Download complete final year project material on Auditor’s Role In Reporting of Financial Statement of A Company from chapter one to five including references and abstract
TABLE OF CONTENT
PASS 2024 UTME WITHOUT STRESS:- 👉 DOWNLOAD and PRACTICE with 2023 UTME CBT APP 📱👈
CLICK to DOWNLOAD NOW.:- 👉 PASS Your POST UTME by Downloading Your School's Post UTME Past Questions and Answers 📱👈
CHAPTER ONE: STATEMENT OF PROBLEMS
INTRODUCTION
Statement of the problems
Aims and objectives
Scope and constraints of the study
Significance of the study
Plan of the study
Definition of terms
CHAPTER TWO: LITERATURE REVIEW
Meaning of financial statement
Information to be disclose in financial statement
Function of financial statement organization decision making
Uses of financial statement
Meaning of auditing
Duties and responsibilities of an auditor
Auditor’s independence
Reference
CHAPTER THREE: RESEARCH METHODOLOGY
Brief history of case study
Organizational function of olushola adekan ola and company
Membership and organizational structure of the case study
Sources of data collection
Method of data collection
Population of the study
Limitation of the methodology
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND PRESENTATION
Analysis of data
Formulation and testing of hypothesis
The internal control of the case study
Analysis of annual report
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
Summary
Conclusion
Recommendation
Bibliography
CHAPTER ONE
1.0 INTRODUCTION
In the contempory business world, there should be a good communication method between the management and the providers of capital otherwise called the owners of shareholders. Usually, the shareholders appoint expertise as managers/ director to run the business on their behalf.
This occurs when the shareholders do not have the technical know-how or have limited time to manage the business. The manager communicate the stage of affairs of the business to them (the owners) at the end of each financial year through the preparation of financial statement.
The Impact Of Nigeria Deposit Insurance Cooperation (Ndic) On Nigeria Banking Industry
Critical Evaluation Of Accounting System In Non-Profit Making Organizations
The financial statement of a company are the annual reports and accounts prepared by the company. The sole responsibility of preparing financial statements of a company of the activities for an ontity for a particular reporting period. The main objective for an entity for a particular for the preparing the financial statement are to show the financial position and state of operations of a company to the relevant users of financial statements, especially shareholders.
The financial state of a company is often displayed in the income statements. Balance sheet, cash flow statements, notes to the accounts and other statements, and explanatory materials which form part of the financial statements, which are prepared from the receipts, vouchers, documents and records of a company, the financial statements is mainly designed by the manager to give report of their stewardship to the shareholders.
However, the shareholders may found the financial statement difficult to believe. This occurs as a result of the problems of trust between the owner and manager, as is usually the case when somebody entrusts one’s resources into the hands of other people. The suspicion of the ownener are usually based on the presupposition that the report either contains errors, is misleading, failed to discbse fraud and or relevant information.
Hence, there is the need to employe somebody who is independent of the report prepared by the manager/ directors. This person is called an auditor. He is appointed to examine and verify the organization, its records profit and loss account shows the trust and fair view of operations.
The auditor’s opinion helps establish the credibility of the financial statements.
In a nutshell, the roles that auditors play in reporting of financial statement of a company cannot be over-emphasized. The various uses of financial statements ranging from the shareholders, mangers, competitors, banker, labour union, financial analysts, tax practitioners government, creditors etc. depend on his/her state of mind before they can use the report to arrive at any statements is prone to wrong decision making by the financial statements users.
1.1 STATEMENT OF THE PROBLEM
Basically, the financial statements are prepared to show the state of affairs of company at the end of a reporting period. Also, it is prepared to satisfy the interests of the relevant users of financial information such as share holders, competitors, bankers, tax practitioners, analysts, etc. hence, the impact of a auditor in reporting of financial statement of a company had given rise to the problems highlighted below.
1. What brings about the involvement of an auditor in the reporting of financial statement of a company? The proble of trust between the owner of the business and the directors had led to the employment of an auditor in reporting financial statement of a company. This simply helps to satisfy the shareholders inrerests and justify the integrity of the directors managers.
2. What is the impact of auditor’s independent in reporting og financial statements of a company? The degree of auditor’s independence determines to a large extent the accuracy and correctness of financial statement.
3. What are the problems faced by the users of financial information in the interpretation of financial statements? The ability of various users of financial information to interprete the financial statement correctly helps them in arriving at a fair decision making. This is achieved through the acquisition of relevant knowledge of interpreting accounts such as ratio analysis.
4. What are the impacts of using the financial statement of a company to compare that of another company in the same industry? This is applicable to competitors as one of the users of financial statement: the companies that are similar insize and structure should be compared with one another to enable reasonable comparism judgments to be concluded
5. What are the limitations of financial statements of the performance evaluation of a company? The financial statements show a limited picture of operation of the firm. As such , it cannot used in determing the efficiency of routine aspect of an organization
The aforementioned points are some of the problems observed in process of seeking solution to the general problem of the study.
CLICK HERE TO DOWNLOAD THE COMPLETE MATERIAL (CHAPTER 1 -5)
>GUARANTTEE|:| Score 280 Above in 2024 UTME👉 DOWNLOAD FREE JAMB CBT APP HERE:.: GURRANTTEE Score 280 Above in 2022 UTME👉 DOWNLOAD FREE JAMB CBT APP HERE 📱👈WISH TO STUDY & LIVE in UK?:- STUDY, WORK AND LIVE IN the UK Application Form NOW OUT. Call 08030447894
