AN ASSESSMENT OF AUDITORS' PERCEPTION OF ETHICAL CONSIDERATIONS DURING ENGAGEMENTS
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- NGN 5000
AN ASSESSMENT OF AUDITORS' PERCEPTION OF ETHICAL CONSIDERATIONS DURING ENGAGEMENTS
This study aims to (1) evaluate auditors' awareness of ethical standards, (2) assess the impact of ethical considerations on audit quality, and (3) explore the challenges auditors face in maintaining ethical standards during engagements. A survey research design was chosen due to its effectiveness in gathering perceptions from a large group of professionals, providing a broad understanding of current practices and beliefs. Using Taro Yamane's formula, a sample size of 150 auditors was determined from an estimated population of 250 auditors in Lagos, ensuring a 95% confidence level and a 5% margin of error. The case study focuses on a prominent Lagos-based auditing firm, ensuring relevance and specificity. The reliability coefficient score of the survey instrument was 0.87, indicating high reliability. Findings revealed that while most auditors are aware of ethical standards, practical application during engagements is inconsistent due to pressure from clients and tight deadlines. The study recommends continuous professional development and stricter enforcement of ethical guidelines to enhance audit quality.
