THE ROLE OF PUBLIC ACCOUNTANTS IN REGULATORY COMPLIANCE
- Project Research
- 1-5 Chapters
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- Recommended for : Student Researchers
- NGN 3000
THE ROLE OF PUBLIC ACCOUNTANTS IN REGULATORY COMPLIANCE
The objectives of this research are to: 1) Investigate the role of public accountants in ensuring regulatory compliance, 2) Assess the effectiveness of public accountants in navigating complex regulatory environments, and 3) Identify the skills and competencies required for effective regulatory compliance. A survey design is chosen for its ability to collect extensive quantitative data from a wide range of public accounting professionals. The sample size is calculated to be 350, using Taro Yamane’s formula, ensuring statistical significance with a 95% confidence level and a 5% margin of error. Abuja is selected as the case study due to its regulatory significance and concentration of government agencies. The reliability coefficient score of the survey is 0.89, indicating high consistency. Findings indicate that public accountants play a critical role in ensuring regulatory compliance, significantly reducing the risk of legal and financial penalties. Key skills identified include thorough knowledge of regulatory frameworks, attention to detail, and strong analytical capabilities. The study recommends continuous professional development and regulatory training for accountants to enhance their effectiveness in ensuring compliance.
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