Lifestyle Audit and Fighting Against Corruption: Evidence from Nigeria

Abstract

Corruption is a global pandemic that can destroy the economy of any nation if care is taken. This study therefore examined lifestyle audits (LSAs) and fighting against corruption (FAC). This study adopted a survey research approach and employed primary data. A purposive sampling technique was used to draw the samples of 241. This study used bar chart, general linear and regression models to analyze the data gathered. Findings from this study showed that the estimated P-value of 000 > 0.01 significant level. This study revealed a complete demand for the application of LSAs in Nigeria for FAC. This study recommended that government of any country including Nigeria that may wish to apply LSAs for FAC should amend their existing legal frameworks to permit full operation of LSAs during the investigation, arrest and trials of any corrupt suspect. The outcomes of this study could appeal to government, educational regulators and the accounting professional bodies world-wide on the need to incorporate the studies of lifestyle auditing into the curricula

Keywords: Lifestyle audits, fight against corruption

DOI: 10.7176/RJFA/12-7-04

Publication date: April 30^th 2021