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Abstract
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Article Information:
Ethical Compliance by the Accountant on the Quality of Financial Reporting and Performance of Quoted Companies in Nigeria
G.N. Ogbonna and Appah Ebimobowei
Corresponding Author: Appah Ebimobowei
Submitted: 2011 April, 21
Accepted: 2011 June, 10
Published: 2011 August, 15 |
Abstract:
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The study investigates the ethical compliance by the accountant on the quality of financial reporting
and performance of quoted companies in Nigeria. Five hypotheses guided the study. The sample for the study
which was twenty companies from five sectors quoted in the Nigerian Stock Exchange. They were
systematically and purposively selected from the number of quoted companies in the exchange. A five point
scale questionnaire was used with items on ethical issues on organizational financial reporting and performance.
Data was analyzed using descriptive statistical tools and Spearman Rank Order Correlation Coefficient.
Findings suggest that the compliance by the accountant positively and significantly affect the quality of
financial reports and performance of organizations. The conclusion drawn from the findings is that the
compliance by the accountant on professional ethics of integrity, objectivity, honesty, compliance and
accountability will improve the quality of financial reports and the performance of organizations. Based on the
findings, some recommendations were made, among which are that organizations should establish a position
for ethics officers in Nigerian organizations; creation of non-threatening environment for the discussion of
ethical problems and co-operation between the accountant, other employees and management in solving ethical
difficulties that prevail or impinge on the environment. The accountants should up-hold the codes of
professional ethics in their day-to-day responsibilities.
Key words: Ethical compliance, financial reporting, organizations, performance, Nigeria, ,
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Cite this Reference:
G.N. Ogbonna and Appah Ebimobowei, . Ethical Compliance by the Accountant on the Quality of Financial Reporting and Performance of Quoted Companies in Nigeria. Asian Journal of Business Management, (3): 152-160.
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ISSN (Online): 2041-8752
ISSN (Print): 2041-8744 |
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