The Effect of Continuous Professional Education on Audit Quality: A Case Study of ICAN Nigeria Members
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Continuous professional education (CPE) is a crucial aspect of maintaining and enhancing professional competency in various fields, including auditing. For auditors, ongoing education ensures that they remain up-to-date with the latest developments in auditing standards, regulations, and methodologies. The Institute of Chartered Accountants of Nigeria (ICAN) plays a central role in providing CPE opportunities for auditors, enabling them to enhance their skills and knowledge throughout their careers.
ICAN’s CPE programs are designed to improve audit quality by keeping members informed about changes in auditing practices and regulatory frameworks. This study aims to explore the impact of ICAN’s CPE programs on audit quality in Nigeria, focusing on how these programs contribute to improving the effectiveness and reliability of audits conducted by ICAN members (Akinyemi & Lawal, 2024).
Statement of the Problem
Despite the availability of CPE programs, concerns remain about the extent to which continuous education influences the quality of audits in Nigeria. Some argue that auditors may not fully benefit from these programs or fail to apply new knowledge to their practices, thus raising questions about the effectiveness of ICAN’s CPE offerings in improving audit quality (Adeyemi & Afolabi, 2023). This study seeks to assess the relationship between continuous professional education and audit quality among ICAN members in Nigeria.
Objectives of the Study
-
To evaluate the impact of ICAN’s CPE programs on the quality of audits conducted by its members.
-
To assess the level of participation in ICAN’s CPE programs among Nigerian auditors.
-
To identify the challenges and barriers to effective participation in ICAN’s CPE programs.
Research Questions
-
How does participation in ICAN’s CPE programs affect the quality of audits conducted by its members?
-
To what extent do Nigerian auditors participate in ICAN’s CPE programs?
-
What challenges limit the effectiveness of ICAN’s CPE programs in improving audit quality?
Research Hypotheses
-
Participation in ICAN’s CPE programs improves the quality of audits conducted by members.
-
There is a high level of participation in ICAN’s CPE programs among Nigerian auditors.
-
Challenges such as time constraints and relevance of CPE programs limit their effectiveness in improving audit quality.
Scope and Limitations of the Study
This study focuses on ICAN members and evaluates the effect of CPE on audit quality in Nigeria. Limitations include the reliance on self-reported data and potential biases in assessing the effectiveness of ICAN’s programs.
Definitions of Terms
-
Continuous Professional Education (CPE): Ongoing educational programs that professionals must participate in to maintain and enhance their skills and knowledge.
-
Audit Quality: The degree to which an audit is conducted in accordance with professional standards, ensuring the accuracy and reliability of financial statements.
-
ICAN Members: Certified accountants and auditors who are members of the Institute of Chartered Accountants of Nigeria.
Related Project Materials
DESIGN AND IMPLEMENTATION OF AN INVENTORY MANAGEMENT SYSTEM
Background to the Study
For the production process, the market, and the distribution network to function, inventories are crucial. They a...
An Appraisal of the Role of Credit Facilities in Promoting Retail Banking Growth: A Case Study of GTBank, Lagos State
Background of the Study
Credit facilities are a cornerstone of retail banking growth, acting as the engine that drives fina...
The effect of prostitution on public health and crime in Aba North Local Government Area, Abia State.
Background of the study:
Prostitution, as a complex socio-economic phenomenon, significantly affects public health and crim...
The effect of international legal reforms on combating corruption: An evaluation of the UN Convention against Corruption
Background of the Study
International legal reforms have been pivotal in the global fight against corruption, with the UN C...
An assessment of religious institutions’ responses to child abuse cases in Esan West Local Government Area, Edo State
Background of the study
Religious institutions serve as moral and social anchors in many communities, oft...
The Impact of Regional Language Policies on Nigerian Phonetics: A Comparative Study of Northern and Southern Broadcasts
Background of the Study
Regional language policies in Nigeria play a significant role in shaping phonetic practices across...
THE ROLE OF ACCOUNTING IN CRYPTOCURRENCY TRANSACTIONS IN FINANCIAL STATEMENTS
Abstract:
This study investigates the role of accounting in cryptocurrency transactions in financial st...
An Assessment of Land-Use Policies and Agricultural Expansion in Jalingo Local Government, Taraba State
Background of the Study
Land-use policies play a critical role in shaping agricultural development and expansion, partic...
Impact of Variance Analysis on Financial Performance in Jalingo LGA
Background of the Study
Variance analysis is a tool used to analyze the differences be...
BEHAVIORAL FINANCE AND ITS IMPACT ON INVESTMENT DECISIONS
Abstract: BEHAVIORAL FINANCE AND ITS IMPACT ON INVESTMENT DECISIONS
This study explores the impact of behavioral finance on investment de...
