Effect of Accounting Ethics on the Quality Of Financial Reports of Nigerian Firms (A Case Study of Selected Brewery Companies)
Keywords:
Ethics, Accounting Ethics, Financial Reports, Objectivity, Integrity, Professional IndependenceAbstract
The study examines the relationship between accounting ethics and the quality of financial reports in the Nigerian brewery industry. The study explicitly assesses the impact of accounting ethical principles of disclosure, objectivity and integrity on the quality of financial reports of selected firms in the Nigerian brewery industry. Primary data was used in the study. The data were obtained from structured questionnaires administered to 120 accounting practitioners in six selected brewery firms in Nigeria. Analysis of data was done using descriptive statistics and linear regression analysis. The results showed that accounting ethical principles of disclosure (β=0.887; R2=0.936; p<0.05); objectivity (β=0.896; R2= 0.952; p<0.05) integrity (β=0.768; R2=0.917; p<0.05); professional independence β=0.730; R2=0.895; p<0.05) and competence (β=0.868; R2=0.934; p<0.05) significantly influence the quality of financial reports of selected organizations. The study suggests amongst others that, accountants should adhere to ethical principles while carrying out their responsibilities to generate quality, authentic, reliable and dependable financial reports.