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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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1.8 DEFINATION OF TERMS
The section offers some brief definition of the terms used in the research work.
AUDITING:
According
to oxford advanced learners dictionary, auditing is defined as an
official examination of business and financial records
to see that they are true fair or an official examination of the quality on standard of something.
AUDITOR:
A person who officially examines the business and financial records of a company or organization.
EXTERNAL AUDITOR:
External
auditor as a chartered accountant who is a public officer and is
professionally qualified. Section 357 of CAMD 1990 talk on our auditor
is appointed and he can also be appointed according to section 86 of the
1999 constitution of the federal republic of Nigeria.
PUBLIC SECTOR:
The
part of the economy of a country or a statement that is owned or
controlled by the government. It includes all organizations which are
not privately owned but which are owned and operated by the general
public.
FRUAD:
Fraud is defined as the crime of deceiving somebody
in order to get money or goods illegally. Oxford Advanced Leaner‟s
Dictionary.
FUNDS:
This is seen as an amount of money that has saved or has been available for a particular purpose.
FINANCIAL STATEMENT:
This
is a record or books kept in an organization stating all the financial
or monetary transactions of the organization. It is usually prepared
within one year by the organizations accountant.
ACOUNTANT:
A
person whose job is to prepare records or check financial account and
also apply his professional competence or knowledge and still in
presenting accounting information tp assist management decision making.
PIVATE SECTOR:
This
is owned or managed by an individual person or an independent company
rather than the state. Oxford advanced learners dictionary.
REFERENCE
Adenyi, A.A (2010): Auditing and Assurance Services, Lagos: valve
Analysis Consult.
Akuezutio, E.O. (1993): Researcher Methodology and Statistic. Akwa Ibom: nuel center (nig) Publishers.
Oxford Advanced Learners Dictionary.
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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---
