THE ROLE OF ACCOUNTING ETHICS IN ENHANCING FINANCIAL REPORTING QUALITY IN THE NIGERIA PUBLIC SECTOR
Author(s): Animpuye Canice, Otuagoma Florence Onororakpoene, Ukpe Essien Amos
Institute(s): Deparment of Accounting Faculty of Management Sciences Akwa Ibom State University
Volume 4 / Issue 1
Abstract
Anchored on Hendriksen’s (1985) Accounting Theory, this study examines the influence of ethical principles on the accuracy and transparency of financial reporting in the Nigerian public sector. The study adopts a case study research design and utilizes both qualitative and quantitative approaches. Data were collected from the accounting departments of five selected public sector ministries using structured questionnaires administered to 120 respondents. The findings reveal that ethical dimensions—namely competence (β = 0.456; p < 0.05), objectivity (β = 0.253; p < 0.05), and integrity (β = 0.244; p < 0.05)—have positive and statistically significant effects on the quality of financial reporting. Based on these findings, the study recommends that public sector management should professionalize their accounting functions by emphasizing merit-based recruitment and providing continuous onthe-job training. Additionally, sustained professional development should be encouraged through internal capacity-building initiatives and sponsorship of accounting staff for relevant seminars, workshops, and educational programs.
Number of Pages: 13
Number of Words: 5192
First Page: 76
Last Page: 87