AUDITOR'S LEGAL RESPONSIBILITY AND ITS EFFECT ON ACCOUNTING PROFESSION
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
Auditing is a systematic examination of books, accounts, documents and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern. It also ensures that the books of accounts are properly maintained by the concern as required by law. Auditing is defined as a systematic and independent examination of data, statements, records, operations and performances (financial or otherwise) of an enterprise for a stated purpose. In any auditing the auditor perceives and recognizes the propositions before him/her for examination, collects evidence, evaluates the same and on this basis formulates his/her judgment which is communicated through his/her audit report [www.wikipedia.org]. Auditors’ auditing of a financial record provides third party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other areas which are commonly audited include: internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may effectively evaluate and improve the effectiveness of risk management, control, and the governance process over the subject manner. That an auditor has the responsibility for the prevention, detection and reporting of fraud, other illegal acts and errors is one of the most controversial issues in auditing, and has been one of the most frequently debated areas amongst auditors, politicians, media, regulators and the public (Gay et al, 2013). This debate has been especially highlighted by the collapse of both small and big corporations across the globe. The auditing profession in Nigeria has caught the media’s attention following financial scandals in some of the Nigerian banks such as Intercontinental Bank, Oceanic Bank, Afribank, and Bank PHB among others.
Related Project Materials
TO DETERMINE THE SEX RATIO OF STUDENTS WITH STDS ATTENDED TO AT THE UNIVERSITY AND TO EXAMINE THE AGE DISTRIBUTION OF STUDENTS WITH STDS ATTENDED TO AT THE UNIVERSITY HEALTH CENTRE
ABSTRACT
This study was carried out to examine to determine the sex ratio of students with stds attended to at the unive...
CHILD MORTALITY IN ANCIENT ROME AND MODERN IBADAN
ABSTRACT
High records of occurrences of child mortality were documented in ancient Rome and in modern Ibadan. Available studies on ancien...
IMPACT OF INADEQUATE NURSE STAFFING IN PRIMARY HEALTHCARE CENTRES IN NIGERIA
EXCERPT FROM THE STUDY
Nurse staffing has been an important issue in terms of the quality of patient ca...
ANALYSIS OF INSURANCE AWARENESS AND INSURANCE PERFORMANCE IN THE NIGERIAN ECONOMY
Background Of The Study
The insurance business serves as the backbone of Nigeria's risk management...
AN APPRAISAL OF FUND ACCOUNTING FOR DISTRESSED DEBT AND RESTRUCTURING,
ABSTRACT
This study provides AN APPRAISAL OF FUND ACCOUNTING FOR DISTRESSED DEBT AND RESTRUCTURING, focusing on understanding the current...
ENVIRONMENTAL IMPACTS OF AUTOMOBILE WASTE DUMP ON SOIL
ABSTRACT
Soil is the essential ingredient in any farming enterprise. When it is in poor health, plants cannot grow to th...
HISTORICAL DYNAMICS OF INTERACTION OF CHRISTIANITY WITH OZO INSTITUTION AND WIDOWHOOD PRACTICES IN OGIDI, 1985-2015
Background to the Study
When asked to define history, what comes to mind is a systematic and expository record of past e...
IMPACT OF LANGUAGE BARRIERS ON ADULT EDUCATION PARTICIPATION
Abstract: The research investigates the impact of language barriers on adult education participation. This study aimed to explore how language...
POLYGAMY AND FAMILY SIZE AS A DETERMINANTS OF STUDENTS’ ACADEMIC PERFORMANCE IN SELECTED SECONDARY SCHOOLS
ABSTRACT
The study examines the effect of polygamy and large family size on students’ academic performance in sele...
IMPROVING THE EFFECTIVENESS OF ACCOUNTING SYSTEM IN EDUCATION SECTOR
ABSTRACT
This study was carried out on improving the effectiveness of accounting system in education se...
