ABSTRACT
This topic that is being treated (The role of a statutory auditor in controlling fraud in government owned establishments) is very important to our present economic condition if people will blend with the results and findings of this research work.
In the chapters of this project, it is clear that an auditor (statutory) is very important in all government establishments. This is because the Nigeria citizens see government properties as “Nobody’s property” the trend now is that they perpetrate fraud regularly with the above mentioned motive in the back of their minds.
The auditor is just an impartial critic and observer, he is a “watchdog” and not a “blood hound” He displays all the skills and care which is expected of him as a professional.
The view of other auditors about the topic were also examined. The role of a statutory auditors in controlling fraud is a vast topic which has been dealt with by many professionals in different fields and vocations. The work of a statutory auditor is backed up with the provisions of the company and allied matters decree (CAMD) 1990. This means that the auditor has legal rules to follow in carrying out his work. It is compulsory for all government establishments under the provision of the CAMD 1990 or the statute edit of creation to audit their accounts and other financial statement at the end of every financial year.
In summary, the role of a statutory auditor is vital and indispensable in government owned establishments so as to enable sanity and fairness in operations of the government officials and their subordinates.
TABLE OF CONTENTS
COVER PAGEI
TITLE PAGEII
CERTIFICATIONIII
DEDICATIONVI
ACKNOWLEDGMENTV
ABSTRACTVII
TABLE OF CONTENTVIII
CHAPTER ONE: INTRODUCTION
1.1Background of the study1
1.2Statement of problem5
1.3Objectives of the study6
1.4Significance of the study8
1.5Scope and limitation of the study10
CHAPTER TWO: LITERATURE REVIEW
2.1Origin of Auditing12
2.2Auditing defined 14
2.3Independence of Auditors16
2.4Who is an Auditor17
2.5Duties of an Auditor19
2.6Auditors report22
2.7Fraud error and irregularities defined26
2.8Prevention of fraud27
CHAPTER THREE: CONCLUSION AND RECOMMENDATION
3.1Summary of findings32
3.2Conclusion33
3.3Recommendation 34
Bibliography.38