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
AUDITING EFFICIENCY FOR IMPROVING COMPANIES PERFORMANCES
Background of study
Company performance is very important if such a company want to achieve its pu...
RESOURCES GENERATION AND MANAGEMENT IN PUBLIC INSTITUTIONS IN NIGERIA
ABSTRACT
Investigating resource generation and management in the ministry of local&nbs...
TREND IN THE USE OF HUMAN MODELS IN THE NIGERIAN ADVERTISING INDUSTRY
EXCERPT FROM THE STUDY
Advertising gives a beautiful picture of a particular product so as to gain more and more consume...
STREET TRADING AND RAPE: CAUSES AND EFFECT
ABSTRACT
Street trading and rate, the causes and the effect in Oredo Local Government Area of Edo State. The objective o...
COMPARATIVE SURVEY FOR THE PERFORMANCE OF CHISCO AND ABC TRANSPORT COMPANIES
EXCERPT FROM THE STUDY
This study aimed at having a critical analysis of impact of accounting ethics on accounting practice in Nigeria. T...
CASSAVA PROCESSING AND MARKETING OPTION FOR SUSTAINABLE AGRICULTURAL DEVELOPMENT
Abstract
This study examined the economics and profitability(Agricultural development) of improved cassava production technologies in Enu...
ANTIMICROBIAL SUSCEPTIBILITY PROFILE OF NOSOCOMIAL URINARY TRACT PATHOGENS IN SURGICAL PATIENTS OF AHMADU BELLO UNIVERSITY TEACHING HOSPIAL, SHIKA-ZARIA, NIGERIA
ABSTRACT
Urinary tract infections is one of the common infectious diseases diagnosed both in community and hospital settings. Due to risi...
IMPACT OF FINANCIAL STRESS ON STUDENTS ACADEMIC ACHIEVEMENT
ABSTRACT
Considering financial stress as a possible predictor of issues in academic an...
THE IMPACT OF STRATEGIC SUPPLY CHAIN MANAGEMENT ON BUSINESS SUCCESS
Abstract:
This study aims to (1) evaluate the impact of strategic supply chain management on business succ...
STRATEGIES FOR PROMOTING TEAMWORK AND LEADERSHIP SKILLS IN TECHNICAL PROGRAMS
Abstract: Strategies for promoting teamwork and leadership skills in technical programs are...
