Original Research Article | OPEN ACCESS
Ethical Accounting Practices and Financial Reporting Quality: Evidence from Listed Firms in Nigeria

S. Mubaraq , M. Abdulrasaq, M. Saidu,

1Department of Accounting and Finance, Kwara State University Malete..

For correspondence:-  S. Mubaraq   Email: mubaraq.sanni@kwasu.edu.ng

Received: 16 April, 2019        Accepted: 23 June, 2019        Published: 08 July 2019

Citation: Mubaraq S, Abdulrasaq M, Saidu M, Ethical Accounting Practices and Financial Reporting Quality: Evidence from Listed Firms in Nigeria. Account Tax Rev 2019; 3(2):97-110 doi:

© 2019 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..

Abstract

Incessant widespread of corporate financial scandals have been matters of concern among corporate stakeholders. This has been largely attributed to unethical Accounting practices across the globe in the last decade. This study examines the effect of ethical Accounting practices and financial reporting quality of listed manufacturing companies in Nigeria. Primary data were collected through self-administered questionnaires, the population of the study is two hundred and fifteen (215) practicing accountant of those listed manufacturing firms in Nigeria of which they have at least minimum of five (5) engagement partners in each firm from the totality of forty three (43) manufacturing companies, sample size is one hundred and forty (140), random sampling technique was employed and statistically analyzed using Multiple regression analysis Results of the study show that: integrity of accountants has positive significant relationship with financial reporting quality of the listed manufacturing firms in Nigeria; objectivity of accountants has positive significant relationship with financial reporting quality of the listed manufacturing firms in Nigeria; professional behaviour was statistically significant and positively related with financial reporting quality of the listed manufacturing firms in Nigeria.The study concluded that, ethical Accounting practices affect financial reporting quality of the listed manufacturing firms in Nigeria. The study therefore recommended that professional Accountants should design more strategy that would encourage their members to continue abide by the ethical standards; and that the professional value system must be devoid of familiarity threat addressed to ethical standards.

Keywords: Integrity, Objectivity, Confidentiality, Professional Behaviour,Financial Reporting Quality


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