Appointment And Dismissal Of Auditors: Implication On auditors Professional Independence (A Study Of Some Selected Audit Firms In Owerri):- Ukariwe Godwin K
ABSTRACT
This study soughts to identity the determinants
of auditor’s independence in selected audit firms in Owerri and determines the
.policy implications of lack of auditor’s independence as well. The data from
the research was primary and collected via questionnaire from the selected
audit firms in Owerri. The questionnaire responses were analyzed using the
percentage method. The hypothesis was tested using correlation method .The
study revealed that there's needfor audit of managements in Nigeria.; there is
objectivity in the appointment of the external auditor for the audit of
managements in Nigeria and the independence oj the auditor has a significant
impact on the accountability disposition oj managements in Nigeria. It was also
found that provision ofother services by the auditor as well as non-rotation
ofauditors are some ofthe strong factors, which may negatively impact on the
auditor’s independence and objectivity. It was recommended (hat the
remuneration of the auditor should be determined by office ofthe
Auditor-General for the federation rathef*than by the Head ofmanagements being
audited. In addition, more powers!statutory backing! should be given to the
external auditor in order to free him from influence or intimidation by the
client while the auditor should avoid non-audit services and shouldn 7 be in
the audit ofthe clientforlonger thanfouryears
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UKARIWE, K (2024). Appointment And Dismissal Of Auditors: Implication On auditors Professional Independence (A Study Of Some Selected Audit Firms In Owerri):- Ukariwe Godwin K. Repository.mouau.edu.ng: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/appointment-and-dismissal-of-auditors-implication-on-auditors-professional-independence-a-study-of-some-selected-audit-firms-in-owerri-ukariwe-godwin-k-7-2
KALU, UKARIWE. "Appointment And Dismissal Of Auditors: Implication On auditors Professional Independence (A Study Of Some Selected Audit Firms In Owerri):- Ukariwe Godwin K" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 21 Aug. 2024, https://repository.mouau.edu.ng/work/view/appointment-and-dismissal-of-auditors-implication-on-auditors-professional-independence-a-study-of-some-selected-audit-firms-in-owerri-ukariwe-godwin-k-7-2. Accessed 24 Nov. 2024.
KALU, UKARIWE. "Appointment And Dismissal Of Auditors: Implication On auditors Professional Independence (A Study Of Some Selected Audit Firms In Owerri):- Ukariwe Godwin K". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 21 Aug. 2024. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/appointment-and-dismissal-of-auditors-implication-on-auditors-professional-independence-a-study-of-some-selected-audit-firms-in-owerri-ukariwe-godwin-k-7-2 >.
KALU, UKARIWE. "Appointment And Dismissal Of Auditors: Implication On auditors Professional Independence (A Study Of Some Selected Audit Firms In Owerri):- Ukariwe Godwin K" Repository.mouau.edu.ng (2024). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/appointment-and-dismissal-of-auditors-implication-on-auditors-professional-independence-a-study-of-some-selected-audit-firms-in-owerri-ukariwe-godwin-k-7-2