A CONCEPTUAL REVIEW OF ACCOUNTING THOUGHT ON WHISTLE BLOWING AND ETHICAL COMPLIANCE IN NIGERIA
Maduka, Ifeoma Kate Nonyelum , Agbi, Samuel Eniola (PhD) and Zaharadeen Khamis
Volume 2 Issue 2
Abstract
Whistle blowing has generated a lot of attention in recent times in Nigeria as a result of creative accounting practices and corruption within organization both private and public sector. Nevertheless, Accountants, Auditors, Employers and employees are always in confusion of ethical dilemma on whether to blow whistle or not. The aim of this study therefore examined the conceptual review of Accounting Thought on Whistle Blowing and Ethical Compliance in Nigeria. The study adopted a conceptual literature review methodology approach. The findings of the study revealed the concern for both professional Accountants and Auditors to maintain probity, honesty, integrity, independence and objectivity in the discharge of their professional responsibilities. The study concluded that whistle blowing should not be used on trivial issues or mistakes that have not caused harm or damage to the public. The study amongst others recommended that professional accountants should lay emphasis on compliance to ethical codes of conduct as stated by IFAC, ICAN, CITN and ANAN in Nigeria. Keywords: Creative Accounting, Ethics, Ethical Compliance, Profession, Whistle-blowing
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