Causes Consequences and Remedies of Unethical Accounting Practices Among Accountants in Business: A Review of Private Sector Organizations in Nigeria

Abstract

This paper examined the Causes, Consequences and Remedies of Unethical Accounting Practices among Accountants in business: A Review of Private Sector Organizations in Nigeria. The study seeks to identify how Accounting Ethics among Accountants in business can improve the financial transparency and performances of their respective Organizations. The specific objectives of this work will be to determine the effect of Conflict of interest among Accountants in business on the performances of Private Sector Organizations in Nigeria, the effect of Gift and inducement of values among Accountants in business on the performances of Private Sector Organizations in Nigeria and the effect of greed among Accountants in business on the performances of Private Sector Organizations in Nigeria. Several studies have discussed how Accounting Ethics have affected the financial transparency and performances of Private Sector Organizations in Nigeria but failed to ascertain how it improves the moral wellbeing of the Accountants in business. Hence, the study will fill the identified gap. The study anchors on Normative ethical theory . Normative theories determine the moral rightness or wrongness of a decision or action based on its intrinsic features or characters. After reviewing relevant literatures and empirical studies, the study recommend remedies as follows to private organizations: Establish a code of conduct, Promote ethical training, Encourage whistleblowing, Implement internal controls, Lead by example etc.

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