EFFICIENT AUDIT OF FINAL ACCOUNTS AND THE FORMATION OF AUDITOR OPINION A SURVEY OF SELECTED AUDIT FIRM FRED OKONTA CO

ABSTRACT The efficient audit of final account and the formation of auditor opinion, a valued audit opinion state that the financial statement should give a true and view of the state of affairs of the company under review. Since audit permeate all aspect of every organization audit techniques have been developed to suit various management objectives like management audit, personal audit, cost audit, efficiency  audit etc. Furthermore development of business and other organization and the credence lent & financial statement  by users coupled with incessant fraud and defalcation  have warranted that techniques of audit should be mastered by accountants. Finally this project is to ascertain the basics use of auditors  Opinion in the financial statement of the true and view of the state of the affairs of the organization & detection of fraud and errors by auditors.     TABLE OF CONTENT Title pagei Approval pageii Dedicationiii Acknowledgement iv Abstractv Table of contentvi
CHAPTER ONE 1.0Introduction9 1.1Statement  of the Problem10 1.2Objective of the Study11 1.3Significance of the Study12 1.4Scope of the Research 13 1.5Limitation of the Research13
CHAPTER TWO 2.0Definition of Final Account15 2.1Composition of Final Account15 2.2Definition of An Audit23 2.3Audit Objective24 2.4Internal Control26 2.5Audit Working Paper29 2.6Financial Analysis32 2.7Detection of Fraud and Errors33
CHAPTER THREE 3.0Summary of Finding 36 3.1Conclusion37 3.2Recommendation39 Bibliography40