International records / OpenAlex research

Accounting and the State of the Nigerian Economy: Issues of the Moment

This paper examines the intricate relationship between accounting practices and the current state of the Nigerian economy, highlighting key issues of national concern. As Nigeria grapples with economic instability, rising inflation, currency depreciation, debt overhang, and governance challenges, the role of accounting becomes increasingly critical in promoting transparency, fiscal discipline, and investor confidence. The study explores how weak financial reporting systems, income smoothing, and limited adherence to international accounting standards contribute to economic mismanagement and pu…