Abstract: THE IMPACT OF REGULATORY CHANGES ON FUND ACCOUNTING PRACTICES
The objectives of this study are to: (1) examine the effects of recent regulatory changes on fund accounting practices; (2) assess the adaptability of fund accountants to evolving regulatory environments; and (3) evaluate the impact of regulatory changes on operational efficiency and compliance costs. A survey research design was utilized to collect quantitative data from industry professionals. Based on Taro Yamane's formula, a sample size of 320 fund accountants and compliance officers from Abuja, Nigeria, was selected for statistical significance. The study includes a case study of a leading mutual fund in Abuja to provide contextual insights. A reliability coefficient score of 0.89 was achieved, indicating high reliability of the survey tool. Findings reveal that regulatory changes often lead to increased compliance costs and operational complexities but also drive improvements in transparency and risk management. Recommendations include enhancing the regulatory framework to be more adaptable and supportive of innovation, providing continuous training for fund accountants on regulatory changes, and leveraging technology to streamline compliance processes and reduce costs.
RESUME
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