AN ASSESSMENT OF THE CHALLENGES OF AUDIT QUALITY AND ASSURANCE IN PUBLIC ACCOUNTING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
AN ASSESSMENT OF THE CHALLENGES OF AUDIT QUALITY AND ASSURANCE IN PUBLIC ACCOUNTING
ABSTRACT
This study aims to assess the challenges of audit quality and assurance in public accounting, focusing on auditor independence, audit methodology, and regulatory compliance. A survey design was utilized to collect data from auditors and public accountants, providing a detailed understanding of the factors affecting audit quality. Using Taro Yamane’s formula, a sample size of 362 was determined from a population of 7,200 auditors in Kano, ensuring statistical precision. Kano was chosen for its diverse economic activities and significant auditing engagements. The study achieved a reliability coefficient score of 0.86, indicating the reliability of the survey instrument. Findings reveal that auditor independence and consistent application of audit methodologies are major challenges affecting audit quality, alongside evolving regulatory requirements. The study recommends enhancing auditor training programs and developing standardized audit methodologies to address these challenges and improve overall audit quality.
