Perception of chartered accountants on the adequacy of professional training for accounting ethics practice
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Department of Science Education, School of Science Education, Federal University of Technology, Minna
This research was conceived to study the extent to which the professional training received by chartered accountants prepares them for the requirements of professional ethics in practice despite the dichotomy between the training received by chartered accountants and the examining body for their professional examination. One research question with a corresponding null hypothesis guided the study. The study adopted a descriptive survey research design. The population of the study comprises all Chartered Accountants of the Institute of Chartered Accountants of Nigeria (ICAN) that are qualified within the last five years. The respondents were drawn from various firms and business organizations in Lagos State. A purposive sampling technique was used to select 106 respondents that met the study criteria. A validated instrument served as the instrument for data collection and was a self-developed 29-item four-point scale Questionnaire. Both descriptive and inferential statistics were used for data analyses. The data were analysed with Frequency Counts, Percentages and Mean to answer the research question while the stated hypothesis was statistically tested at a 5% level of significance with Chi-square and Regression Analysis. Findings from the study showed, among others, that the professional training received by prospective chartered accountants leads to an enhancement in chartered accountants’ compliance with accounting ethics. Based on the findings, it was recommended that for sustained improvement of chartered accountants’ observance of accounting ethics, the professional training received by them should be constantly improved upon, and the facilitators are encouraged to be highly conversant with the accounting ethics as stated by the International Ethics Standards Board for Accountants.
Oyeyemi Aitokhuehi (2020). Perception of chartered accountants on the adequacy of professional training for accounting ethics practice. African Journal of Adult Education and Development Studies, 16 (2).