Proceedings of The International Conference on Advanced Research in Management, Economics and Accounting
The Impact of Ethics on Financial Report of Corporate Organizations in Nigeria
Obasesin Moses Odunayo and Olaoye Festus Oladipupo
The purpose of this research was to examine the impact of ethics on financial report of corporate organizations in Nigeria. This paper explores the role of accounting professionals on financial reporting towards the users of accounting information. The study adopted population sample of corporate organizations in Nigeria, specifically those residents in Lagos State. The study is highly descriptive and empirical embracing the use of questionnaire as the primary source of data with results presented on percentages, average and standard deviation. The target respondents were finance professionals comprising accountants and auditors of corporate organizations in Lagos State. To achieve the objective of the study, 50 questionnaires were administered to the finance professionals. Of the 50 questionnaires administered, 40 was retrieved which underwent required analysis and the one way ANOVA technique was used to test the hypothesis. Findings from the research revealed ethics have a significant impact on financial report of corporate organizations in Nigeria. It was recommended, corporate organizations should imbibe qualitative recruitment process, full adoption of the international financial reporting standards in their accounting policies, firms should establish a compliance department in their respective offices while regulatory agencies of the government should do proper monitoring of business enterprise on ethical guidelines compliance.
Keywords: Accountability; Ethics; Financial Report; Reporting Entity.