This study examined the role of accountants in enhancing financial transparency and accountability, focusing on their contribution to sustainable economic development. Using a mixed-method approach involving surveys with accountants and financial experts in Nigeria, along with secondary data analysis, the study explored how accountants promote transparency through compliance with international financial reporting standards (IFRS), ethical codes, and auditing practices. The findings reveal that 70% of respondents believe IFRS compliance significantly boosts investor confidence, while 65% highlight the role of ethical practices in reducing corruption. Technological innovations such as blockchain and AI were identified by 60% of participants as critical tools for improving real-time auditing and financial accountability. Challenges include resistance to adopting global standards in certain regions (35%), gaps in accounting education (40%), and ethical pressures to manipulate financial reports (30%). However, opportunities such as increased globalization, corporate governance reforms, and advances in technology offer potential for strengthening transparency in emerging markets. The study concludes with recommendations for policymakers, businesses, and accounting professionals to enhance the role of accountants in sustainable development, focusing on improved education, governance, and technological integration.
Ugwuanyi et al. (Wed,) studied this question.
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