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| Fostering Diversity and Inclusivity in the Accounting Profession: An Empirical Review
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Ibikunle Jide Ph.D and Ahmed Abubakar Zik-Rullahi, Ph.D
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Abstract:
The accounting profession, traditionally characterized by its adherence to standards and principles, is undergoing a transformative shift towards embracing diversity and inclusivity. This research explores the imperative of cultivating a diverse and inclusive environment within accounting firms and organizations. Drawing on empirical research and case studies, the study underscores the positive impact of diversity on organizational performance, innovation, and client relations. Furthermore, it examines the role of inclusive leadership in creating a workplace culture that values and leverages differences. In addition to the ethical considerations, the study highlights the business case for diversity in the accounting profession, emphasizing how a diverse workforce contributes to improved decision-making and financial outcomes. Practical strategies for recruitment, mentorship, and retention of diverse talent are also discussed. By fostering diversity and inclusivity, the accounting profession not only aligns itself with contemporary societal values but also ensures its resilience and relevance in an ever-evolving global landscape. This study serves as a comprehensive guide for accounting professionals, educators, and policymakers aiming to promote diversity and inclusivity as integral components of the profession's success.
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