What is oil subsidy India?
Price of non-subsidised domestic cooking gas has been increased in the backdrop of the finance ministry slashing allocation for petroleum subsidy by two-thirds to ₹12,995 crore for FY22. 2021-22 for LPG & Natural Gas (NG) subsidy is Rs. 12,995 crores,” the statement said.
Are accountants often carried along in corruption cases in Nigeria?
(University Accountant) The above quotation shows that accountants are often carried along in corruption cases in Nigeria. The involvement of the accounting firms in the oil subsidy corruption becomes comprehensible because they had to be carried along for the smooth perpetration of the corruption.
How involved were accounting firms in the oil subsidy corruption?
The involvement of the accounting firms in the oil subsidy corruption becomes comprehensible because they had to be carried along for the smooth perpetration of the corruption. The involvement of organisational field level stakeholders in the oil subsidy corruption scandal, as revealed by the House Committee report, is summarised in Table 2.
How do accounting firms institutionalise corruption at the organisational level?
Their joint understanding (collusion) to engage in corruption was the main isomorphic pressure that institutionalised corruption at the organisational field level. The two accounting firms thus played a major role in making corruption thrive, as stakeholders depended on their certification for release of the oil subsidy payments.
Why are accountants needed in Nigeria?
The Nigerian environment is enmeshed in endemic corruption, and accountants are most needed in this kind of environment to guard against the vicious cycle of corruption.