ACCOUNTING ETHICS AND GLOBAL ECONOMIC MELTDOWN: THE NIGERIAN EXPERIENCE
Emeneka, Ogochukwu L. and Oranefo, Patricia C.
Department of accountancy,
Nnamdi Azikiwe University, Awka
o.emekneka@unizik.edu.ng; rollandchi@yahoo.com
ABSTRACT
The main objective of this study is to determine whether improved ethical behaviour of accountants is capable of mitigating an economic meltdown. The study employed the descriptive research design, and a survey of chartered accountants was carried out to elicit their opinion on the subject matter. The formulated hypotheses were tested using one-sample Z test. The study findings show that ethical behaviour of accountants is capable of mitigating creative accounting practices in Nigerian companies. Secondly, ethical behaviour would influence the level of transparency in information disclosure. Thirdly, there is a high level of compliance with ethical standards by Nigerian accountants. Based on this the study recommends that a re-visitation of existing guiding ethical standards. Strict enforcement of promulgated ethical standards: This enforcement should be encouraged in both work place and professional practice. Specifically, professional monitoring teams should be established to monitor the enforcement of this.
Keywords: Ethical behaviour of accountants, Economic meltdown and Accounting practices
Emeneka, O.L. & Oranefo, P.C. (2022). Accounting Ethics and Global Economic Meltdown: The Nigerian Experience. Research Journal of Management Practice, 2(1), 81-95. Available online at: https://www.ijaar.org/articles/rjmp/v2n1/rjmp-2vn1-Jan22-p21919.pdf.
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