Upholding Ethical & Professional Standards in a Compromising Environment

Upholding Ethical & Professional Standards in a Compromising Environment
Being a Paper Presented at Ikeja & District Society of Institute of Chartered Accountants of Nigeria (ICAN) held at IDSICAN House, Ikeja on Saturday 18th May 2024.

1. Upholding Ethical & Professional Standards in a Compromising Environment Being a Paper Presented at Ikeja & District Society of Institute of Chartered Accountants of Nigeria (ICAN) held at IDSICAN House, Ikeja on Saturday 18th May 2024. Prof. Godwin Emmanuel Oyedokun Professor of Accounting and Financial Development Department of Management & Accounting Faculty of Management and Social Sciences Lead City University, Ibadan, Nigeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Accountants, Tax Practitioners & Forensic Auditors)

2. ND (Fin), HND (Acct.), BSc. (Acct. Ed), BSc (Fin.), LLB., LLM, MBA (Acct. & Fin.), MSc. (Acct.), MSc. (Bus & Econs ), MSc. (Fin), MSc. ( Econs ), Ph.D. (Acct), Ph.D. (Fin), Ph.D. (FA), CICA, CFA, CFE, CIPFA, CPFA, CertIFR , ACS, ACIS, ACIArb , ACAMS, ABR, IPA, IFA, MNIM, FCA, FCTI, FCIB, FCNA, FCFIP, FCE, FERP, FFAR, FPD-CR, FSEAN, FNIOAIM, FCCrFA , FCCFI, FICA, FCECFI, JP Prof. Godwin Emmanuel Oyedokun Professor of Accounting and Financial Development Department of Management & Accounting Faculty of Management and Social Sciences Lead City University, Ibadan, Nigeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Accountants, Tax Practitioners & Forensic Auditors)

3. Upholding Ethical & Professional Standards in a Compromising Environment

4. Contents

5. Introduction

6. Overview of Ethical Standard

7. Overview of Ethical Standard

8. Ethics of Accounting

9. ICAN Professional Code of Conduct

10. Fundamental Principles for ICAN Members

11. Importance of Ethical Standards

12. Importance of Ethical Standards /2

13. Overview of Professional Standards

14. Overview of Professional Standards /2

15. The Accounting Standards

16. Facts About FRC

17. Some Accounting Standard-Setting Bodies around the World

18. Benefits of Accounting Standards

19. Benefits of Accounting Standards /2

20. Limitations of Accounting Standards

21. Overview of a Compromising Environment

22. Characteristics of a Compromising Environment

23. Ethical and Professional Standards

24. Ethical and Professional Standards /2

25. Professional Ethics

26. Strategies for Upholding Ethical and Professional Standards

27. Strategies for Upholding Ethical and Professional Standards /2

28. Challenges of Upholding Ethics and Standards

29. Challenges of Upholding Ethics and Standards /2

30. Consequences of Ethical and Professional Lapses

31. Consequences of Ethical and Professional Lapses /2

32. Building a Strong Ethical and Professional Culture

33. Building a Strong Ethical and Professional Culture /2

34. Conclusion

35. Recommendations

36. Prof. Godwin Emmanuel Oyedokun Professor of Accounting & Financial Development Lead City University, Ibadan, Nigeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Accountants, Tax Practitioners & Forensic Auditors) [email protected]; [email protected] [phone] & 2348055863944