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 pageII
Approval pageIII
DedicationIV
AcknowledgementV
AbstractVII
Table of contentsIX
Chapter One
Introduction1
1.1Statement of the problem3
1.2Objectives of the study5
1.3Significance of the study6
1.4Scope and limitations of the study7
1.5Statement of hypotheses8
Chapter Two
Literature Review9
2.1Definitions of Auditing9
2.2The Origins of Auditing10
2.3The role of Auditing in society12
2.4Position of Auditor under the CAMD 199015
2.5The objectives of an audit19
2.6Secondary objective (Discretionary)19
2.7Qualifications and qualities of an Audit21
2.8The Problems, difficulties ad hazards of auditing24
2.9Auditors Liability25
2.10Auditors independence27
2.11Auditors limitations30
Chapter Three
Research Methodology33
3.1Sources of data34
3.1.1Primary sources of data34
3.1.2Secondary sources of data35
3.2Questionnaire design and interview structure36
3.3Analytical tools used37
3.4Validity and reliability of measuring instrument37
3.5Determination of the sample size.38
Chapter Four
Data Presentation and Analysis39
4.1Questionnaire Information Presentation and Analysis39
4.2Interviews conducted
4.3Test of hypothesis69
Chapter Five
Summary of findings, recommendation77
5.1And conclusion77
5.2Summary of findings77
5.3Recommendations80
5.4Conclusion83
Bibliography83
Appendice