletšo go ditekanyo tša phokotšo goba phedišo ya khapontaoksaete. Mohlwaela wa tšhelete o laodiša gore theko ya khapone ya R668.62 ka tone ya CO2 e tla swanela go lefelwa motšhelo go hlohleletša makala a meepo go beeletša go PV ya sola. Nyakišišo ya gonabjale e godiša tsebo ka ga theko ya khapone ka go motheo wa kakaretšo ya teori ya Pigou ya metšhelo ya mohola. Nyakišišo e šišinya gore ditokollo tša go se fetoge tša CO2 tšeo di fokotšegago ngwaga le ngwaga di swanelwa go kopanywa ka go molao wa theko ya khapone wa Afrika Borwa. Tokollo ya khapone e swanetšwe go thekgwa gape ke tefo ya godimo ya khapone ya ditokollo tša go feta mathomong go kgonthiša gore ditshepišo tša phokotšego ya tokollo ya bosetšhaba di fihlelelwa ka katlego. Abstract in English with SeTswana and SePedi translations

The moderating role of the audit committee on internal governance and financial sustainability in local government in Ghana

Fri, 01 Sep 2023 00:00:00 GMT

The moderating role of the audit committee on internal governance and financial sustainability in local government in Ghana Agyemang, Joseph Kwasi The need to enhance the financial sustainability of municipalities cannot be overemphasised. Despite the presence of internal governance mechanisms and the mandate of the Metropolitan, Municipal and District Assemblies (MMDAs) to raise revenue internally, they are still not financially sustainable because their internal revenue collection has not increased from previous years. Therefore, the study aimed to develop and propose a framework that incorporates how audit committee attributes can strengthen the relationship between the board of directors and internal auditors' attributes for MMDAs to be financially sustainable. Arguing from the perspectives of agency and resource dependency theories, data covering the period 2016 - 2020 were collected from the Ghana Auditor-General's report of the 207 MMDAs purposively selected to measure the financial sustainability of MMDAs. The study used a census balanced panel data design and survey approach to administer 621 structured questionnaires to the chief audit executives, audit committee, and board of directors' chairpersons in the 207 MMDAs. Data collected were analysed using descriptive statistics and partial least-squares structural equation modeling (PLS-SEM). The findings indicated that all the internal governance variables (board size, board independence, board gender diversity, internal auditor independence, internal audit size, internal auditor competence, audit committee meetings, audit committee independence, and audit committee competence) have a direct significant relationship with financial sustainability. The findings also showed that audit committee meetings moderate the relationship between board size, internal auditor independence, internal auditor competence, and financial sustainability. The findings further showed that audit committee competence moderates the relationship between internal auditor competence and financial sustainability. However, audit committee meetings failed to moderate board independence, board gender diversity, internal audit size, internal audit competence, and financial sustainability significantly. Also, audit committee independence and competence failed to moderate the board of directors and internal audit attributes significantly. iv Based on the findings, the researcher concludes that as part of the processes of reforming the public financial management system and increasing decentralisation in Ghana, this study has proposed a feasible framework. If adopted and implemented, it can improve internal governance mechanisms, and internally generated revenues, which will enhance the financial sustainability of MMDAs.; Isidingo sokuthuthukisa ukusimama kwezimali komasipala ngeke kugcizelelwe ngokwedlulele. Nakuba zikhona izindlela zokuphatha zangaphakathi kanye negunya leMihlangano Yezifunda Zomasipala, Umasipala kanye Nezifunda (MMDAs) ukuthi ziqoqe imali ngaphakathi, kodwa abakasimami ngokwezimali ngenxa yokuthi ukuqoqwa kwemali yabo engenayo akunyukanga uma kuqhathaniswa neminyaka edlule. Ngakho-ke, ucwaningo luhlose ukwakha kanye nokuphakamisa uhlaka oluhlanganisa ukuthi izici zekomidi locwaningo mabhuku zingaqinisa kanjani ubudlelwano phakathi kwebhodi labaqondisi kanye nezici zabacwaningi mabhuku bangaphakathi ukuze ama-MMDA akwazi ukusimama ngokwezimali. Ngokuphikisana nemibono yenhlangano kanye nemiqondo yokuncika kwezinsiza, ehlanganisa isikhathi sika-2016 - 2020 yaqoqwa embikweni woMcwaningi Mabhuku Jikelele waseGhana wama-MMDA angama-207 akhethwe ngenhloso ukulinganisa ukusimama kwezezimali kwama-MMDA. Ucwaningo lusebenzise umklamo wemininingwane yeqembu elinganiselwe lokubalwa kwabantu kanye nendlela yocwaningo ukuze kuphathwe uhlu lwemibuzo ehlelekile engama-621 kubaphathi abakhulu bamacwaningi mabhuku, ikomiti lokucwaninga amabhuku, kanye nosihlalo bebhodi labaqondisi kuma-MMDA angama-207. Imininingwane eqoqiwe yahlaziywa kusetshenziswa izibalo ezichazayo kanye nesifanekiso esilinganisela ubudlelwano phakathi kokuguquguquka okucashile (PLS-SEM). Okutholakele kuveze ukuthi zonke izinto eziguquguqukayo zokuphatha kwangaphakathi (ubukhulu bebhodi, ukuzimela kwebhodi, ukwehluka kobulili bebhodi, ukuzimela komcwaningi mabhuku wangaphakathi, ubukhulu bocwaningo mabhuku lwangaphakathi, ikhono lomcwaningi mabhuku wangaphakathi, imihlangano yekomiti lokucwaninga amabhuku, ukuzimela kwekomiti locwaningo mabhuku kanye nekhono lekomidi lokucwaninga amabhuku) zinobudlelwano obubalulekile obuqondile. ngokusimama kwezezimali. Okutholakele kuphinde kwakhombisa ukuthi imihlangano yekomidi locwaningo mabhuku yengamela ubudlelwano phakathi kobukhulu bebhodi, ukuzimela komcwaningi mabhuku wangaphakathi, ikhono lomcwaningi mabhuku wangaphakathi, kanye nokusimama kwezimali. Okutholakele kuphinde kwakhombisa ukuthi ikhono lekomidi lokucwaningwa kwamabhuku lengamela ubudlelwano phakathi kwekhono lomcwaningi mabhuku wangaphakathi kanye nokusimama kwezimali. Kodwa-ke, imihlangano yekomidi locwaningo mabhuku yehlulekile ukwengamela ukuzimela kwebhodi, ukwehluka kobulili bebhodi, ubukhulu bocwaningo mabhuku lwangaphakathi, ikhono lokucwaninga amabhuku kwangaphakathi, kanye nokusimama kwezimali kakhulu. Futhi, ukuzimela nekhono lekomidi lokucwaninga amabhuku kwehlulekile ukwengamela ibhodi labaqondisi kanye nezici zocwaningo lwangaphakathi. Ngokusekelwe kokutholakele, umcwaningi uphethe ngokuthi njengengxenye yezinqubo zokuguqula uhlelo lokuphathwa kwezimali zikahulumeni kanye nokwandisa ukwabiwa kwezindawo eGhana, lolu cwaningo luphakamise uhlaka olungenzeka. Uma lwamukelwe futhi lwasetshenziswa, lungathuthukisa izindlela zokuphatha zangaphakathi, kanye nemali engenayo etholwa ngaphakathi, okuzothuthukisa ukusimama kwezezimali kwama-MMDA.; Tlhokego ya go tokafatsa tsweledisego ya ditšhelete ya bommasepala e botlhokwa thata. Le mororo go na le mekgwatiriso ya ka fa gare ya taolo le taolelo ya Dikokoanotheomolao tsa Mmasepala wa ditoropokgolo, Mmasepala wa ditoropo le Mmasepala wa dikgaolo (di-MMDA) go oketsa lotseno la ka fa gare, ditšhelete tsa tsone di sa ntse di sa tsweledisege ka ntlha ya gore kgobokanyo ya tsone ya lotseno la ka fa gare ga e a oketsega dingwageng tse di fetileng. Ka ga jalo, thutopatlisiso e ikaelela go tlhama le go tshitsinya letlhomeso le le tsenyeletsang tsela e dipharologantsho tsa komiti ya boruni di ka tiisang ka gone kamano fa gare ga boto ya bakaedi le dipharologantsho tsa moruni wa ka fa gare go dira gore ditšhelete tsa di-MMDA di tsweledisege. Mabaka a neelwa go lebilwe tiori e e ka ga kamano ya batho ba ba mo taolong le tsamaiso ya setheo le ditiori tse di tsepamisang mo go ikaegeng ga setheo se se rileng ka setheo se sengwe go bona metswedithuso ya sone, deitha e e akaretsang paka ya 2016 - 2020 e kgobokantswe go tswa mo pegelong ya Moruni-Kakaretso wa kwa Ghana ya di-MMDA di le 207 tse di tlhophilweng ka lebaka la go lekanyetsa tsweledisego ya ditšhelete ya di-MMDA. Thutopatlisiso e dirisitse tsela ya go lebelela batsayakarolo botlhe ka nako e le nngwe le mokgwatiriso wa go kgobokanya deitha ka go botsa batho dipotso tse di amanang le tlhotlhomiso go tsamaisa dipotsolotso tse di kgobokanyang deitha di le 621 mo bakhuduthamageng-bagolo ba boruni, komiti ya boruni, le badulasetilo ba boto ya bakaedi mo di-MMDA di le 207. Deitha e e kgobokantsweng e sekasekilwe ka go dirisa dipalopalo tse di sobokanyang le go tlhalosa deitha le mokgwa o o dirisiwang go fopholetsa kamano e e raraaneng fa gare ga dipharologantsho tse di farologaneng (PLS-SEM). Diphitlhelelo di kaile gore dipharologantsho tsotlhe tsa taolo ya ka fa gare (bogolo jwa boto, boikemedi jwa boto, go akarediwa ga bong jo bo farologaneng mo botong, boikemedi jwa moruni wa ka fa gare, bogolo jwa boruni jwa ka fa gare, bokgoni jwa moruni wa ka fa gare, dikopano tsa komiti ya boruni, boikemedi jwa komiti ya boruni, le bokgoni jwa komiti ya boruni) di na le kamano ka tlhamalalo le tsweledisego ya ditšhelete tsa setheo. Gape diphitlhelelo di bontshitse gore dikopano tsa komiti ya boruni di lekanyetsa kamano fa gare ga bogolo jwa boto, boikemedi jwa moruni wa ka fa gare, bokgoni jwa moruni wa ka fa gare, le tsweledisego ya ditšhelete tsa setheo. Diphitlhelelo di bontsha go ya pele gore bokgoni jwa komiti ya boruni bo lekanyetsa kamano fa gare ga bokgoni jwa moruni wa ka fa gare le tsweledisego ya ditšhelete tsa setheo. Le fa go ntse jalo, dikopano tsa komiti ya boruni di paletswe ke go lekanyetsa boikemedi jwa boto, go akarediwa ga bong jo bo farologaneng mo botong, bogolo jwa boruni jwa ka fa gare, bokgoni jwa boruni jwa ka fa gare, le tsweledisego ya ditšhelete tsa setheo mo go bonalang. Gape, boikemedi le bokgoni jwa komiti ya boruni bo paletswe ke go lekanyetsa dipharologantsho tsa boto ya bakaedi le tsa boruni jwa ka fa gare mo go bonalang. Go ya ka diphitlhelelo, motlhotlhomisi o swetsa ka gore jaaka karolo ya ditirego tsa go tokafatsa mokgwatsamaiso wa taolo ya ditšhelete tsa puso le go oketsa go anamisiwa ga taolo ya bothati-gare go dikarolwana tse dingwe kwa Ghana, thutopatlisiso eno e tshitsintse letlhomeso le le ka dirisiwang bonolo. Fa le ka amogelwa le go tsenngwa tirisong, le ka tokafatsa mekgwatiriso ya taolo ya ka fa gare, le lotseno le le dirilweng ka fa gare, moo go tla oketsang tsweledisego ya ditšhelete ya di-MMDA. Abstract in English with Zulu and Tswana translations

The value relevance of integrated reporting in South Africa and the United Kingdom

Wed, 19 Oct 2022 00:00:00 GMT

The value relevance of integrated reporting in South Africa and the United Kingdom Khatlisi, Mbalenhle In 2013, the International Integrated Reporting Council (IIRC) had a long-term vision that firms across the world would adopt integrated reporting, which would ultimately become a corporate reporting norm. However, nine years later, integrated reporting is still voluntary in most countries, with South Africa being an exception. This study examined the value relevance of integrated reporting in a country which has been considered a leader in integrated reporting, South Africa, and a country that is the home base of IIRC, the United Kingdom. Integrated reporting would be value relevant if it has a predicted association with firm value. The study also investigated whether integrated reports with a high level of integrated reporting in line with the International Integrated Reporting Framework (International Framework) have a different association with firm value, compared to integrated reports with a low level of integrated reporting in each country. The study also tested whether the value relevance of integrated reporting in South Africa is statistically different compared to the value relevance of integrated reporting in the United Kingdom. Agency theory, signalling theory and voluntary disclosure theory formed the theoretical framework that served as a basis to develop testable hypotheses and guide the methodology which was adopted to achieve the research objectives of the study. In this study, a quantitative research method was applied. Ohlson’s (1995) valuation model and Tobin’s Q valuation model were used to test the value relevance of integrated reporting. The measures of firm value used in the study were the market value of equity and Tobin’s Q. The sample of the study consisted of two groups. The first group consisted of the Top 100 firms listed on the Johannesburg Stock Exchange (JSE). Financial and market data for these firms were collected from the JSE and IRESS Research Domain, and other disclosure information was hand-collected from the sources available. The second group consisted of Top 100 firms listed on the London Stock Exchange (LSE) – in other words, the Financial Times Stock Exchange (FTSE) 100 firms. Financial data for these firms were collected from the Refinitiv database; other disclosure information was hand-collected from the sources available. The sample period for both groups ran from 2011 to 2018. An integrated reporting disclosure index based on the guiding principles and content elements of the International Framework was developed in the study and was used to measure the level of integrated reporting. The overall findings for the South African sample showed that integrated reporting was not positively associated with firm value, except for the sample during the King III reporting periods, where a positive association between integrated reporting and firm value was obtained when firm value was proxied by Tobin’s Q. The findings also showed that capital markets in South Africa did not differentiate between integrated reports with a high level of integrated reporting and those with a low level of integrated reporting. For the United Kingdom, the main findings showed that integrated reporting was not positively associated with firm value when firm value was proxied by either the market value of equity or Tobin’s Q. The findings also showed that integrated reports with a low level of integrated reporting in the United Kingdom were negatively associated with firm value when Tobin’s Q was used as a proxy for firm value. The overall results also showed that the association between integrated reporting and firm value in South Africa was not statistically different from the association between integrated reporting and firm value in the United Kingdom. This study extended the literature by examining the value relevance of integrated reporting in the United Kingdom, which is the home base of the IIRC, but which still has voluntary integrated reporting, as well as in South Africa, which has been termed a leader in integrated reporting and has mandatory integrated reporting. In addition, this study also contributes to the body of knowledge by examining whether the regime change from King III to King IV in South Africa had any significant impact on the value relevance of integrated reporting.