Nigeria Commence and Industry are passing through a period of economic recession, they are struggling to maintain satisfactory earnings in a situation where cost are raising and some industrialist complained that price increase are becoming more and more difficult to obtain even at less proportionate degree with cost. Foreign and domestic competition as well government effort to prevent further inflation put serious resistance and additional increase. In addition to those are government (both... read more

Globally the role of auditing is being appreciated for its avowed operations and activities. Ihe and Umeaka(2006:370) defined auditing “as a process carried out by suitably qualified auditors during which the accounting records and the financial statements of an organization are subjected to examination by an independent auditor with the main objective of expressing an opinion in accordance with the relevant terms of appointmentpurpose” they also noted that the objectives of auditing were gr... read more

The research work “The impact of Financial Accounting Reporting on the corporate performance of Business Organizations”, basically aims at ascertaining how financial accounting reporting has helped in advancing the objectives of corporate organizations. In the process, it investigated the effected that financial accounting bear on the performance of a business. Furthermore, if sought to ascertain the compliance of relevant statues by corporate organizations and the overall satisfaction of st... read more

The Nigeria public sector consist of three separate level of government whose status, powers ad relationship are defined and guaranteed by the constitution. They are the federal government, the state government and the local government. Local government as the third tier of government play a very vi tal role in the development process of any country. It has a lot of responsibilities in terms of provision of social welfare service to the people... read more

The end product of financial reporting is the preparation and publication of financial statement. A substantial number of alternative postulate, principle assumption and method adopted by a reporting entity in the preparation of financial statement can significantly affect its result of operation and understanding the interpretation of financial reporting in financial statement. The financial statement prepared by the accountants is based on convention that is derived from printable reports a... read more

Every organization both profit or non-profit organization has its objectives and goals in mind to achieve. For the non-profit making organization, their goal is to satisfy the social need of the citizens and in the effort to achieve these purposes supervision more often than not play a vital role. The size and scope of these organizations have sometimes made it hard for the executors to exercise personal and first hand supervision of operation. It is in this light that internal control establ... read more

Fraud is not a recent phenomenon associated to some highly-publicized cases. It can be found early in the history of our world as men have made use of tricks, manipulation, and deceit in order to acquire money, land, goods, or trust, with the overall objective of making profit. The creation of accounting and audit are connected in economic history with the desire, especially on the part of the state and the church, to contain and prevent stealing and misrepresentation in their finances. Trace... read more

Insurance accounting as relates to insurance company is a distinct and specialized account that is always referred to as “specialized Accounting” just like taxation is a specialized area. Though it employees the general accounting principles, concepts and conventions, there in need for a clear understanding of its preparations. In the days of “T- forms” presentation of financial statements an insurance company account could be easily recognized form the sides of the “T” to which inc... read more

Conflict of interest and auditor’s independence are two concepts that must be considered properly in this project work. If there is any way auditors’ conflict of interest affects his independence. To start with auditor’s conflict of interest according to Andrew (2004) is a setting where an auditor trade off the influence and been biased of his report. There are two types of conflicts of interest in this regard. They are conflict where auditor earns reward from a third party between form... read more

Auditing and corporate governance as a good tool or form of control in organizations, are gaining more recognition in Nigeria today, due to the fact that organizations are striving to achieve their vision and mission. Auditing and corporate governance has become action of control, that is been employed in organization and gaining more recognition due to the fact that organization are striving to achieve their vision and mission as well as maximizing shareholders’ funds. This cannot how... read more

Corporate governance has been recognized and receiving a lot of attention in recent times. Corporate governance is not a new issue and has evolved with the growth of capitalist and the development of world economics. Corporate governance is concerned with overall polices, control, laws and numbs by which a corporation is directed, administered, control for the general interest of the shareholders. It aimed at understanding the dynamics or system put in place for the main objective to achievin... read more

The trend and the volume are increasing on a daily basis and all levels of the society are involved. The rich, the poor, the young and the elderly, the male and female all are neck deep in fraud and fraud related activities that say a lot about our moral and family situations. From the politicians to the bank directors/executives, from the legal officers to the law enforcement personnel, from the civil servants to the school teacher, from the trader in the market to the hawkers on the street, th... read more

Historically, Forensic Accounting is certainly not a new field, research findings have shown that the profession has been in existence a long-time ago. For example, in ancient Egypt, the officers in charge of Pharaoh’s grains, gold and other asset were called the “eyes, and ears’ of pharaohs’. Criminally, in Nigeria, ‘corruption and other financial and economic crimes is the base of Nigerian development efforts. Corruption bestrides the lives of the citizen. The judgment of transpar... read more

Section 335(l) of the Companies and Allied Matters Act CAMA 1990 as amended stipulates that the preparation of financial statement, shall comply with the accounting standards’ issued from time to time by the Nigeria Accounting Standard Board. Financial statements are described as the end product of accounting transactions or economic events aimed at providing qualitative and quantitative financial information to evaluate and predict the performance of an organization to permit informed judg... read more

Auditing and corporate governance as a good tool or form of control in organizations, are gaining more recognition in Nigeria today, due to the fact that organizations are striving to achieve their vision and mission. The company and Allied Matter Act 1990 (as amended) has made it compulsory for an audit report by an independent auditor to be presented alongside the financial statement of companies which are presented during their Annual General Meetings (AGM). According to the auditing stand... read more

The word non-profit making organizations explained that the organizations are not established for the purpose of making profits. Non-profit making organizations such as clubs, societies, charitable organizations and social organizations are established basically for the purpose of promoting the welfare and activities of the members and not for profit motive unlike business enterprise. This organization normally has founders, presidents, some executives and members. The formation of the non-p... read more

Government at all levels in Nigeria have in recent times emphasized on the diversification of the economy through the promotion of small and medium scale enterprises. The importance of small and medium scale enterprises to the economic development of any country whether developed or developing cannot be over-emphasized. They are the driving forces of economic and industrial development. To a large extent, small and medium scale enterprises play significant role in improving the living standa... read more

THE ROLE OF EXTERNAL AUDITORS IN FRAUD DETECTION (A CASE STUDY OF UNION BANK OF NIGERIA PLC. ENUGU BRANCH)

Banks plays crucial roles in the process of economic development by mobilizing funds from the surplus spending units into the economy, and by on. Lending such funds to the deficit spending units fro investment, banks increase I the process. The quantum of national savings and investments through an appropriate investments multiplier, the volume of goods and services produced in an economy increases overtimes as a result of the investment projects embarked upon through banks funds. ... read more

There is need for acceptable accountability of the money spent by various government establishments. This has resulted in federal government establishment of Audit Department in both the federal and state governments as provided. The duty of the Audit department is to report on the accounts stewardship rendered by the public officer section 118 subsection 2 of the 1979 constitution provides that the public accounts of a state and officers courts and authorities of the state includin... read more