The role of accounting and accountants in the oil subsidy corruption scandal in Nigeria

No Thumbnail Available

Date

2019

Journal Title

Journal ISSN

Volume Title

Publisher

Elsevier

Abstract

Accounting firms have long been profit-orientated ventures, and their pursuit of profits has overshadowed the protection of the public interest they avow. This study investigates how corruption, as an institutionalised practice in Nigeria, has led two accounting firms to support and engage in corruption rather than guard against it in an oil subsidy corruption scandal in Nigeria. Adopting Dillard, Rigsby, and Goodman’s (2004) model of institutional theory, the study argues that the institutionalisation of corruption, through its pervasiveness at the social, economic and political level, is a premise for its institutionalisation at the organisational field level (the oil subsidy scheme).

Description

Keywords

Corruption Institutionalised practices Accountants Accounting firms Nigeria Oil subsidy

Citation

Collections