Professional Ethics and Compliance by Nigerian Professional Accountant for Sustainable Development

Abstract

This study examined professional ethics and compliance by professional accountant for sustainable development in Nigeria. To achieve this objective the researcher basically make use of descriptive research design. which included all professional accountants in Bamidele Olumilua University of Education, Science and Technology, Ikere Ekiti. There was no sampling technique adopted because all professional accountants in the institution were used as respondents. The instrument used for data collection was a self-designed questionnaire titled: Professional Ethics and Compliance by Nigerian Professional Accountant (PECNPA). A four Likert Scale questionnaire items was provided to elicit responses from the participants. The scores obtained from each respondent were used to analyze the data. Data analysis was conducted using descriptive (mean & standard deviation) and inferential statistics (Chi-square) at 0.05 level of significance. The result showed that the effective and adequate compliance with professional ethics will go a long way in assisting practicing professional accountant to achieve a maximum report presentation that induce investors decision towards investment thereby enhancing  sustainable development . The author recommend that custodian of the ethical practices must ensure total compliance with the codes of ethics during preparation and presentation of financial statement and reporting standard. Also adequate training and retraining cum proper education from time to time on the necessity of proper understanding of professional ethical codes to ensure compliance with international standard must be put in place.

Keywords: professional ethics, professional accountants, quality reporting standard, accounting ethics.

DOI: 10.7176/RJFA/14-12-05

Publication date:June 30^th 2023