ACCOUNTING ETHICS AND FINANCIAL REPORTING

ABSTRACTS

Accounting ethics is a cornerstone of the accounting profession, playing a pivotal role in the financial reporting process. This research delves into the relationship between accounting ethics and financial reporting in Nigerian firms, with a focus on integrity, objectivity, professional behavior, confidentiality, and professional competence as the key ethical standards. Through a survey research design, data was collected from a sample of employees in 10 manufacturing firms in Benin City, Edo State. The findings revealed that each of these ethical values significantly impacts financial reporting quality. The study underscores the importance of maintaining ethical standards to ensure the accuracy, reliability, and credibility of financial reports. To enhance ethical values in financial reporting, recommendations include establishing mechanisms for reporting unethical behavior, forming ethics oversight committees, conducting ethics audits, promoting continuous professional development, and enhancing transparency in financial reporting practices. Implementing these recommendations can contribute to improved financial outcomes and long-term success in Nigeria's dynamic business environment.