ETHICAL CHALLENGES IN ACCOUNTING: A REVIEW OF CASE STUDIES FROM THE USA AND AFRICA

Authors

  • Odeyemi Olubusola Independent Researcher, Nashville, Tennessee, USA
  • Onyeka Henry Daraojimba Department of Information Management, Ahmadu Bello University, Zaria, Nigeria
  • Adeola Olusola Ajayi-Nifise Department of Business Administration, Skinner School of Business, Trevecca Nazarene University, USA
  • Titilola Falaiye Walden University, USA
  • Noluthando Zamanjomane Mhlongo City Power, Johannesburg, South Africa

DOI:

https://doi.org/10.51594/farj.v6i2.785

Abstract

The Review explores the intricate landscape of ethical challenges in accounting through a comprehensive review of case studies originating from both the United States and Africa. This analysis delves into the ethical dimensions of accounting practices, shedding light on common themes and divergences across these distinct regions. In the United States, the review scrutinizes case studies that exemplify ethical dilemmas encountered by accountants in a sophisticated regulatory environment. Issues such as earnings management, financial fraud, and conflicts of interest are explored within the context of intricate financial markets and stringent regulatory oversight. The examination of these cases provides insights into the complexities and ethical considerations faced by accounting professionals in the U.S. Turning to Africa, the Review investigates a diverse set of case studies that illuminate unique ethical challenges prevailing in the region. The African context introduces cultural, economic, and institutional factors that contribute to the intricacies of ethical decision-making in accounting. Issues such as corruption, inadequate regulatory frameworks, and the impact of socio-economic factors on financial reporting are dissected to uncover the nuances of ethical challenges faced by accountants in diverse African settings. Throughout the Review, common threads and distinctive ethical dilemmas emerge, highlighting the global relevance of ethical considerations in accounting practices. The review underscores the importance of context-specific understanding, acknowledging that ethical challenges are shaped by the interplay of cultural, economic, and institutional factors. The Review encourages a nuanced examination of ethical issues, emphasizing the need for a holistic approach that considers regional peculiarities while promoting universally applicable ethical standards in the field of accounting. As the global economy becomes increasingly interconnected, recognizing and addressing ethical challenges in accounting across diverse landscapes is crucial for fostering integrity, transparency, and accountability in financial reporting practices.

Keywords:  Ethical, Challenges, Accounting, Finance.

Published

2024-02-14

Issue

Section

Articles