ABSTRACT
The inherent problems, dangers and difficulties is one of the felonies of which an auditor should take care of, in order to achieve a set objective of an organization. The auditors’ roles and procedures are the yardstick through which the obstacles affecting an organization cab be tackled. This research work is aimed at informing the management on how the problem of frauds, its prevention and detection of frauds as well as other irregularities could be curbed within and organization. It also emphasized on the duty and responsibilities or an auditor in carrying out an appropriate application of the audit procedures necessary to enable the expression of an opinion on the accounts under examination.
However, this work will be of immense help to users such as shareholders, debenture holders, creditors and other to know what exactly an auditor is expected to do. It will as well be of great assistance to individuals to know who an auditor is. This study is presented in five chapters.
Chapter one covered the introduction into the work. Literature review is found in chapter two. Research methodology is found in chapter three. Chapter four deals with data presentation and analysis, finally, chapter five deals with summary of findings, recommendation and conclusion.
TABLE OF CONTENTS
Title page II
Approval page III
Dedication IV
Acknowledgement V
Abstract VII
Table of contents IX
Chapter One
Introduction 1
1.1 Statement of the problem 3
1.2 Objectives of the study 5
1.3 Significance of the study 6
1.4 Scope and limitations of the study 7
1.5 Statement of hypotheses 8
Chapter Two
Literature Review 9
2.1 Definitions of Auditing 9
2.2 The Origins of Auditing 10
2.3 The role of Auditing in society 12
2.4 Position of Auditor under the CAMD 1990 15
2.5 The objectives of an audit 19
2.6 Secondary objective (Discretionary) 19
2.7 Qualifications and qualities of an Audit 21
2.8 The Problems, difficulties ad hazards of auditing 24
2.9 Auditors Liability 25
2.10 Auditors independence 27
2.11 Auditors limitations 30
Chapter Three
Research Methodology 33
3.1 Sources of data 34
3.1.1 Primary sources of data 34
3.1.2 Secondary sources of data 35
3.2 Questionnaire design and interview structure 36
3.3 Analytical tools used 37
3.4 Validity and reliability of measuring instrument 37
3.5 Determination of the sample size. 38
Chapter Four
Data Presentation and Analysis 39
4.1 Questionnaire Information Presentation and Analysis 39
4.2 Interviews conducted
4.3 Test of hypothesis 69
Chapter Five
Summary of findings, recommendation 77
5.1 And conclusion 77
5.2 Summary of findings 77
5.3 Recommendations 80
5.4 Conclusion 83
Bibliography 83
Appendice