IMPACT OF ACCOUNTING PRACTICES ON NIGERIA ECONOMY (A CASE STUDY OF INSTITUTE OF CHARTERED ACCOUNTANT OF NIGERIA (ICAN))
Abstract
ABSTRACT
The essence of this project is to examine the impact of accounting practices in Nigeria economy using Institute of Chartered Accountant of Nigeria (ICAN) as a case study. This accounting practice is very vital and indispensable in our nation building. This study however concentrates its study on the accounting system of Institute of Chartered Accountant of Nigeria, illustrating its relevance, roles and sources of accounting practice. In carrying out this research, a descriptive design method was used. The method used in obtaining the data was primary and secondary data. Chi-square was used to test the formulated hypotheses. This study recommended that; accounting bodies should ensure that there is enough publication to enhance public perception of the function to be discharge by the professionals in accounting field. The contributions of the professional accounting bodies to the development of Nigeria economy needs to be further enhanced and improved by enlighten members of the accountancy profession.
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