Description
ABSTRACT This research is prompted by one main problem, which is often alleged that audit reports are frequently paramount and this is because firms hoping to be in business needs audit reports and this has impact on the activities of business firm. The objective and concept that guide the present day audit were almost unknown in the early days of the 20th century because the accounting profession responds to the descent of the new business environment. The objective of independent auditing became during the industrial revolution as business concern grew in size, their owners began to use the services of hired managers with the separation on the ownership and management groups the absentee owner turned increasingly to auditors to protect themselves against the danger of fraud by both managers and employees. Financial accounts of a business was done over a period of time and this is revealed through financial statement based on the records maintained by the employees of the business. Due to the situation above, the company act 1968 deemed it necessary for shareholders to appoint independent professional accountant to examined these financial statement and testify to its fairness and truthfulness. Audit reports which is the end product of an external auditors independent examination on the financial records of a business firm is the subject matter of this study.
TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE
Introduction
Background of the study
Statement of the problem
Objectives of the study
Research questions
Significance of the study
Scope and limitations of the study
Definition of the terms
CHAPTER TWO
Literature review
Definition of audit or nature of auditing
Types of auditing
Independence of auditors
Basic content of audit report
scope opinion paragraph
Opinion paragraph
Unqualified opinion
Departure from accounting principle
Emphasis of matters
Qualified opinions
Except for opinions
Subject to opinion
Limitations on scope of examination
Major uncertainty affecting clients business.
Qualification as to accounting procedure and disclosure.
Adverse opinions
Disclaimer opinions
Restrictions imposed by clients.
CHAPTER three
Research methodology
Research design
Sources of data
Population and sample size
Method of investigation
Questionaire method
3.6 Method of statistical Analysis
3.7 Statistical Technique Top Hypothesis
CHAPTER FOUR
Presentation, analysis and interpretation of data
Analysis of data
Analysis of responses from questionnaire.
CHAPTER FIVE
Summary of findings, recommendations and conclusion
Summary of findings
Conclusion
Recommendations
Bibliography
Appendix
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