-
The Roles Of Auditor In Promoting Effeciency In Nigeria Banks
[A CASE STUDY OF UNITED BANK FOR AFRICA]
CHAPTER ONE -- [Total Page(s) 2]
Page 2 of 2
-
-
-
1.7 SIGNIFICANT OF THE STUDY
Since the inception of Obasanjo’s Administration in 1999, a lot of questions was erupted as regards to the performance of commercial banks in Nigeria in relations to the role played by the auditors, this will make this research work of more benefit to any willing individual that wish to know how efficient and effective the work of an auditor is and their impact to the economic growth and development.
This research word is also significant for shareholders who are willing to invest in one bank or the other (it serves as a guideline to investment).
Finally, this research work is significant for the government in order to know the appropriate measures to be taken in formulating plans and policies for the financial institutions in Nigeria.
1.8 DEFINITIONS OF OPERATIONAL TERMS
(1) FINANCIAL STATEMENT: - These are part of a company annual report, the purpose of which is to communicate information about the company to those who are eligible to it,
(2) MANAGEMENT: - This involves all those people that engage in the efficient running of the firm. They are the one who perform the stewardship function in an organization.
(3) FRAUD: - This is a deception, deliberately practiced in order to secure unfair or unlawful gain. In other words, it is the intentional misrepresentation of financial information by one or more individual among the management, employees or third parties of an organization.
(4) AUDITEE: - an individual, firm or an organization that is being audited.
(5) SHAREHOLDERS: - they are the rightful owners of the company which resources are contributed together towards the running of the business.
CHAPTER ONE -- [Total Page(s) 2]
Page 2 of 2
-
