Corruption Control in the Public Sector and the Nigerian Accountant
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2018, Vol 8, Issue 1
Abstract
Corruption has become a systemic problem in Nigeria with its negative effects on every facet of the economy. This study examines the role of accountant on corruption control in the Nigerian public sector and the impact of internal control, accounting standard compliance and accounting code of ethics. The research design is an empirical survey; test of relationship was carried out to determine the correlation between accountant role and corruption control in Ondo and Ekiti State, Nigeria. Primary data was obtained through structured questionnaire and cronbach alpha coefficient was used to test for reliability of the research instrument and result from data collected. Descriptive analysis was carried out on data collected and Pearson Moment correlation and ANOVA were employed in inferential analysis with the result of p =0.746 and p = 1.299 respectively. Findings reveals that accounting control measures put in place by the accountant in public sectors are sufficient in content and scope to prevent corruption in the public sectors, in addition, the success of these effective controls depend on honest personnel and tone at the top. The study therefore recommended among others that, accounting code of ethics as well as compliance to public sector accounting standard together with effective internal control should be employed to control corruption. Tone at the top should be correct and lead by good labeling and modeling.
Authors and Affiliations
Deborah Bose Adedeji, Kazeem Akanfe Soyinka, Oluwafemi Michael Sunday
Keywords
Related Articles
- EP ID EP287568
- DOI 10.6007/IJARAFMS/v8-i1/3920
- Views 100
- Downloads 0
Measuring Excess Cash Balance and Studying its Relationship with Stock Return in Companies Accepted in Tehran Stock Exchange
Achieving a Sustainable Business: The Role of Environmental Management Accounting in Corporate Governance
This paper establishes the relevance of Environmental management accounting (EMA) as an inevitable system for ensuring effective corporate governance. In contemporary business, corporate leaders globally stress on ensuri...
The Role of Mining in National Economies
The Effect of Business Environment on Investment among Financially Included Youth in Kenya
The importance of financial inclusion in reducing poverty and achieving inclusive growth through household investments cannot be gainsaid. This has seen countries spend huge amount of resources towards financial inclusio...
The Impact of Brand Experiences, Brand Equity and Corporate Branding on Brand Loyalty: Evidence from Jordan
The aim of this research paper was to approach the impact of brand experiences, brand equity and corporate branding on brand loyalty. The sample of this research consisted of 413 employees selected on a random basis from...