Description
Abstract
This research work empirically explored the role of external auditors on the financial accountability of managers in Nigeria organizations a case study of Union Bank of Nigeria PLC, Lagos branch. The objectives of this study were to examine the impact of external auditors on the quality of financial reports, examine the impact of external auditors on influencing deposit growth. The scope of the study is Union Bank of Nigeria Plc, Lagos branch in 2020 making use of its staff, contingency theory was used as a framework. The research design used for this study is survey, the population targeted for this study consists of staffs of Union Bank of Nigeria PLC, Lagos branch. 20staffs were used as sample size and cluster sampling technique was applied. Instrument used for this study is the questionnaire. Data collected were collected from primary sources. From the analysis of the data, the findings show that external auditors have helped to ensure the quality of financial reports, the activities of external auditors do not influence deposit growth. Following the findings, it was recommended that the use of external auditors should be embraced by most organization, external auditors should perform their duties properly. The study concludes that the use of external auditors has a positive impact on the financial accountability of an organization. Keywords: financial accountability, external auditors, organization, Union Bank of Nigeria PLC.
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