COMPLIANCE AUDITS AND RISK ASSESSMENTS IN FIDUCIARY ACCOUNTING
Abstract: Compliance audits and risk assessments are fundamental components of fiduciary accounting, ensuring adherence to legal standards and mitigating financial risks. This research aims to (1) explore the impact of compliance audits on the overall risk profile of organizations, (2) evaluate the methodologies used by fiduciary accountants in conducting risk assessments, and (3) determine the effectiveness of compliance audits in preventing financial irregularities. A survey research design was employed, appropriate for collecting detailed feedback from a broad range of fiduciary accountants about their practices and experiences. The sample size, calculated using Taro Yamane’s formula, includes 250 fiduciary accountants, ensuring a 95% confidence level and a 5% margin of error. The case study focuses on a prominent financial institution in Abuja, known for its stringent compliance and risk management practices. The reliability coefficient score for the survey was 0.90, suggesting excellent reliability. Findings indicate that regular compliance audits significantly reduce the incidence of financial misconduct and enhance risk management frameworks. The study recommends that financial institutions integrate advanced analytical tools in their compliance audits and encourage a culture of continuous improvement in risk assessment processes.
Abstract
Studies have looked at how adolescents' health locus of control affects their risky sexual behaviour, but the current study...
THE PERCEPTION OF FINANCIAL STATEMENT ANALYSIS AMONG PUBLIC ACCOUNTING PROFESSIONALS
The objectives of this study are to...
Abstract
The topic of this research is „THE SINIFICANCE OF INJUNCTIONS IN THE DISPENSATIN OF JUSTICE IN NIGERIA‟. Injunctions are c...
Background to the Study
Legumes are nutritious and economical sources of protein for population of developing countries...
ABSTARCT
The soaring trend of environmental contamination by heavy metals is a global issue. The continual monitoring of soils around ind...
Background of the Study
Civic education is a vital component of adult education because it equips citiz...
ABSTRACT
Marriage in Islamic Law is special contract developsthrough love thatbrings compassion between the spouses among others. However...
Background to the Study
The authority and power of the National assembly and state legislatures to conduct oversight is...
CHAPTER ONE
INTRODUCTION
1.1
ABSTRACT: The effects of early childhood yoga programs on physical and men...
THE EFFECTS OF EARLY CHILDHOOD YOGA PROGRAMS ON PHYSICAL AND MENTAL HEALTH