The Ethics of Creative Accounting in Financial Reporting - The Challenges of Regulatory Agencies in Nigeria

The Certified National Accountant, Vol. 16, No. 1, January-March 2008

12 Pages Posted: 25 Mar 2011

See all articles by Emmanuel Ikechukwu Okoye

Emmanuel Ikechukwu Okoye

Nnamdi Azikiwe University - Department of Accountancy

Date Written: March 21, 2011

Abstract

This paper explores the nature and incidence of creative accounting practices in corporate financial reporting within the context of ethical considerations and the challenges faced by the Regulatory Authorities in Nigeria. Given corporate failures and frauds among Nigeria firms. The paper explores conceptual issues in creative accounting and the reasons that drive company directors to engage in creative accounting. Furthermore, the paper considers the various ways in which creative accounting can be undertaken and summarizes some empirical research on the nature and incidence of creative accounting. The ethical dimension of creative accounting is discussed, drawing evidence from several empirical studies.

Keywords: creative accounting, financial reporting

Suggested Citation

Okoye, Emmanuel Ikechukwu, The Ethics of Creative Accounting in Financial Reporting - The Challenges of Regulatory Agencies in Nigeria (March 21, 2011). The Certified National Accountant, Vol. 16, No. 1, January-March 2008, Available at SSRN: https://ssrn.com/abstract=1791422

Emmanuel Ikechukwu Okoye (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria

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