THE ROLES OF AUDITOR IN PROMOTING EFFICIENCY IN NIGERIA BANKS


CLICK HERE TO GET THE COMPLETE PROJECT »

THE ROLES OF AUDITOR IN PROMOTING EFFICIENCY IN NIGERIA BANKS (A CASE STUDY OF UNITED BANK FOR AFRICA)  

TABLE OF CONTENT

Title page

Certification

Dedication

Acknowledgement

Table of Content

CHAPTER ONE

1.0 Introduction.

1.1 Background of the study.

1.2 Statement of the Problem

1.3 Research Question

1.4 Purpose of the Study

1.5 Scope of the Study

1.6 Limitation of the Study

1.7 Significant of the Study

1.8 Definitions of Operational Terms.

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

2.2 Objectives of Auditing

2.3 Concepts of Audit

2.4 Sources of the role of Auditors

2.5 The Auditors Reports

2.6 The Auditors Opinion

2.7 The Auditors Responsible to Detect Fraud

2.8 Role of Independence and the Auditor

2.9 Ways to Maintain Independence of an Auditor

CHAPTER THREE

3.0 Research Methodology

3.1 Introduction

3.2 Research Design

3.3 Area of Study

3.4 Population

3.5 Instrument for Data Collection

3.6 Method of Data Collection

3.7 Method of Data Analysis 

CHAPTER FOUR

4.1 Analysis of Data

4.2 Hypothesis Testing

CHAPTER FIVE

5.0 Summary

5.1 Conclusion

5.2 Recommendation

References

CHAPTER ONE

1.1 BACKGROUND OF THE STUDY

Auditors derived their roles from some sources among which are: (a) Companies and Allied Matters Decree 1990 (CAMD 1990) (b) Bank and Other Financial Institution Decree (BOFID 1991). Number 2 of the decree states their functions. (c) Their roles are also specified in other financial disclosure requirement for the universal banking system in Nigeria.

The role of an Auditor can not be overemphasized in any organization.

An Auditor is a person whose job is to carefully check the accuracy of business records. Auditors can be either an independent auditor (auditors that are not affiliated with the company which they audit), or a captive auditor, some are elected public officials. The term auditor is sometimes synonymous with “comptroller”. Auditor helps to ensure that forms are run effectively and their records are kept accurately, taxes paid properly and on time. Their main duties is to carry out an examination which enables them to determine whether a firm’s record has being properly recorded.

1.2 STATEMENT OF THE PROBLEM

Recently in Nigeria, banks were going into liquidation, acquisition, merger and recapitalization; and before any of these can take effect, an auditor is needed to give the financial stand of the bank. Part of these is what leads the researcher to the topic in order to enable the UBA (United Bank for Africa) and CBN (Central Banks of Nigeria) and all other financial institution involved to know the roles of auditors in banking system.

1.3 RESEARCH QUESTIONS

The research work is aimed at addressing the general roles of auditors in the banking system in Nigeria. Auditors reports are considered essential tools when reporting financial information to users particularly in business. Since many third party users prefers or even require financial information to be certified by an independent external auditor, many audited rely on auditors reports to certify their information in order to attract investors, obtain loans, and improve public appearance.

1.4 PURPOSE OF THE STUDY

This research work tries to examine the auditor’s roles in the Nigeria banks, since all banks (both UBA) and other are involved in the same monetary transaction.

The purpose of this research work is to:

(a) Determine the need for an audit system or an auditor in Nigeria Banks.

(b) To determine the role played in reliability of the financial statements of the universal banks.

(c) To reveal the impact of their roles to the bank customer (that is, the auditors role to the customer).

(d) To assess the problems of confronting auditors in the course of their assignment

(e) To examine the effectiveness of their report.

1.5 SCOPE OF THE STUDY

This research write-up examines the historical background of auditors, their roles to the United Bank for Africa (UBA) and the entire banking system. If also gives an in depth look into the impact of auditors on all commercial stakeholders.

The study is also centered on the Nigeria banking sectors and other financial institution. It also states the exemplary performances of auditors.

1.6 LIMITATION OF THE STUDY

Major constraint encounter in the prices of writing this research topic were during data collection. The data were collected from the UBA staff and it was given to the researcher under strict compliance with certain rules and regulation.

Also, the financial aspect of this project also demanded lot money were used during transportation to the bank and in buying stationeries. Time was also consumed in pursuing UBA staffs when searching for relevant data(s) and information.

1.7 SIGNIFICANT OF THE STUDY

Since the inception of Obasanjo’s Administration in 1999, a lot of questions was erupted as regards to the performance of commercial banks in Nigeria in relations to the role played by the auditors, this will make this research work of more benefit to any willing individual that wish to know how efficient and effective the work of an auditor is and their impact to the economic growth and development.

This research word is also significant for shareholders who are willing to invest in one bank or the other (it serves as a guideline to investment).

Finally, this research work is significant for the government in order to know the appropriate measures to be taken in formulating plans and policies for the financial institutions in Nigeria.

1.8 DEFINITIONS OF OPERATIONAL TERMS

(1) FINANCIAL STATEMENT: - These are part of a company annual report, the purpose of which is to communicate information about the company to those who are eligible to it,

(2) MANAGEMENT: - This involves all those people that engage in the efficient running of the firm. They are the one who perform the stewardship function in an organization.

(3) FRAUD: - This is a deception, deliberately practiced in order to secure unfair or unlawful gain. In other words, it is the intentional misrepresentation of financial information by one or more individual among the management, employees or third parties of an organization.

(4) AUDITEE: - an individual, firm or an organization that is being audited.

(5) SHAREHOLDERS: - they are the rightful owners of the company which resources are contributed together towards the running of the business.

.

THE ROLES OF AUDITOR IN PROMOTING EFFICIENCY IN NIGERIA BANKS


CLICK HERE TO GET THE COMPLETE PROJECT »


TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.