THE ROLES OF ACCOUNTING FIRMS IN MONEY LAUNDERING IN NIGERIA (CASE STUDY OF ACCOUNTING FIRMS IN NIGERIA)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
Most accounting firms in their pursuit for higher financial rewards, promotions and status, practices such as corruption and money laundering, seem to be crafted and sanctioned by highly paid executives at senior levels in organisational structures. In an environment of poor regulation, enforcement, secrecy and lack of ethical constraints, the occasional investigation by regulators and financial penalties do not seem to deter some company executives, or dull the systemic pressures for higher profits and returns. Some of the practices may not be criminal, but they have negative effects on the welfare of citizens and condemn millions of people to poverty and poor health.
Findings has also revealed that, the relationship between money laundering and the professions (particularly accountancy) in developing countries like Nigeria can be situated in a contradictory role of capital accumulation ambition for the ruling elite and the professional groups (such as accountants) and defence of capitalism for the developed capitalist countries, whereas money laundering has become one of the most notorious sources of concern in the world’s financial systems and markets, through which huge volumes of money are illegally moved about, between nations and economies, causing very disturbing distortions in the monetary management and economics.
Related Project Materials
THE IMPACT OF EMPLOYEE ENGAGEMENT PROGRAMS ON MOTIVATION
Abstract: THE IMPACT OF EMPLOYEE ENGAGEMENT PROGRAMS ON MOTIVATION
Objective: This s...
EXAMINING THE ATTITUDE OF TERTIARY STUDENTS IN ABIA STATE TOWARDS INSTAGRAM SELFIES
EXCERPT FROM THE STUDY
A new genre of self- expression “Selfies” - amateur self-photographs, often shared wi...
LANGUAGE, IDEOLOGY AND POWER IN NEWSPAPER REPRESENTATION OF ETHNIC INTEREST GROUPS IN NIGERIA
. Background to the Study
The landmark event of January 1, 1914, wherein Lord Frederick Lugard amalgamated what was then the Northern and...
AN ASSESSMENT OF THE IMPACT OF MOTIVATION ON EMPLOYEES PRODUCTIVITY IN HOSPITALITY INDUSTRY
ABSTRACT
The ultimate quality of service provided will depend on the collective ability of staff, train...
ONLINE CAMPUS TAXI BOOKING SYSTEM
ABSTRACT
When the transportation system of any educational institution is effective, it positively contributes to effect...
MARITAL STATUS AND OCCUPATION PERFORMANCE OF FEMALE SECRETARIES
ABSTRACT:- The major purpose of this study was to determine the marital status and occupation performance of fema...
AN ASSESSMENT OF PERFORMANCE MEASUREMENT FRAMEWORKS AND THEIR EFFECTIVENESS IN PROMOTING EMPLOYEE MOTIVATION AND PRODUCTIVITY
Abstract:
This study examines the effectiveness of performance measurement frameworks in Lagos State, N...
THE INFLUENCE OF UNEMPLOYMENT ON YOUTHS INVOLVEMENT IN KIDNAPPING IN NIGERIA
ABSTRACT
This study was carried out to examine the influence of unemployment on youths involvement...
The Impact of Nutrition and Healthy Eating Habits on Early Childhood Learning Outcomes
Abstract: This research examines the impact of nutrition and healthy eating habits on early childhood learning outcomes, focusing...
EXPERIMENTAL INVESTIGATION OF THE FLEXURAL AND SHEAR CAPACITIES OF REINFORCED CONCRETE BEAMS ENHANCED WITH CARBON FIBRE REINFORCED POLYMER (CFRP) LAMINATES
ABSTRACT
In this research, experimental research was carried out to assess the flexural and shear capacities of RC beams strengthened wit...
