The Effects of Audit Evidence on the Audit Report of Commercial Banks in Nigeria
Keywords:
Audit evidence, Auditor report, Audit opinion, Auditing standards.Abstract
 Purpose-The research paper evaluates audit evidence effects on the audit report of commercial banks within Nigeria.
Design/Methodology- Data for the study were obtained from primary sources (questionnaires). Data was gathered via questionnaires regarding the sufficiency, reliability and relevance of audit evidence in the commercial banks.
Findings- The research findings revealed that, audit evidence when looked at holistically have a major influence on audit report of commercial banks in Nigeria. However audit evidence when looked at individually do not have any significant effect on audit report of commercial banks in Nigeria.
Recommendations- The researcher then recommends that, study should be carry out on insurance companies and investment firms.Â
References
• Abdel-Kader, M. (2003): “Behavioral Aspects of Auditors’
evidence evaluation: A Belief Revision Perspectiveâ€, Ashgate Publishing Ltd, Gower
House, UK
• Adeniyi, A. A (2004). “Auditing and Investigationsâ€. Lagos: EL-TODA Ventures Limited.
• Al-Angari, H. (2006): “The Role of Auditor in Detecting the Fraudâ€, Working Paper,
the Role of Accounting Information in Stock Markets Conference, King Suod
University, Saudi Arabian
• Augustine O, Chijioke M, Lucky G. O and Kinglsey Kuegbe (2013) Impact of Audit Evidence on Auditor’s Report R Research Journal of Finance and Accounting, Vol.4, No.13, 2013
• Caster, P., and Pincus, V. (1996): “An Empirical Test of Bentham’s Theory of the
Persuasiveness of Evidenceâ€, Auditing: Journal of Practice and Theory, Vol. 15, pp 1-
• Crowther. D and R. Jatana (eds.) International dimensions of corporate social responsibility, Vol.1, pp 135-152.
• Goodwin, J. (1999): “The Effects of Source Integrity and Consistency of Evidence on
Auditors’ Judgmentsâ€, Auditing: A Journal of Practice and Theory, Vol. 18, No. 2, pp
-16
• Florea R.,†Contabilitate consolidată È™i auditul grupurilor de societățiâ€, Ed.
Tehnopress, Iași, 2010
• International Federation of Accountants [IFAC] (2010a): “2010 Handbook of
International Quality Control, Auditing, Review, Other Assurance, and Related
Services Pronouncementsâ€, New York: International Federation of Accountants [IFAC]
• International Federation of Accountants [IFAC] (2010b): ISA 700, “The Independent
Auditor’s Report on a Complete Set of General Purpose Financial Statementsâ€, New
York: International Federation of Accountants [IFAC]
• International Federation of Accountants [IFAC] (2010c): “Basis for Conclusions: ISA
, ‘Management Representations’â€, New York: International Federation of
Accountants [IFAC]
• International Federation of Accountants [IFAC] (2010d): ISA 330, ‘The Auditor’s
Responses to Assessed Risks’, New York: International Federation of Accountants
[IFAC]
• Janvrin, D. (2001): “The Mitigating Effect of Internal Control Effectiveness on the
Relationship between Source Objectivity, Evidence Set Size, and Evidence
Persuasivenessâ€, Working Paper, University of Iowa, USA.
• Lin. Z.J., Liu. M., & Z. Wang. (2009). Market Implications of the Audit Quality and Auditor
• Marris, D. (2010): “Challenges Obtaining Audit Evidenceâ€, Working Paper, Texas
Womans University, available at: http://ssrn.com/abstract=1590634
• Missah, H. (2008): “Gathering and Documenting Audit Evidenceâ€, Working Paper,
Strengthening Canadian Public Sector Governance, Accountability, Management and
Audit [CCAF-FCCI]
• Rose, J. (2003): “The Effects of Fraud Risk Assessments and a Risk
Analysis Decision Aid on Auditors’ Evaluation of Evidence and Judgmentâ€, A Journal
of Accounting Forum, Vol. 27, No. 3, pp 312-338.
• Salterio, S., and Koonce, L. (1997): “The Persuasiveness of Audit Evidence: The Case
of Accounting Policy Decisionsâ€, Accounting Organizations and Society, Vol. 22, No.
, pp 573-587
• Soltani, B. (2007): “Auditing: An International Approachâ€, Pearson Education Ltd.,
Downloads
Published
Issue
Section
License
- Papers must be submitted on the understanding that they have not been published elsewhere (except in the form of an abstract or as part of a published lecture, review, or thesis) and are not currently under consideration by another journal published by any other publisher.
- It is also the authors responsibility to ensure that the articles emanating from a particular source are submitted with the necessary approval.
- The authors warrant that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required.
- The authors ensure that all the references carefully and they are accurate in the text as well as in the list of references (and vice versa).
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
- The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.
