IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT (IJEFM )

E-ISSN 2545-5966
P-ISSN 2695-1932
VOL. 9 NO. 8 2024
DOI: 10.56201/ijefm.v9.no8.2024.pg31.47

---

Corporate Governors and Accounting Ethics in Nigeria

Emmanuel ATAGBORO PhD & Nera Ebenezer MANSI PhD

---

Abstract

This research project investigated the effect of unethical corporate governance on accounting ethics in Nigeria. The primary aim of the study was to determine the influence of unethical corporate governance activities practiced by directors, accountants, auditors and secretaries on good conducts in banks, educational institutions and the public sector. Cross sectional descriptive survey design was used to guide the research. Commercial banks, central bank of Nigeria, Bayelsa Internal Audit, Bayelsa State Treasury, and Niger Delta University audit, bursary units, and management constitute the population. The study adopted purposive sampling technique by issuing five questionnaire each to the target population. The data gathered were inferentially analyzed. The results from the analysis showed that accounting and organizational ethics are significantly impaired by directors and administrators’, management accountants’, internal and external auditors, and secretaries’ unethical corporate governance in Nigeria. The study concludes that unethical corporate governance has adverse effect on accounting ethics in ministries, departments, institutions, parastatals, deposit money banks, units and the central Bank of Nigeria, and a corresponding effect on the stakeholders of the Nigerian economic activities. The study recommends are made: Directors and administrations of organizations and institutions should deviate from unethical activities that will impair accounting ethics; management accountants should be clear from unethical activities that will impair accounting ethics; Internal and external auditors should deviate from unethical activities that will entangle accounting and organizational ethics in Nigeria; and secretaries should avoid unethical activities that will hamper accounting and organizational ethics in Nigeria.

keywords:

Auditors, Directors, Management Accountants, Secretaries, Unethical Governance

---

References:

Adeniyi, A. A. (2015). Cost accounting: A managerial approach. Value Analysis Consult,
Lakeshore Housing, Isheri, Ogun State, Nigeria.
Akintoye, I. R. (2010). Corporate Governance and Reporting. Being paper presented at ICAN
Interactive Session for Accountants in Education. Lagos, 8th March, 2010
Burges, S. (2023). Responsibilities and duties of company directors. Press Release, Tyler Hill,
11(2), 3-7.
Collins S. O., & Solabomi, O. A. (2018). Personal characteristics and ethical decision making
process of accounting professionals in Nigeria. Crawford Journal of Business and
Social Sciences (CJBASS), 1-23.
Financial Reporting Council of Nigeria (2020). Auditors’ responsibilities for the audit.
Fontinelle, A., Clemon, D., & Li, T. (2023). What Management Accountants Do?
Investopedia.
Joseph, A., & Austin, N. (2019). Challenges of Corporate Governance in Nigeria: The Roles
of Auditors and Institutional Investors. International Journal of Economics and
Business Management, 5(1), www.iiardpub.org.
Kingsley, W. (2015). Creative accounting: unethical accounting and financial practices
designed to boot earnings and to meet financial market expectations. Journal of
Business & Economic Policy, 2(1), 39-48.
Leslie, B. (2018). Business Management: List of the Duties of a Secretary. CHRON.
Nakpodia, F., & Adegbite, E (2018). Corporate governance and elites. Accounting Forum,
42(1), 17-31.
Oye, A. (2014). Financial Management. EL-TODA VENTURES LTD, Mushin, Lagos,
Nigeria.
Peace O. O., & Elewechi O. (2015). Corporate governance and earnings management:
empirical evidence from Nigeria. Corporate Ownership and Control, 12(4), 32-43.
Peter. O. I., & Eyesan. L. D. (2015). Corporate governance and accounting quality: empirical
investigations from Nigeria. Journal of Policy and Development, 9(2), 157-9385.
Public Company Accounting Oversight Board (PCAOB) (2023). Responsibilities and
Functions of the Independent Auditor.
Salaudeen, Y. M., Ibikunle, J., & Chima, E. I. B. (2015). Unethical accounting practice and
financial reporting quality: evidence from Nigeria. International Journal of Academic
Research in Accounting, Finance and Management Sciences, 5(2),143–150.

DOWNLOAD PDF

---

Back