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Significance Of External Auditor’s On The Examination Of Financial Statement
[A STUDY OF FIRST BANK OF NIGERIA PLC]
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1.5 RESEARCH HYPOTHESES
Based
on the stated problem as well as the need for the study, there is need
for a set of hypothesis that will act as a guide for the work. Such
hypothesis might be true but such a conclusion can only be made at the
end of the study.
The hypotheses are,
Hypothesis one
H0: There is no relationship between the financial statement of the bank and audit examination.
H1: There is a relationship between the financial statement of the bank and audit examination.
Hypothesis two
H0: The auditor‟s report does not represent a true and fair view of the performance of the organization.
H1: The auditor‟s report represents a true and fair view of the performance of the organization.
1.6 SIGNIFICANCE OF THE STUDY
This research would be of interest to the management and employees of first bank of Nigeria plc.
The
study would serve as reference materials to other researchers who may
want to carry out more research on this or related topic.
The study would broaden the researcher knowledge on the subject.
The study would serve as a requirement for the award ot bachelor of science in accounting.
1.7 SCOPE/LIMITATION OF THE STUDY
The
researcher‟s project focuses on the significance of external auditors
on the examination of financial statement in first bank Nigeria plc, in
order to carryout an extensive study on this topic and ensure
understanding. The researcher shall delimit this study by covering the
following subject and areas. The meaning of external
auditors,
significance of external auditors, responsibilities of audit
organizations, external auditors role in detecting fraud, extent of an
auditors investigation and the relationship between external auditors on
the examination of financial statement.
The researcher‟s effort
towards a sound research output was limited by a number of factors. The
researcher was limited by finance as the scholar has to finance the
project with her meager financial resources, which prudently applied
towards the successful completion of this project.
Another notable
constraint is the uncooperative attitude of some staff of first bank
Nigeria plc. Most of them were very reluctant to accept questionnaire
addressed to them and where they did, some vital questions kept
unanswered.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis study was to assess the significance external auditor‟s in the examination of financial statement of first Bank of Nigeria Plc., Enugu. The banking sector in Nigeria and elsewhere in recent times have become so diversified, challenging, highly competitive and has been characterized by persistent, fraud, errors and misappropriation of funds in the bank, the impact of which has undoubtedly shaken the whole economy of the nation. For this work to be effectively and efficiently ca ... Continue reading---
