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ABSTRACT
This study investigates creative accounting and corporate failure. The population of the study consist of employees of top accounting and auditing firms in Nigeria with a sample size of 200. Data was collected using structured questionnaires and was analyzed using descriptive statistics, Pearson correlation and Ordinary Least Square regression to determine the significance and strength of the correlations. The finds significant positive relationships between creative accounting and the following factors: corporate failure, financial distress, bankruptcy and, corporate reputational damage.
The study recommends that emphasis should be laid on transparent and ethical accounting practices, financial reporting quality accuracy and disclosure should be enhanced, internal control and risk management system should be improved on, and provide the clients with more proper training so as to help them understand the and implement ethical accounting principles and best practices.
