Impact of Ethical Codes on Professional Accounting Practices in Nigeria: Professional Accountants Pe...

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" Impact of Ethical Codes on Professional Accounting Practices in Nigeria: Professional Accountants Perceptions "
Abdulkareem, Mohammed Dayo Adeyemi, Keneth Sola

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	1052356
Doc. No	:	TL51473
Main Entry	:	Abdulkareem, Mohammed Dayo
Title & Author	:	Impact of Ethical Codes on Professional Accounting Practices in Nigeria: Professional Accountants Perceptions\ Abdulkareem, Mohammed DayoAdeyemi, Keneth Sola
College	:	Kwara State University (Nigeria)
Date	:	2019
Degree	:	M.S.
student score	:	2019
Note	:	92 p.
Abstract	:	The failure of organizations in most part of the world has once more increased the need for accounting professionals to adhere strictly to the ethical codes of professional practice. High-profile corporate accounting scandals have been attributed to accountants and auditors not adhering to the codes of professional ethics. The main objective of this study is to examine the impact of ethical codes on professional accounting practices in Nigeria. To achieve this objective, the specific objectives were to (i) Investigate the extent to which the integrity of accountants affects professional accounting practices in Nigeria; (ii) Examine the impact of independence of accountants on professional accounting practices in Nigeria; and (iii) Determine the extent to which professional competence of accountants affects professional accounting practices in Nigeria. The study employed survey research design with the population consisting of one hundred and fifty three (153) chartered accountants in Kwara State and the sample size of one hundred and eleven (111) using Taro Yamane to select the sample size. However, eighty four (84) questionnaires were returned out of the one hundred and eleven (111) administered. The Data collected were analysed and the stated hypotheses were tested using Pearson’s correlation co-efficient and regression. The study found that integrity is an important predictor of professional accounting practices (T=1.083 P=0.01) at 5% level of significance, this implies that the accounting profession becomes more credible when the concept of integrity is applied. The study also revealed that independence (T=0.067 P=0.02) and professional competence (T=.053 P=0.04) have significant impact on professional accounting practices in Nigeria. From the results obtained, the study concluded that ethical codes is a significant factor that determines the quality of professional accounting practices in Nigeria using variables such as integrity, independence and professional competence as the independent variables. Based on the discussion of findings, it was recommended that the concept of integrity should be applied often by accountants as this will improve transparency and accountability in the quality of professional accounting practices.; also accountants as custodians of financial reports should engage in more investigative reporting for the interest of the stakeholders rather just the management. Furthermore, organizations should provide ethics training programs for employees and there should be more emphasis on financial managers explaining the underlying ethical and legal principles as this will help build their professional competence in carrying out their various assignments.
Descriptor	:	Accounting
Added Entry	:	Adeyemi, Keneth Sola
Added Entry	:	Kwara State University (Nigeria)