MANAGEMENT OF FUNDS IN BANKING INDUSTRIES. CASE STUDY OF POLARIS BANK
This study is the management of funds in banking industries; a case study of Skye Bank plc, market Road, Onitsha, Anambra State. Some of the problems with which this study is concerned are that of determining whether the auditors had in any way contributed towards distress in the banking industries, whether fraud or bad debts had resulted in distress of so many banks in Nigeria and how auditors can stop banks from going into distress.
The objective of this study among others includes;
To know whether auditors are contributing towards distress in the banking industry.
Challenges posed to auditors against distress in banking industry.
The researcher therefore recommends that the auditors must design the audit materials in such a way that no material fraud or errors go undetected. He must introduce internal checks and balances and/or reporting system to the shareholders and members of the public through publications and newspapers, annual financial positions of the banks, the balance sheets and annual reports.
In conclusion, auditors should be very careful in carrying out audit assignments to prevent banks from going into distress.
TABLE OF CONTENTS
Title Page i
Certifications Page ii
Dedication Page iii
Acknowledgement Page iv
Table of Contents vi
1.1 Introduction/Background of study 1
1.2 Statement of problem 6
1.3 Objective of Study 15
1.4 Statement of hypothesis 16
1.5 Significance of the Study 16
Scope and limitation of the Study 17
Definition of terms 18
2.0 Literature Review 23
2.1 Theoretical framework 23
2.2 Historical background 32
2.3 Current literature on theories postulated 40
3.1 Research design 50
Sources of data 51
3.2.1 Primary source of data 51
3.2.2 Secondary source of data 51
Population of study 52
Sample size 52
Method of data collection 53
3.5.1 Questionnaires design, distribution and collection 53
Method of data presentation and analysis 54
4.1 Data presentation 55
4.2 Presentation according to key research question 55
Analysis based on research hypothesis 67
Summary of findings 74
Appendix I 80
Appendix II 81