ABSTRACT
This research explores THE ROLE OF INTERNATIONAL ACCOUNTING FOR FOREIGN EXCHANGE RISK MANAGEMENT, focusing on enhancing financial stability, compliance with global standards, and effective risk mitigation. A survey design was adopted to gather data from a large sample of professionals. The sample size, determined using Taro Yamane's formula, was 420 accountants from Lagos, ensuring a comprehensive dataset. Lagos was chosen for its active foreign exchange markets and international business presence. The reliability coefficient score of the survey tool was 0.88. Findings indicate that effective foreign exchange risk management through international accounting practices is crucial for financial stability and compliance, though challenges exist in harmonizing diverse regulatory requirements. The study recommends enhancing global regulatory frameworks and providing specialized training for accountants in foreign exchange risk management.
Chapter One: Introduction
1.1 Background of the Study
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