CHECKING DISTRESS IN THE NIGERIAN BANKING SECTOR THE ROLE OF ACCOUNTANTS AND AUDITORS
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
Abstract
This study was conducted to ascertain the role of accountants and auditors in checking distress in Nigeria banks. To achieve this objective, the following Nigerian bank were used as study area before their acquisition by more viable banks- First bank. Primary data were collected by using validated questionnaires and secondary data collection was by oral interviews and examination of some bank documents. Two hundred and fifty questionnaires were distributed among staff of the aforementioned bank in Anambra State and thereafter, two hundred and thirty-five of the returned questionnaires were valid and were subsequently subjected to descriptive statistical analysis to ascertain the roles and involvement of auditors in distress in Nigerian banks in line with the elements of the questionnaires. Analytical statistical tools such as means, standard deviations and percentages were used for the analysis. Chi-square and Student t-test were used as the major statistical tools for testing the hypotheses and comparing mean values. Result of the study indicated that there were collusion between accountants/auditors and management and there is aiding and abetting of management by external auditors to commit fraud. It was also found that there is gross negligence and improper performance on the jobs by accountant/auditors and in some instances, accountants/auditors are gagged by management and directors. Experience of accountants/auditors was also found to play a significant role in the quality of report submitted.
The major conclusion of this study is that auditor’s reports presented for distressed and failed banks fulfilled only the letter of the law. It is thus recommended that the law should be amended to make auditors criminally liable for negligent performance of duty in addition to the current civil liability.
Related Project Materials
AN ASSESSMENT ON THE IMPACT OF PERIODIC ASSESSMENT TEST ON THE ACADEMIC PERFORMANCE OF SENIOR SECONDARY SCHOOL STUDENTS
ABSTRACT
The study was undertaken to investigate the effects of Periodic Testing on academic performance of se...
INVESTIGATING THE ASSOCIATION BETWEEN NURSE PATIENT COMMUNICATION AND PATIENT SATISFACTION IN GERIATRIC CARE SETTING: A CASE STUDY OF YEMMY CARE SENIOR CITIZEN HOME IKANGBA IJEBU ODE
Background of the study
Communication between nurses and patients is a fundamental aspect of healthcare...
INSURANCE COMPANIES AND THEIR IMPACT ON ECONOMIC DEVELOPMENT OF NIGERIA
ABSTRACT
Business produce goods and services to satisfy the demand of customers. Much as these businesses declare profit...
AN EXAMINATION OF INNOVATIONS IN ASSESSING CREATIVITY AND INNOVATION IN VOCATIONAL SETTINGS
ABSTRACT: Innovations in Assessing Creativity and Innovation in Vocational Settings explores novel approaches to evaluating and promoting creativit...
CONFLICT MANAGEMENT IN NIGERIA CONSTRUCTION INDUSTRIES
Abstract
This work examines conflict management in Nigeria construction industries, a case study of Julius Berger constr...
LIBRARY SERVICES IN A LINGUISTICALLY DIVERSE COMMUNITY
ABSTRACT
This research work covers the impact of library services in a linguistically diverse community...
INVESTIGATING THE PERFORMANCE OF DIFFERENTTIAL PROTECTION SCHEME OF POWER TRANSFORMER
Background of the Study
The basic scheme of differential relaying is explained with reference to the diagram below Fig.1.1:Basic Scheme o...
AN EXPLORATION OF INNOVATIONS IN ASSESSING CAREER READINESS IN VOCATIONAL STUDENTS
ABSTRACT: Innovations in Assessing Career Readiness in Vocational Students explores new approaches to evaluating students' readiness for the wo...
THE IMPACT OF TAX POLICY CHANGES ON BUSINESS DECISION-MAKING
Abstract: THE IMPACT OF TAX POLICY CHANGES ON BUSINESS DECISION-MAKING
This research explores the impact of tax policy changes on busines...
THE INFLUENCE OF ORGANIZATIONAL CULTURE ON PROJECT MANAGEMENT PRACTICES
Abstract: This study examines the influence of organizational culture on project management practices, aimin...
