“Effect OfAuditing On Financial Performance OfAn Organization (A Study Of First Bank Of Nigeria Plc):- Onwuchekwa Bill C
ABSTRACT
The study investigated the effect of auditing
on financial performance of an organization. The major objectives of the study
were; to determine the effect of auditing on fraud detection, prevention and
control, to examine tire effect of auditing on accountability of an
organization and to determine the effect of auditing on reliability of
financial statement. To achieve the objectives ofthe study, survey research
design method was adopted. The researcher adopted primary data in getting the
required information. In testing the hypotheses, simple regression was used.
The findings revealed that auditing has a significant effect on fraud
detection, prevention and control. The findings further revealed that auditing
has a significant effect on accountability of an organization. The researcher
recommends that banks should consult auditors to audit their financial
statement for proper management and investment decision. The study also recommends
that independent auditors should demonstrate skill, care and competence in the
discharge of their responsibilities, stakeholders expect auditors to perform
beyond their statutory7 responsibilities due to their own perception. This
scenario can be corrected through insurance of engagement letter that defines
the auditor’s responsibilities
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ONWUCHEKWA, C (2024). “Effect OfAuditing On Financial Performance OfAn Organization (A Study Of First Bank Of Nigeria Plc):- Onwuchekwa Bill C. Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/effect-ofauditing-on-financial-performance-ofan-organization-a-study-of-first-bank-of-nigeria-plc-onwuchekwa-bill-c-7-2
CHINYERE, ONWUCHEKWA. "“Effect OfAuditing On Financial Performance OfAn Organization (A Study Of First Bank Of Nigeria Plc):- Onwuchekwa Bill C" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 02 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-ofauditing-on-financial-performance-ofan-organization-a-study-of-first-bank-of-nigeria-plc-onwuchekwa-bill-c-7-2. Accessed 23 Nov. 2024.
CHINYERE, ONWUCHEKWA. "“Effect OfAuditing On Financial Performance OfAn Organization (A Study Of First Bank Of Nigeria Plc):- Onwuchekwa Bill C". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 02 Aug. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-ofauditing-on-financial-performance-ofan-organization-a-study-of-first-bank-of-nigeria-plc-onwuchekwa-bill-c-7-2 >.
CHINYERE, ONWUCHEKWA. "“Effect OfAuditing On Financial Performance OfAn Organization (A Study Of First Bank Of Nigeria Plc):- Onwuchekwa Bill C" Repository.mouau.edu.ng (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-ofauditing-on-financial-performance-ofan-organization-a-study-of-first-bank-of-nigeria-plc-onwuchekwa-bill-c-7-2