Accounting Ethics and Professionalism on Fraud Management: Nigerian Experience

This paper examined effects of Accounting Ethics and professionalism on fraud management in some selected Nigerian Deposit Money Banks. The relationship between ethical standards and fraud management were evaluated and the relationship between professional standards and fraud management were also critically examined. Data were analyzed using both descriptive such as tables, frequency distribution and percentages, and inferential statistical tool such as Multiple Regression Analysis (MRA). It can be deduced that variables such as Integrity (Int) and Honesty (Hon) indicated with 0.0028*, Behaviour (Be) with Honesty (Hon) 0.00325*, competence (Com) with Honesty (Hon) 0.003** and Behaviour (Be) indicated with 0.233*. Had significant effects on fraud management. Furthermore, the correlation coefficient between (EP/ICT), (ETSa) and Competence (Com) indicated with 0.0123* showed that accounting ethics and professionalism assist fraud management in NDMBs to some extent. Accepted because of the p – value (0.0000***) (3 asterisks) of alternative hypothesis which is less than 0.05 and rejected the null hypothesis. Likewise, correlation relationship between Educational qualification (Eq) Family background (Fb) Age (Ag) and Marital Status (Ms) with values 0.0542, 0.0451, 0.0641, professional qualification (Pq) with Fb, Ag, Ms and Eq with values 0.0347, 0.02110, 0.0112 and 0.0432 with p- values (0.0000) depicts level of intelligence that workers take advantage of to committing fraud. The amount of fraudulent crimes are much higher with employees or workers who had received good education which implies, the higher the level of education, the higher the numbers of fraud. Workers with intelligent quotient (IQ) always tamper, challenge and try to hack into the internal control structure and security system of the companies. Alternative hypothesis was accepted and rejected null hypothesis.