ABSTRACT
The continuing influence and impact which personal and professional ethics exerts upon individuals, organizations and society, and the factors which influence organizational ethics, has been thrust into the headlines of the American populous. The ethical issues faced daily by organizations and their employees are neither always straightforward nor easy to resolve. Results of unethical behaviour by accounting/audit professionals, and the impact of ethics upon organizations, is a topic of growing concern in corporate board rooms around the world. This paper will examine the timely and important ethics and its relevance and importance to overall corporate wellbeing. In particular, what factors influence the likelihood that an individual will act ethically or less than ethical, and what this means to management, the organization, and internal controls in general. This paper is designed to help educate people on unethical accounting practices, why they occur, and how we as a nation can promote ethical behaviour
Abstract This study examined unethical accounting practice and financial reporting quality in Nigeria. Behaving ethically is an essential and expected trait for professional accountants. The society places high premium of trust and expectation from the professional accountants and auditors as such people need to have confidence in the financial reports being prepared/audited by them in making an informed decision. It’s imperative therefore, that the information being provided by accountants and auditors should be meaningfully efficient, reliable, and realistic and are unbiased. An explanatory case study approach was used for the study complemented by archival data, newspaper reports and regulatory report. One of the key issues in our findings is that extended audit tenure could impair auditor’s independence and ability to employ professional skepticism on matters at their disposal. Non adherence to the spirit and letter of corporate governance was also responsible for the corporate scandals. We recommend therefore that the composition of the board of Directors and audit committee members should be made up of people of proven integrity and corporate experience. Also the tenure of external auditors should have a terminal frame and not be too long to as to affect their ethical conduct.
CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND TO THE STUDY
1.2 STATEMENT OF PROBLEMS
1.3 OBJECTIVES OF THE STUDY
1.4 RESEARCH QUESTION:
1.5 SIGNIFICANCE OF STUDY
1.6. RESEARCH METHODOLOGY
1.7. SCOPE OF THE STUDY
1.8. LIMITATION OF THE STUDY
1.9. DEFINITION OF TERMS
1.10. BRIEF HISTORY OF CASE STUDY (AFRIBANKS PLC, AND CADBURY PLC.)
CHAPTER TWO
LITERATURE REVIEW
2.1. Conceptual Framework
2.1.1. DEFINITION OF UNETHICAL ACCOUNTING PRACTICES
2.2. TYPES OF UNETHICAL ACCOUNTING PRACTICE BY FINANCIAL REPORTERS
2. 3. REASON FOR UNETHICAL PRACTICE
2.4. UNETHICAL ACCOUNTING PRACTICES BY ACCOUNTANTS
2.4.1. TYPE OF UNETHICAL PRACTICES BY ACCOUNTANTS IN BUSINESS
2.4.2. CAUSE OF UNETHICAL PRACTICES BY ACCOUNTANTS IN BUSINESS
2.5.0. UNETHICAL ACCOUNTING PRACTICES BY AUDITORS
2.5.1. DEFINITION OF AUDITOR
2.5.2. AREAS OF UNETHICAL ACCOUNTING PRACTICES BY AUDITORS
2.5.3. THE CAUSES OF THESE UNETHICAL ACCOUNTING PRACTICES BY AUDITOR
2.6.0. UNETHICAL ACCOUNTING PRACTICES BY DIRECTORS
2.6.1. Definition of Directors
2.6.2. UNETHICAL ACCOUNTING PRACTICES BY DIRECTORS
2.6.2. CAUSE AND REMEDY OF UNETHICAL ACCOUNTING PRACTICE BY DIRECTORS
2..7. CAUSES OF UNETHICAL BEHAVIOUR IN THE NIGERIAN BANKING INDUSTRY
2.10.1. IMPORTANCE OF PROFESSIONAL ETHICS
2.10.2. NEED FOR PROFESSIONAL CODE OF ETHICS FOR ACCOUNTANTS
2.10.3. FUNDAMENTAL PRINCIPLES OF PROFESSIONAL CODE OF ETHICS:
2.11.2. SAFEGUARD OF THE THREATS:
2.14.1. IMPORTANCE OF FINANCIAL REPORTING
2.14.2. THE QUALITY OF FINANCIAL REPORTING
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 INTRODUCTION
3.2 RESEARCH DESIGN
3.3 METHOD OF DATA COLLECTION
3.4 TECHNIQUES OF DATA ANALYSIS.
3.5. AREA OF THE STUDY
3.6. POPULATION OF THE STUDY
3.7. VALIDITY TEST
CHAPTER FOUR
PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA
4.0 INTRODUCTION:
4.2 DATA ANALYSIS
4.3. DATA PRESENTATION AND INTERPRETATION
CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.0 INTRODUCTION
5.1. SUMMARY OF FINDINGS
5.2. CONCLUSION
5.3. RECOMMENDATIONS
REFERENCES