High profile corporate collapses and fraud with which accountants are said to have been
associated with has given rise to the questioning of the integrity of the professional accountants.
This systemic failure has brought into focus issues of long standing debate with respect to how to
curb this act and regain the confidence of the public in the professional accountants and the
professional accountancy bodies at large. The study examined the impact of code of ethics on the
conduct of professional accountants in Nigeria. Regression Analysis, Correlation Technique and Ttest
were employed in analyzing the data collected. The results revealed that the fundamental
principles of ethics have a significant impact on the positive conduct of professional accountants. It
further revealed that there is no difference in the various opinions of stakeholders with respect to the
impact of the code of ethics. It is therefore recommended that early stage teaching of ethics in all
schools and continuous improvements taking into consideration changes in time, based on the
current trend should be encouraged. There should also be a program in place to effectively monitor
the adherence level of accountant