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THE LEVEL OF COMPLIANCE WITH THE CODE OF ETHICAL VALUES FOR PROFESSIONAL ACCOUNTANCY PRACTICE IN NIGERIA
EGIYI, Modesta Amaka PhD. & UGWOKE, R. O. PhD.
The increase in the level of accounting scandals recorded in large organizations generates disrepute and frequently paints the accounting profession in bad light. A huge gap exists between the documented form of ethical codes and what is obtainable in real practice. 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. It recommends that organizations/institutions should seek to establish ethical leadership by providing adequate education for practicing accountants which will enable them embrace principles consistent with ethical reasoning and sound decision-making which will in the long run, foster a sustainable ethical working environment.
Editorial
Published: 31 October 2021
5(2) 109 - 114.
Affiliations
Department of Accountancy, Godfrey Okoye University, Nigeria.1
Department of Accountancy, University of Nigeria, Enugu Campus, Nigeria.2
Department of Accountancy, University of Nigeria, Enugu Campus, Nigeria.2
EGIYI, Modesta Amaka PhD.1 & UGWOKE, R. O. PhD.2
Corresponding Author
EGIYI, Modesta Amaka PhD.
Cite this article
EGIYI, Modesta Amaka & UGWOKE, R. O. (2021). The Level of Compliance with the Code of Ethical Values for Professional Accountancy Practice in Nigeria. Otuoke Journal of Management Sciences, 5(2) 109 - 114.
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