AN APPRAISAL OF AUDITORS INDEPENDENCE IN PRIVATE SECTOR

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ABSTRACT

The type of audit primarily concerned with throughout this project work is an examination of a company’s financial statements by a firm of independent public accountants. The audit consists of a searching investigation of the accounting records and other evidence supporting those financial statements.

Through the study and evaluation of the company’s system of internal control, and by inspection of document, observation of assets, making of inquiries within and outside the company., and by other auditing procedure the auditor will gather the evidence necessary to determine whether the financial statements provide a fair and reasonably complete picture of the company’s financial position and its activities during the period being audited.

The examination conducted by the independent auditor provide the basis for the audit report. Never do auditor express an opinion on the fairness of financial statements without first performing an audit.

The evidence gathered by the auditors during an examination will prove the assets listed in the Balance sheet really exit, that the company has title to these assets, have been established in conforming with generally accepted accounting principles. Similarly, the auditor will gather evidence about the income statement.

TABLE OF CONTENTS

Title page (i)

Approval page (ii)

Dedication (iii)

Acknowledgement (iv)

Abstract (v)

Table of content (vi)

1.0 Chapter one: introduction

1.1 Purpose of the study

1.2 Significance of the study

1.3 Scope and limitation of study

1.4 Definition of terms.

CHAPTER TWO

2.0 The background of (auditing) public accounting profession.

2.1 Concepts of auditors independence

2.2 The professional ethnics and auditing standards.

2.3 The effect of management advisory service on auditors independence.

2.4 Impediments of auditor independent in private sectors.

3.0 CHAPTER THREE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

3.1 Summaries of findings

3.2 Conclusions

3.3 Recommendation.

Bibliography.

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AN APPRAISAL OF AUDITORS INDEPENDENCE IN PRIVATE SECTOR

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