AN ASSESSMENT OF AUDITORS’ INDEPENDENCE AND AUDIT REPORTS IN NIGERIA
AN ASSESSMENT OF AUDITORS’ INDEPENDENCE AND AUDIT REPORTS IN NIGERIA
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Date
2002-12
Authors
SILVANUS, KUFUR ISHAKU
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Abstract
ABSTRACT
This research study was aimed at critically assessing the statutory
auditors’ independence and audit reports in Nigeria.
Many members of the Public believe that auditors are usually
manipulated by managements of their client companies.
The research population used for the study comprised all the
registered audit firms of external auditors in Nigeria, the listed Public
limited companies and the general public who are also known as
interested parties.
The significant research questions examined were, whether the
present statutory and professional provisions in relation to auditors’
independence and audit reports are adequate?. Are auditors’ reports
(opinions) fully understood by members of the Public (users) vis-à-vis their
expectations?.
The survey and descriptive methods of research were employed in
carrying out this research.
The statistical tools used in the analysis of the data collected were
tables, frequency distributions and simple percentages.
It was observed that external auditors are manipulated by
managements during the course of performing their audit task thus
undermining auditors’ independence.
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It was also established that majority of the members of the public
who are also known as interested parties do not fully understand what
actually audit reports (opinions) are all about.
It was recommended that the audit reports should be directed to
shareholders and other users of financial statements of the client
company.
Description
BEING A THESIS SUBMITTED TO THE POST GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILMENT OF
THE REQUIREMENTS FOR THE AWARD OF MASTER OF SCIENCE
(M.SC.) DEGREE IN ACCOUNTING AND FINANCE, DEPARTMENT OF
ACCOUNTING, FACULTY OF ADMINISTRATION, AHMADU BELLO
UNIVERSITY, ZARIA, NIGERIA.
Keywords
ASSESSMENT,, AUDITORS,, INDEPENDENCE,, AUDIT,, REPORTS,, NIGERIA