THE IMPERATIVE OF ACCOUNTING ETHICS IN THE ADOPTION OF FRAUD PREVENTIVE MEASURES IN NIGERIA

This study examined the imperative of accounting ethics in adopting fraud preventive measures in Nigeria. To achieve this objective, the survey research design was adopted while primary data was sourced through structured questionnaire. Data collected were analyzed using Descriptive statistical tools (tables, frequency distribution and percentages) and Spearman’s Nonparametric Correlation. It was discovered that the effectiveness of other fraud preventive measures depends to a large extent on the level of ethical compliance by accountants. Findings also revealed that compliance with ethical codes is an effective way to prevent fraud. Hence, strict enforcement by relevant professional bodies will increase the compliance level, thereby reducing the incidences of fraud in Nigeria. It was concluded that accounting ethics plays significant role in the adoption of fraud preventive measures in Nigeria. Therefore, it is recommended that organizations should adopt measures that will encourage accountants to discharge their responsibilities in accordance with the requirements of the ethical code without undue influence or pressure from management. Furthermore, accounting bodies should put in place strict monitoring and disciplinary measures that will ensure compliance with ethical principles. This will restore the confidence and reputation of the accounting profession as trustees and watchdogs of the society.