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 92
- Downloads 0
Indicators calculated for Competitiveness Operational Programme
Investigating the Impact of Social Capital on Knowledge Management Development (The Case Study: Telecommunication Company of Kashan)
The Dilemma of Toyota Production System Implementation. A Case Study of Taiwan Machine Tool Industries
Recently, many enterprises have implemented the Toyota production system (TPS) in order to improve their production performance and competitiveness. However, some of those enterprises which implemented TPS couldn’t impro...
Privatization of Tunisian Companies: A Study of Corporate Governance Mechanisms
The purpose of this paper is to examine corporate governance mechanisms applied to a particular form of ownership structure: the privatization. Using, a series of statistical and econometric analysis, we show that privat...
Environmental Cost - An Environment Management Accounting Component
The present article intends to highlight the importance of the impact of the economic activities on the environment, and of its integration in the decisional and financial system of the national economic entities. During...