AN EVALUATION OF THE EFFECTS AND BENEFIT OF EXTERNAL AUDIT ON NIGERIA BANKING SECTOR

Format: MS WORD | Chapter: 1-5 | Pages: 81 | 954 Users found this project useful | Price NGN5,000

AN EVALUATION OF THE EFFECTS AND BENEFIT OF EXTERNAL AUDIT ON NIGERIA BANKING SECTOR

ABSTRACT

This study appraises the effects of external auditing in the growth banking business in Nigeria with special emphasis on his relevance to deposit mobilization. Data were collected through oral interviews, library research and the questionnaire. Respondents were chosen through stratified random sampling and data were analysed using the Chisquare and Z-test. Findings of the study indicate that external auditors contribute significantly to the growth of the deposits as their assurance functions and reports encourage the depositors and other stakeholders to grow their deposits in the banking sector. However, any report that is negative usually triggers off panic among depositors. The paper recommends that auditors should maintain a high degree of independence to guarantee quality assurance that could provide the much needed protection of depositors' funds and other stakeholders' interest in the banking sector.

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Project information

Project Price

NGN5,000
Number of Pages

81
Number of Chapters

1-5
Additional Content

Abstract and Table of Contents

AN EVALUATION OF THE EFFECTS AND BENEFIT OF EXTERNAL AUDIT ON NIGERIA BANKING SECTOR

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