AUDIT INDEPENDENCE AND CREDIBILITY OF FINANCIAL REPORTING IN THE NIGERIAN BANKING SECTOR
- Project Research
- 1-5 Chapters
- Quantitative
- Regression
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
In this study the independence of auditors was critically evaluated and the importance of auditors’ independence in financial statement credibility was analyzed. In order to make informed decision it is important for the financial statement to be credible. The auditors are expected to audit the financial statement of companies in order to present a true and fair view or otherwise of the financial statement. The study adopted a survey research design. The data used for this work were collected from primary sources. The relevant data collected were analyzed using descriptive statistics of mean and standard deviation and inferential statistics of regression and correlation. The results of the analysis show that auditor’s independence affects the understandability, reliability and faithful representation of financial statement in the Nigerian Banking sector. The reason why audit exists is because investors and creditors can make use of financial statement to make their decisions. The study concluded that auditors’ independence and the credibility of financial statement are to be significantly impaired when non-audit services are conducted and that there is a positive relationship between independence of an auditor and the credibility of financial statement, therefore the independence of an auditor is fundamental to the credibility of financial statement. Finally, the study recommends that there should be rotation of auditors to improve the auditors’ independence, implementation of peer assessment in other to ensure that audit are carried out with outmost professionalism and mutual respect and that auditors should not be allowed to provide audit client with any other advisory services.
Related Project Materials
ASSESSMENT OF THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON FINANCIAL PERFORMANCE OF THE BANKING INSTITUTION
ABSTRACT
This study was carried out on the impact of corporate social responsibility on financial performance of the ba...
THE EFFECT OF FRAUDULENT FINANCIAL REPORTING AND THE ROLE OF FORENSIC ACCOUNTING ANALYSIS
Abstract: THE EFFECT OF FRAUDULENT FINANCIAL REPORTING AND THE ROLE OF FORENSIC ACCOUNTING ANALYSIS
This study investigates the impact of...
FUNGAL-DEGRADED MAIZE BY-PRODUCTS AS FEED FOR WEST AFRICAN DWARF RAM
ABSTRACT
Maize by-products are potential feed resources for ruminants if properly harnessed. Their uses are however limited by high fibre...
DESIGN, FABRICATION AND EVALUATION OF A BENISEED (Sesamum indicum L.) OIL EXPELLER
ABSRACT
Some physical and mechanical properties of two Nigerian beniseed accessions (Yandev-55 and E8) were determined at 5 moisture cont...
THE IMPACT OF DIFFERENTIAL WAGE RATES ON JOB SATISFACTION
ABSTRACT
This project aims at examining importance of difference in wages rate at different level of workers in an orga...
GOVERNMENT OWNERSHIP AND ITS EFFECT AND CONTROL OF MASS MEDIA OBJECTIVITY REPORTING
Abstract
This project takes a look at the “Effect of Government Ownership and Control on Mass Media Objectivity....
THE EFFECT OF TRADITIONAL MEDIA AND COMMUNICATION ON RURAL DEVELOPMENT OF NIGERIA
ABSTRACT
The study is a critical examination of the effect of traditional media and communication on rural developme...
IMPACT OF COMMUNITY LIBRARIES ON ADULT EDUCATION
Abstract: This research examines the impact of community libraries on adult education, focusing on how access to library resources and service...
IMPACT OF MODERN OFFICE EQUIPMENTS ON THE SUCCESS OF AN ORGANIZATION
ABSTRACT
This study focused on “modern office equipments and its impact on the success of an organization (a...
THE EFFECT OF BUDGETING SHIFT ON ELECTRONIC ACCESSIBILITY IN A LIBRARY
BACKGROUND OF THE STUDY
This paper focuses on the effect of budgeting shift on electronic accessibility...
