CORPORATE GOVERNANCE REFORMS AND THEIR IMPACT ON PUBLIC ACCOUNTING STANDARDS
ABSTRACT
This research investigates the impact of corporate governance reforms on public accounting standards, with a focus on accountability, transparency, and financial integrity. A survey design was adopted to gather data from corporate accountants and auditors, leveraging their perspectives on the changes brought about by governance reforms. Using Taro Yamane's formula, the sample size was calculated to be 375 from a population of 8,500 accountants in Abuja, ensuring accurate representation. Abuja was chosen for its significant corporate activities and regulatory environment. The reliability coefficient score of the survey instrument was 0.89, indicating high reliability. Findings indicate that corporate governance reforms have positively influenced public accounting standards by enhancing accountability and transparency, though implementation challenges remain. The study recommends further strengthening of regulatory frameworks and continuous professional training to address these challenges and ensure adherence to enhanced standards.
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