LAW CONCEPT AND IMPLICATIONS (A CASE STUDY OF FIRST BANK NIGERIA PLC. OKPARA AVENUE, ENUGU STATE)
TABLE OF CONTENTS
TITLE PAGE I
CERTIFICATION II
DEDICATION III
ACKNOWLEDGEMENT IV
ABSTRACT V
LIST OF TABLES VI
TABLE OF CONTENTS VII
CHAPTER ONE
1.0 INTRODUCTION 1
1.1 BACKGROUND OF STUDY 1-2
1.2 HISTORY OF CASE STUDY 2-6
1.3 STATEMENT OF THE PROBLEM 6
1.4 OBJECTIVES OF STUDY 6
1.5 STATEMENT OF HYPOTHESIS 7
1.6 SIGNIFICANCE OF THE STUDY 8-9
1.7 SCOPE AND DELIMITATION OF THE STUDY 8
1.8 DEFINITION OF SOME RELEVANT TERMS 9
REFERENCES 11
CHAPTER TWO
2.0 LITERATURE REVIEW 12
2.1 HISTORICAL BACKGROUND OF AUDITING 12-13
2.2 GENERAL AUDITING 12-14
2.3 DEFINITION OF AUDIT 14-15
2.4 TYPES OF AUDIT 15-16
2.5 WHO IS AN AUDITOR 16
2.6 THE GENERAL VIEW OF AUDITING 16-19
2.7 AUDITING THEORY 19
2.8 IMPORTANCE OF AUDITING TO THE COMPANY. 19-20
2.9 APPOINTMENT OF AUDITORS 20-21
2.9.1 REMUNERATION OF AUDITORS 22
2.9.2 REMOVAL OF AUDITORS 22-24
2.9.3 ENGAGEMENT LETTER 24
2.9.4 PURPOSE OF ENGAGEMENT LETTER 24
2.9.5 PRINCIPAL CONTENTS OF ENGAGEMENT LETTER 25
2.9.6 DUTIES AND RIGHTS OF AUDITORS 25-27
2.9.7 RIGHTS OF AUDITORS 27-28
2.9.8 RESIGNATION OF AUDITORS 28-29
2.9.9 SECTION 360 FURTHER PROVIDES THAT 29-30
2.10 AUDITORS LIABILITY 30-33
2.11 IMPLICATIONS OF THE LAW ON AUDITORS 33
2.11.1 POSITIVE IMPLICATIONS 33
2.11.2 NEGATIVE IMPLICATIONS 33-34
2.12 ACCOUNTING RECORDS 34
2.13 RESEASONABLE STANDARD OF CARE AND
SKILL IN CARRYING OUT HIS DUTIES 35-36
2.14 THE ROLE OF AUDITORS INA CORPORATE
ORGANISATION 36-37
2.15 WAYS IN WHICH THE LIABILITIES OF
AUDITORS CAN BE LIMITED 37-40
2.16 ICAN RULES TO GUARANTEE
INDEPENDENCE OF AUDITORS 41-42
2.17 CAMA 1990 TO GUARANTEE INDEPENDENCE 42
2.18 INVESTIGATIONS 42
2.18.1 STAGES AND PROCEDURES OF
AN INVESTIGATION 43-49
2.19 ACCOUNTING AND AUDITING STANDARDS 49-50
2.19.1 ACCOUNTING STANDARD 50
2.19.2 THE RELEVANCE OF ACCOUNTING
STANDARDS TO AUDITING 50
2.19.3 ADVANTAGES OF ACCOUNTING STANDARD 51
2.19.4 DISADVANTAGE OF ACCOUNTING STANDARD 51
2.20 AUDITING STANDARD AND GUIDELINES 52
2.20.1 STATEMENT OF AUDITING STANDARDS 52-53
REFERENCES 54
CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODLOGY 55
3.1 INTRODUCTION 56
3.2 SOURCESOFDATA 56
3.2.1 PRIMARY SOURCES OF DATA COLLECTION 56
3.2.2 SECONDARY SOURCES OF DATA COLLECTION 57
3.3 THE POPULATION OF STUDY 57
3.4 SAMPLE SIZE AND SAMPLING TECHNIQUE 58
3.4.1 SAMPLE SIZE 58
3.4.2 SAMPLE TECHNIQUE 58
3.5 METHODS OF DATA COLLECTION 59
3.6 PROCEDURES FOR PROCESSING COLLECTED DATA 59
CHAPTER FOUR
4.0 PRESENTATION AND ANALYSIS OF DATA 60
4.1 A BRIEF INTRODUCTION OF THE CHAPTER 60
4.2 GROUP RETURNS, RESPONDENTS,
CHARACTERISTICS AND CLASSIFICATION. 60
4.3 PRESENTATION AND ANALYSIS
OF RESEARCH QUESTIONS 61-66 4.4 TEST OF HYPOTHESIS 66-68
REFERENCES 69
CHAPTER FIVE
5.0 SUMMARY, CONCLUSION, AND
RECOMMENDATION 70
5.1 SUMMARY 70
5.2 CONCLUSION 70-71
5.3 RECOMMENDATIONS 71-72
BIBLIOGRAPHY 73
APPENDIX I 74
APPENDIX II 75-78
