EVALUATION OF AUDIT WORKING PAPERS AS A TOOL FOR EFFECTIVE STATUTORY AUDITING (A STUDY OF SELECTED FIRMS IN ABIA STATE)

OKEUHIE AMARACID THERESA MOUAU/07/11128 | 65 pages (11402 words) | Projects

ABSTRACT

This study centers on Evaluation  of audit working papers as a tool for effective statutory auditing. The project investigated the major aim and objective, to find out if the auditing firms use working papers and to find out if audit working papers are utilized and value, the relationship between their working papers in use and how effective audit working papers can be to a statutory auditing. Data for the research work were collected using primary and secondary data.  Method use for this study.is  questionnaire  personal  interview,  physical  observation  after  the  hypotheses testing. The researcher find out that the use of audit working papers improves the quality of audit report.  The population  of the study are 62 workers,  a selected auditing firm with the application of taro yamans, a sample size of 54 was arrived at the following findings were made, that third part cannot be g ·anted  access to audit working paper. The proper use of audit working papers impi  oves the quality of audit report.  Consequently, the following recommendations were made in the study which  includes:  maximum  attention  should  be  given to  the  process  of gathering information for preparation of account to be audited. There should be a constant review of updating the ways in which audit working papers are handled in the audit firms in order to reflects current trends. 


TABLE  OF CO~TENTS

 page

 B.Sc.  research  project evaluation  form

Certification

  Declaration

Dedication 

Acknowledgement 

Table of contents

 List of tables

Abstract

 

CHAPTER ONE

1.2 INTRODUCTION

Background  of the  Study

Statement  of Problem

1.3 Objectives  of the Study 3

1.4. Research  Questions 4

1.5 Research  Hypothesis 4

1.6 Limitations  of the Study 5

1.7 Definitions  of Terms 5



CHAPTERTWO.

LITERATUREREVIEW                                                        8 

2.1 Concepts of Audit Working  Papers                                                   8 

2.2       Importance  of Working  Papers                                                           10

2.3      Responsibilities   of Audit Organization                                              1   l

2.4      Performance  Audit                                                                               12

2.5.2 Nature and Content of Audit Working Papers 15

2.5   Quality Control                                                                              13

2.5.1  Purpose of Maintaining Audit Working Papers                            13. 

2.5.3 Forms of Audit Working Papers

2.5.3.lThe  Permanent File 18

2.5.3.2 The Current File 19

2.5.4 FieldWork Standard 21

2.5.5 Essentials of Good Audit Working Papers 26

2.5.6 Standardization of Audit Working Papers 27

2.5.7 Auditor's Lien 28

2.5.8 Legal Support for Audit Working Papers 29

2.5.9 Audit WorkingPapers  and Auditor's  Liability 30

2.5.10 Audit working paper format 31

2.5.11  Specific standards for each audit working paper 32


CHAPTERTHREE

RESEARCHMETHODOLOGY                                                       35

   INTRODUCTION                                                                       35

3.1   Research Design                                                                            35

3.2   Area of Stud. y.                                                                                 35

3.3    Population of the Study                                                                 36

3.4    Sample and Sampling Technique                                                  36

3.5   Sample Size Determination                                                           36

3.6     Methods of Data Collection                                                           37·

3.7  Methods of Data Analysis                                                             37


CHAPTER  FOUR

PRESENTATION   AND ANALYSIS OF DATA

Prelude

4.1      Presentation  of Data

4.2     Testing of Hypotheses


CHAPTER  FIVE

SUMMARY, CONCLUSION  AND RECOMMENDATION             47

5.1      Summary  of Findings                                                                          47

5.2      Conclusion                                                                                             47

5.3     Recommendation                                                                           48


REFERENCeS                                                                                         49                                                                                       

APPENDIx

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APA

OKEUHIE, M (2020). EVALUATION OF AUDIT WORKING PAPERS AS A TOOL FOR EFFECTIVE STATUTORY AUDITING (A STUDY OF SELECTED FIRMS IN ABIA STATE). Repository.mouau.edu.ng: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-audit-working-papers-as-a-tool-for-effective-statutory-auditing-a-study-of-selected-firms-in-abia-state

MLA 8th

MOUAU/07/11128, OKEUHIE. "EVALUATION OF AUDIT WORKING PAPERS AS A TOOL FOR EFFECTIVE STATUTORY AUDITING (A STUDY OF SELECTED FIRMS IN ABIA STATE)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 31 Mar. 2020, https://repository.mouau.edu.ng/work/view/evaluation-of-audit-working-papers-as-a-tool-for-effective-statutory-auditing-a-study-of-selected-firms-in-abia-state. Accessed 23 Dec. 2024.

MLA7

MOUAU/07/11128, OKEUHIE. "EVALUATION OF AUDIT WORKING PAPERS AS A TOOL FOR EFFECTIVE STATUTORY AUDITING (A STUDY OF SELECTED FIRMS IN ABIA STATE)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 31 Mar. 2020. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-audit-working-papers-as-a-tool-for-effective-statutory-auditing-a-study-of-selected-firms-in-abia-state >.

Chicago

MOUAU/07/11128, OKEUHIE. "EVALUATION OF AUDIT WORKING PAPERS AS A TOOL FOR EFFECTIVE STATUTORY AUDITING (A STUDY OF SELECTED FIRMS IN ABIA STATE)" Repository.mouau.edu.ng (2020). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-audit-working-papers-as-a-tool-for-effective-statutory-auditing-a-study-of-selected-firms-in-abia-state

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