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Appointment And Removal Of Auditors: Implications On Professional Independence (A Study Of Selected Audit Firms In Owerri)

NWAEZE UGOCIIUKWU RICHARD | 59 pages (10505 words) | Projects
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Accounting
ABSTRACT
There are a number of relationships that exist between the auditor and his client
and for which a number of arguments have been stirred. One of such areas is the
appointment and dismissal of auditors by management. Though the law
stipulates that auditors be appointed by shareholders, in practice, this is not
always the case. The design for this study is a survey design, the method of data
collection involved the use of a well-structured questionnaire, the population of
the study consists of all auditors working in selected auditing firms in Owen,
Imo state, Nigeria. A simple random sampling technique was used in selecting
five audit firms and a sample size of 45 from the population of 51. Content
validity and surface validity was carried out by my supervisor and the
instrument was analyzed using descriptive statistic and simple regression. The
researcher discovered that appointment and dismissal of auditors have no
significant effect on their professional independence, that the board of directors
appoints auditors in practice and auditors are not threatened by management to
loose their job if they fail to cover fraud in a firm. Consequently, the researcher
recommended that the power to appoint auditors should be vested in the hands
of the shareholders alone.
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APA

NWAEZE, R (2021). Appointment And Removal Of Auditors: Implications On Professional Independence (A Study Of Selected Audit Firms In Owerri). Repository.mouau.edu.ng: Retrieved Apr 21, 2025, from https://repository.mouau.edu.ng/work/view/appointment-and-removal-of-auditors-implications-on-professional-independence-a-study-of-selected-audit-firms-in-owerri-7-2

MLA 8th

RICHARD, NWAEZE. "Appointment And Removal Of Auditors: Implications On Professional Independence (A Study Of Selected Audit Firms In Owerri)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 07 Jun. 2021, https://repository.mouau.edu.ng/work/view/appointment-and-removal-of-auditors-implications-on-professional-independence-a-study-of-selected-audit-firms-in-owerri-7-2. Accessed 21 Apr. 2025.

MLA7

RICHARD, NWAEZE. "Appointment And Removal Of Auditors: Implications On Professional Independence (A Study Of Selected Audit Firms In Owerri)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 07 Jun. 2021. Web. 21 Apr. 2025. < https://repository.mouau.edu.ng/work/view/appointment-and-removal-of-auditors-implications-on-professional-independence-a-study-of-selected-audit-firms-in-owerri-7-2 >.

Chicago

RICHARD, NWAEZE. "Appointment And Removal Of Auditors: Implications On Professional Independence (A Study Of Selected Audit Firms In Owerri)" Repository.mouau.edu.ng (2021). Accessed 21 Apr. 2025. https://repository.mouau.edu.ng/work/view/appointment-and-removal-of-auditors-implications-on-professional-independence-a-study-of-selected-audit-firms-in-owerri-7-2

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