ASSESSMENT OF AUDIT EXPECTATION GAP IN NIGERIA
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study was carried out to examine the assessment of audit expectation gap in Nigeria using ICAN Lagos state as the case study. Specifically, the study aimed at ascertaining the responsibility and reliability factors which contribute to the audit expectation gap problem in Nigeria; ascertain the perception of auditors who are ICAN MEMBERS in Nigeria as to the suggestions for bridging the expectation gap; identify the opinion of auditors and audit beneficiaries on the statutory role of external auditors in Nigeria; investigate the nature of Audit Expectation Gap and users of financial statement in Nigeria; understand the perceptions of auditor and users regarding the auditing roles and functions in Nigeria; determine the role played by Auditor with respect to audit profession; and suggest and provides recommendation to improve and enhances auditing professions. The study employed the survey descriptive research design. A total of 50 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that there is a significant relationship between audit expectation gap and auditor responsibility relating to fraud detection and prevention, and soundness of internal control structure of the audited entity. Furthermore, there is a significance difference between the opinion of auditors and audit beneficiaries on the statutory role of external auditors in Nigeria. The study recommend auditors are encouraged to exercise due care and diligence in handling the accounts of a company. This is because failure to do so may abruptly end the business and increase the blame on the accounting profession. More so, users of audited financial statements are encouraged to seek professional advice before investing in a company. This will further assure them of the safety of their investment than merely interpreting that an unqualified audit report is a clean bill of health of the company.
Related Project Materials
THE IMPACT OF ONLINE VALUE ADDED TAX ON E-COMMERCE IN NIGERIA
ABSTRACT
This study was carried out to examine the impact of online Value Added Tax on e-commerce i...
THE IMPACT OF EFFECTIVE UNIONISM ON THE DETERMINATION OF WORKERS WELFARE
ABSTRACT
This research work is poised to look into the Impact of Effective Unionism on the Determinatio...
THE IMPORTANCE OF IMPROVING AGRICULTURE PRODUCTION THROUGH CO-OPERATIVE SOCIETIES. (A CASE STUDY OF ANIOCHA L.G.A, ANAMBRA STATE.)
ABSTRACT
Agriculture is a science or practice of cultivating the land the keeping or breeding animal for food and for th...
STUDY ON THE EFFECT OF MANAGERS LEADERSHIP STYLE ON THE SECRETARIES PRODUCTIVITY IN ANAMMCO
BACKGROUND OF THE STUDY
Many a times the success or failures of any business organization determined by...
THE ROLE OF HUMAN RESOURCE IN ORGANIZATIONAL PERFORMANCE
EXCERPT FROM THE STUDY
While goals offer direction and progression; targets act as a performance indicator tool. Fr...
EFFECTIVENESS OF INTERNAL CONTROL IN A TRADING COMPANY
ABSTRACT
This project titled Effectiveness Of Internal Control In a Trading C...
THE ROLE OF FORENSIC ACCOUNTING IN FINANCIAL STATEMENT IRREGULARITIES
Abstract: THE ROLE OF FORENSIC ACCOUNTING IN FINANCIAL STATEMENT IRREGULARITIES
This study investigates the role of forensic accounting i...
A SOCIOLINGUISTIC ANALYSIS OF PROVERBS IN ADIMORA- EZEIGBO’ S TRAFFICKED
ABSTRACT
Language is learned, shared, and it is an arbitrary system of vocal symbols through which human b...
MICRO ENVIRONMENTAL FACTORS AND PERFORMANCE OF QUICK SERVICE RESTAURANT IN PORT HARCOURT
Background of the study
Business organization does not operate in vacuum but it operates in busin...
THE ROLE OF ACCOUNTING INFORMATION IN PRODUCTION DECISION MAKING
ABSTRACT
Managers make decision in order to choose from alternative course of action at a dynamic rate. This is done in...
