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The latitude created by generally accepted accounting principles for accountants to adopt alternative treatments for financial accounting transactions has paved way for financial reporting malfeasances. Corporate managers now cosmetically present financial statements to massage their self interest at the expense of capital providers and other stakeholders. This phenomenon, otherwise referred to as earnings management has found dominance in academic and professional discourse following the collapse of world gigantic corporate empires. As a result of the misalignment of interest between managers and shareholders, there has been an international trend towards developing and implementing corporate governance to fight against managers' opportunistic behaviours that have undermined investors' credibility in financial report. Corporate governance attributes help investors by aligning the interest of …