Global Ethical Consideration and Accounting Practices in Nigeria


The poor culture of accounting practices in Nigeria, as well as manipulation of financial statements have attracted the attention of scholars’ overtime to question the role of global ethics on accounting practices in Nigeria. In view of this, the main objective of this study dealt on the conceptual review of global ethical consideration and accounting practices in Nigeria. The study employed a review of literature by past researchers on the discourse. In conclusion, the study found that in Nigeria the culture of accounting promotes creative accounting practices, income smoothing and window dressing. Based on the findings, the study recommended that culture should be given adequate consideration in enforcement of global ethical rules and regulation among practicing accountants in Nigeria. Furthermore, professional bodies like Institute of Chartered Accountants of Nigeria ICAN, Association of National Accountants of Nigeria and financial reporting council of Nigeria. Should work in concensus in order to comply effectively with IFRS and global ethical rules and regulations.

Citation: Ifeoma Kate Nonyelum Maduka, Lateef Olamide Mustapha; Blessing Ogechi Ajunwa (2022) Global Ethical Consideration and Accounting Practices in Nigeria, European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 9, pp.36-57


Keywords: Culture, Nigeria, accounting practices, creative accounting, ethical considerate global ethics


Article Review Status: Published

Pages: 36-57 (Download PDF)

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