 Corruption and the environment of accounting and auditing in AfricaAkintola Owolabi International Journal of Critical Accounting, 2011, vol. 3, issue 2/3, 220-234 Abstract: This paper empirically investigates the relationship between the level of corruption in 13 Anglophone African countries and their environment of accounting and auditing. Ten significant variables used by the World Bank in its Report on the Observance of Standards and Codes: accounting and auditing in African countries between 2001 and 2007 were developed into a composite accounting/auditing environment variable (ROSC), measured for each country and ranked. Corruption Perception Index (CPI) for the same period was obtained (Transparency International) for each country and ranked. The empirical result using Spearman's rank correlation indicates the existence of a positive relationship between accounting/auditing environment and corruption (correlation coefficient rs of 0.32), but the strength of the relationship is weak (at 0.05 level of significance). The quality of accounting and auditing as represented by their environment is a stimulus that could mitigate the impact of corruption. Institutions should be strengthened to achieve this. Keywords: corruption; accounting standards; auditing standards; financial reporting; social accounting; Africa. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcrac:v:3:y:2011:i:2/3:p:220-234 Access Statistics for this article More articles in International Journal of Critical Accounting from Inderscience Enterprises Ltd |
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