THE ROLE OF PROFESSIONAL ACCOUNTANTS  IN SUSTAINABLE ECONOMIC GROWTH  IN AN UNSECURED AND CORRUPT ENVIRONMENT:  LAGOS STATE IN PERSPECTIVE

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THE ROLE OF PROFESSIONAL ACCOUNTANTS  IN SUSTAINABLE ECONOMIC GROWTH  IN AN UNSECURED AND CORRUPT ENVIRONMENT:  LAGOS STATE IN PERSPECTIVE

THE ROLE OF PROFESSIONAL ACCOUNTANTS  IN SUSTAINABLE ECONOMIC GROWTH  IN AN UNSECURED AND CORRUPT ENVIRONMENT:  LAGOS STATE IN PERSPECTIVE  by Prof. Benjamin Chuka Osisioma

 

Sustainable economic growth involves the simultaneous pursuit of economic prosperity, environmental quality and social equity in a manner that satisfies the needs of the present without compromising the ability of future generations to meet their own needs. This is commonly called triple bottom line or the Triple P - People, Profit and Planet. This process is clearly undermined by the prevalence of a corrupt environment. Nigeria’s Lagos State is currently redefining the standard in good budgeting, enhanced transparency and accountability, and a serious contention with the challenges of governance. In this setting, the role of the professional accountant, is to bring to bear on the polity, his professional skills and competencies in the area of budgetary control, forensic audit, performance indices and accountability measures.