RESEARCH TOPIC: AUDITING ON THE PERFORMANCE OF FIRMS IN NIGERIA
NAME: IJASANMI PHILIP TIMILEYIN
COURSE TITLE: RESEARCH METHODOLOGY
COURSE CODE: MBA 632
LECTURER: PROF. ADETAYO
DEPARTMENT OF MANAGEMENT AND ACCOUNTING
FACULTY OF ADMINISTRATION
OBAFEMI AWOLOWO UNIVERSITY
ILE IFE , OSUN STATE.
OCTOBER 2012
Proposal table of content 1.1 Background to the study 1.2 State of the problem 1.3 Research questions 1.4 Objective of the study 1.5 Hypothesis 1.6 Significance of the study 1.7 Scope of the study 1.8 Limitation of the study 1.9 Operational definition of terms 1.10 Theoretical and literature review 1.11 Methodology
1.1 BACKGROUND TO THE STUDY
Auditing is the independent examination of the financial statement of organization with a view to expressing an opinion as to whether these statements give a true and fair view and comply with the relevant statutes. This opinion is expressed in the form of a report. To be able to carryout a meaningful examination of the affairs of an organization as appear in its records. Since most records of organizations are a summary of the transactions for a specified period, the auditor also goes behind these validity of the recorded transaction by performing various tests to ascertain their validity. This has a great impact on the profitability, accountability and performance of the firm in Nigeria.
Hence, the process of auditing will involve three distinct procedures which are: 1. Ascertaining the validity of the original documents 2. Confirming the completeness and accuracy of the recording of these transactions and 3. Ensuring that the financial statements have been prepared from and are in agreement with the records.
From all the illustrations above , the auditor is expected to express an opinion. In doing this, the auditor is expected to exercise care, skill and diligence. This is necessary in order to satisfy him that