The major function of accounting bodies in Nigeria is to?
Answer Details
The major function of accounting bodies in Nigeria is to promote the ethics of the profession.
In Nigeria, there are several accounting bodies, including the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of National Accountants of Nigeria (ANAN). The primary function of these bodies is to promote and maintain the highest professional standards in the accounting profession.
One of the ways in which these accounting bodies promote the ethics of the profession is by establishing a code of conduct that governs the behavior of their members. This code of conduct outlines the ethical principles and professional standards that all members of the accounting profession in Nigeria are expected to uphold.
The accounting bodies also provide training and education to their members to help them stay up-to-date with the latest developments in the profession and to ensure that they are equipped with the necessary skills and knowledge to provide high-quality accounting services.
Therefore, to summarize, the major function of accounting bodies in Nigeria is to promote the ethics of the profession, which they do by establishing a code of conduct, providing training and education to their members, and maintaining the highest professional standards in the accounting profession.