Investigating The Role Of Ethics In Financial Reporting On Money Deposit Banks

The study investigated the role of ethics in financial reporting on Money Deposit Banks In Lagos. The study aimed to determine whether objectivity as an accounting ethical principle influences the quality of financial reporting in money deposit banks in Lagos; determine whether integrity as an accounting ethical principle influences the quality of financial reporting in money deposit banks in Lagos; and determine whether professional independence as an accounting ethical principle influences the quality of financial reporting in money deposit banks in Lagos.. This study adopted the descriptive research design. 60 questionnaires were shared to 3 different deposit money banks in Nigeria to get response from their employees which include accountants, economist, etc. Other relevant materials were gathered from other secondary sources. A model was adopted in this study and estimated through Multiple regression Analysis (OLS). The Multiple Regression Analysis was used to indicate the relationship between Financial reporting, Objectivity, Integrity and Professional Independence as it relates to Nigeria deposit money banks. The data gathered were then subjected to various econometric tests using EVIEWS Version 7.1. The findings from the coefficient of Regression Analysis Model from the previous chapter shows that all explanatory variables such as Accountants‟ Objectivity, Integrity and Professional Independence were positive and significant. However, the level of significance differs. Objectivity has the highest level of significance, followed by Integrity and Professional Independence. Hence, the model was a true picture of the Nigerian deposit money banks. The findings revealed Objectivity, Integrity and Professional Independence has a significant impact on the quality financial reporting in selected deposit money banks in Nigeria The study recommends that firms should endeavor to improve upon their recruitment process in order to recruit men and women with high level of ethical standing would be employed. Men with adequate knowledge of financial statement should be employed at all levels of accounting areas

The general objective of this work is to investigate the role of ethics in financial reporting on Money Deposit Banks In Lagos. However, the specific objectives are stated as follows:

1. Determine whether objectivity as an accounting ethical principle influences the quality of financial reporting in money deposit banks in Lagos.
2. Determine whether integrity as an accounting ethical principle influences the quality of financial reporting in money deposit banks in Lagos.
3. Determine whether professional independence as an accounting ethical principle influences the quality of financial reporting in money deposit banks in Lagos.

The study will be guided by the following questions;

1. Does objectivity as an accounting ethical principle influence the quality of financial reporting in money deposit banks in Lagos?
2. Does integrity as an accounting ethical principle influence the quality of financial reporting in money deposit banks in Lagos?
3. Does professional independence as an accounting ethical principle influences the quality of financial reporting in money deposit banks in Lagos?

Abstract

Chapter One: Introduction
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objective of the Study
1.4 Research Questions
1.5 Research Hypothesis
1.6 Significance of the Study
1.7 Scope of the Study
1.8 Limitation of the Study
1.9 Definition of Terms
1.10 Organization of the Study

Chapter Two: Review of Literature
2.1 Conceptual Framework
2.2 Theoretical Framework
2.3 Empirical Review

Chapter Three: Research Methodology
3.1 Introduction
3.2 Research Design
3.3 Population of the Study
3.3 Sampling Technique and Sample Size
3.4 Instrument for Data Collection
3.5 Validity and Reliability of the Instrument
3.6 Method of Data Analysis
3.7 Model Specification

Chapter Four: Results And Discussion
4.0 Introduction
4.1.1 Summary Statistics Of Variables
4.1.2 Presentation Of Demographics
4.2 Descriptive Analysis
4.3 Multiple Regression
4.5 Discussion Of Findings

Chapter Five: Summary, Conclusion and Recommendation
5.1 Summary
5.2 Conclusion
5.3 Recommendation
References
Appendix

• Banking and Finance Project Topics and Materials