THE ROLE OF INDEPENDENT AUDITORS IN NIGERIA
Auditors have a role to play in the economic development of Nigeria, but this is not achieved because of the problems are uncompromising attitude on the part of their client’s staff, conflict during report writing, absence of accounting manuals in the organisations, the ambiguous nature of the Nigeria companies, decree and other acts.
The project investigates the causes and solutions to the problems. Form the findings, the true position is that, the problems of auditors range from the uniformed members of the public who do not know much about the profession and their right to the attitudes of company directors. The suggestions for the improvement of the conditions of services include. Removal of the power to appoint auditors from the directors and shareholders and to vest it on ministry responsible for trade.
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE STUDY
1.3 OBJECTIVE OF THE STUDY
1.4 SIGNIFICANCE OF THE STUDY
1.5 SCOPE AND LIMITATION OF THE STUDY
2.1 TYPES OF AUDITORS AND THEIR RELATIONSHIPS1
2.2 DIFFERENCES BETWEEN INTERNAL AND EXTERNAL AUDITOR
2.3 RESPONSIBILITY OF INTERNAL AND EXTERNAL AUDITORS
2.4 INDEPENDENCE OF INTERNAL AND EXTERNAL
2.5 STATUTORY ROLES OF INDEPENDENT AUDITORS.
3.0 SUMMARY OF FINDINGS
BACKGROUND OF THE STUDY.
This study entitled “The role of independent auditors in Nigeria” which attempts to study the roles played by the auditors in the development of our Nigerian economy in the recent past.
THE SUB-PROBLEMS ARE:
1.1 knowing the history and development of audit
1.2 The problems encountered by the auditors in the course of their work
1.3 Whether their external auditors reports are taken as seriously as they should.
1.4 Whether the incident of frauds and irregularities have reduced considerably in the past few years.
1.5 To make recommendation on how to improve on any set back suffered by the auditors.
1.6 Verification of accounts and statements prepared by a client or his staff.
The study intends to enlighten people on the appointment, duties, rights, liabilities, remuneration and removal of auditors among other things. This will enable them to engage the services of auditors at all times. Most people do not know the difference between the functions of an auditor, which is to check and report upon the completed work of others, and those of the accountants which is to prepare accounts from a set of book that is agreeing the trial balance and there after preparing the profit and loss account and balance sheet. This project work will enable them to know that for an auditor to prepare accounts as well as perform an audit, he will charge separately for his accounting work.
This work will enable any student who intends to study the course in feature to make use of this work both in their academic and research programmes. The recommendations in this research work will help to solve some of the problems encountered by the auditors since this work will be kept in the library for reference purposes, through there is always room for improvement on the work by other researchers. It will also be useful to research students both from this school and others.
TERMS AND CONDITIONS
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1. As a source for additional understanding of the subject
2. As a source for ideas for your own research (if properly referenced)
3. For PROPER paraphrasing ( see your university definition of plagiarism and acceptable paraphrase)
4. Direct citing ( if referenced properly)
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