This research is prompted by one main problem, which is often alleged that audit reports are frequently paramount and this is because firms hoping to be in business needs audit reports and this has impact on the activities of business firm. The objective and concept that guide the present day audit were almost unknown in the early days of the 20th century because the accounting profession responds to the descent of the new business environment. The objective of independent auditing became during the industrial revolution as business concern grew in size, their owners began to use the services of hired managers with the separation on the ownership and management groups the absentee owner turned increasingly to auditors to protect themselves against the danger of fraud by both managers and employees. Financial accounts of a business was done over a period of time and this is revealed through financial statement based on the records maintained by the employees of the business. Due to the situation above, the company act 1968 deemed it necessary for shareholders to appoint independent professional accountant to examined these financial statement and testify to its fairness and truthfulness. Audit reports which is the end product of an external auditors independent examination on the financial records of a business firm is the subject matter of this study.
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OTHER SIMILAR ACCOUNTING PROJECTS AND MATERIALS
AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)
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ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »
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HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »
APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA
2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »
ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA
ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »
ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)
THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »
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