0704-883-0675     |      dataprojectng@gmail.com

INDEPENDENCE OF AUDITORS AND RELIABILITY OF FINANCIAL REPORTS IN BANKING INDUSTRY

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

 

 

 

ABSTRACT

There has been celebrated cases of corporate frauds and financial misappropriation in Nigeria’s big corporations. The series of frauds have left a sense of doubt about the “unbiasedness” of external auditors to render an attest function on the credibility of published financial statements. In this light, this research sought to empirically investigate the Independence of auditors and reliability of financial reports in banking industry. The research adopts a survey and a descriptive research design with a well-structured questionnaire. Data were basically sourced through primary means. The population of the study comprise staff of the twenty four (24) commercial banks in Nigeria. Five banks were selected from the twenty four and One hundred (100) respondents were sampled, twenty from each banks. Four hypothesis were formulated and tested with the used of Chi-square analysis. The analysis resulted into rejecting the four null hypotheses and concluding that; there is significant relationship between audit tenure and reliability of auditors’ financial reports; audit firm Competition for service affect reliability of data; auditor-client-relationship affect the reliability of financial report and that there is relationship between audit fee and reliability of auditors’ financial report. Among other recommendations, it was recommended that standards of independence for auditors should be designed to promote an environment in which the auditor is free of any influence, interest or relationship that might impair professional judgment or objectivity.

 




FIND OTHER RELATED TOPICS


Related Project Materials

THE EFFECT OF ECONOMIC FACTORS ON INTERNATIONAL ACCOUNTING STANDARDS,

ABSTRACT

This study examines THE EFFECT OF ECONOMIC FACTORS ON INTERNATIONAL ACCOUNTING STANDARDS, focusing on identifying key economic i...

Read more
THE IMPACT OF EARLY CHILDHOOD EDUCATION ON UNDERSTANDING GLOBAL WARMING

ABSTRACT: This study investigates the impact of early childhood education on young children's understanding of global warming. Educating c...

Read more
AN ANALYSIS OF THE RATE OF INDUSTRIAL ACCIDENTS IN NIGERIA

INTRODUCTION

Accident, literally, a befalling, an occurrence that occurs without forethought or anticip...

Read more
MEDIA AS A TOOL FOR PROMOTING ARTS AND CULTURE THROUGH TOURISM DEVELOPMENT IN NIGERIA

Abstract

This research work examines media as a tool for promoting arts and culture through tourism development in Niger...

Read more
CHARACTERISTICS OF SOLID WASTE IN AKURE, ONDO STATE

​​​​​​Background of t

THE RELEVANCE OF SALES PROMOTION TO BUSINESS ORGANIZATIONS

ABSTRACT

The study examined the relevance of sales promotion to business organizations using Sino Food Nigeria Ltd...

Read more
A SURVEY ON TAX INCENTIVE AS A CATALYST FOR PERFORMANCE OF BEVERAGE COMPANIES

EXCERPT FROM THE STUDY

The prospects for beverage companies (and other manufacturing firms) are considerable, but the ob...

Read more
POLITICAL KILLING AND SLOW JUSTICE IN NIGERIA

EXCERPT FROM STUDY

Criminal investigation is not a voodoo science but is primarily reliant on information supplied to th...

Read more
FINANCIAL RECORD MAINTENANCE PRACTICES IN BUSINESS ESTABLISHMENT

ABSTRACT

In this study, our focus was to carryout  a critical analysis on financial record maintenance practices in...

Read more
DESIGN AND IMPLEMENTATION OF GAS DETECTION SYSTEM USING GSM NETWORK

ABSTRACT

This project presents the design and implementation of gas detection system using GSM network....

Read more
Share this page with your friends




whatsapp