International Journal of Commerce and Management Research

Authors
AO Enofe, OA Utomwen, EJ Danjuma

Abstract
The broad objective of the study is to examine the impact of ethics on accounting practice in Nigeria. The survey research design was used for the study with an extensive reliance on primary data. The populations of the study consist of accountants, auditors and management of selected companies. A sample of 147 respondents was utilized. The likert scale questionnaire was used as the research instrument and chi-square parametric was utilized as the data analysis method. The findings indicate that firstly, ethics play a significant role in accounting practice. Secondly corporate governance improves ethical compliance of accounting professionals and thirdly, accounting regulatory bodies influences the level of compliance with ethical standards. The recommendation is that there is a need for ethical standards in accounting practice to extend beyond mere documentation and articulation to effective enforcement of these standards and the concerted efforts by all stakeholders ranging from the accounting professionals, top management of companies, regulatory bodies, government and indeed all users of accounting services is essential in ensuring the sustenance of the campaign for ethicality in accounting practice.