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Ethics in accounting practice in Nigeria

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  • The recent increase in the level of accounting scandals recorded in large organizations generates disrepute and frequently paints the accounting profession as unethical. A huge gap exists between the documented form of ethical codes and what is obtainable in real practice. This study evaluated the adequacy of ethical codes and conducts in the accounting profession in Nigeria. Survey Research design was used through the administration of questionnaires.

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  • This study seeks to evaluate the adequacy of ethical codes in the accounting profession in Nigeria. The study further examines the role played by professional accounting regulatory bodies on the level of compliance to ethical code of conducts in the accounting profession so as to ascertain the threats and challenges that pose as obstacles to the development of Professional Accounting in Nigeria. The study therefore concludes that these threats and challenges could impede the future advancement of the accounting profession.

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