ABSTRACT
This Study focused on an analysis of the role of auditors in fraud
detection: a survey of selected firms in Nigeria. The data collection technique
used for this study is questionnaire and oral interview was also supportive.
The data was analyzed through the use of chi-square, this findings of this work
are that the firm's produced and published financial statement as well as
engaging the services of auditors and that detection of fraud and errors is
inevitable. And also, the case of fraud in these organizations is due to poor
management, lack of internal auditors, poor internal control system and
corruption. Based on these findings, it is recommended that selected firms
should ensure continuous policies and strategies aimed at effective and
efficient management. That management should continually engage the services of
qualified and experienced external auditors which will not only put in place an
effective internal control system but which will equally enhance it. Finally,
education, proper enlightenment and above all self disciplineis recommended to
step down the level of corruption not only in selected firms but also in
Nigeria as a whole.
CHAPTER ONE
INTRODUCTION
In our society where the business culture has been overridden in recent
times with fraudulent practices penetrated by management and employees, the
lack of clear understanding of the duties of an auditor in relation to fraud
detection has often led to unjustifiable criticisms of his role. Auditors are
known to be competent, honest and independent professionals who express
unbiased opinion on the truth and fairness of the financial statement as
presented by management to members of the company. The accounting profession
has over the years built a reputation, which encourages others to rely upon the
opinions auditors express. If these opinions are unclear or even unreliable,
serious consequences may and indeed have resulted.
OBJECTIVES OF THE STUDY
The objectives of the study includes:
i. To determine the role of
the auditors in Fraud Detection.
ii. To address the erroneous
belief that the auditor's role is to detect fraud instead of the audit of the
financial statements.
iii. To add to the existing
knowledge in the subject matter.
RESEARCH HYPOTHESES
The following hypotheses seek to answer the research questions:
'. Ho: There is no significant relationship between the role of the
auditor and fraud detection in selected firms in Nigeria
2. Ho: There is no
significant relationship between fraud detection and audit of the financial statement in selected firms in Nigeria.
3. Ho: There is no
relationship between the qualification and experience of the auditors and fraud
diction in selected firms in Nigeria
CHAPTER TWO
LITERATURE REVIEW
Auditing is an independent appraisal process often governed by statute
for examining, investigating and verifying the financial statements of any
organization or entity by a qualified person appointed to do the job who seeks
to established an opinion concerning the truth, accuracy, validity, reliability
and fairness of the statements and the records on which the statements are
based and concerned with any statutory or other requirements.
To make auditing possible, the internal control measures should be
adequate and perfect. The accounting system must be sound and the
organizational structure must not be overlapping.
Department | Accounting |
Project ID Code | ACC0112 |
Chapters | 5 Chapters |
No of Pages | 39 pages |
Methodology | Chi Square |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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