Suchergebnisse

Purpose: The perceived ineffectiveness of applicable regulations at its best promotes susceptibility of statutory auditors to compromise independence. Unlike most of the existing studies, this study investigated auditor independence regulations in Nigeria with a view to appraising their effectiveness in promoting independence of audit practitioners. -- Design/methodology/approach: Survey research design was employed to enable collection of relevant data from relevant practitioners using structured questionnaire. Descriptive method, Relative Importance/Significance Index (RII) and Mean Index Score (MIS) were employed for ranking and assessment of auditor independence regulations according to their effectiveness using a five-point Likert. -- Findings: Results revealed that the most effective auditor independence regulation as perceived by the experts was restriction on advertising with Relative Importance Index (RII) and Mean Index Score (MIS) of 0.82 and 4.08 respectively. Independent review by peers (RII = 0.68, MIS = 3.40) and rotation of audit partners (RII = 0.67, MIS = 3.37) were considered to be ineffective among others. -- Originality/value: Being the first known study on audit regulation effectiveness in the country, the study provided valuable insights for urgent intervention by relevant regulators to enforce compliance with applicable audit regulations in the interest of investors. ; peer-reviewed

SummaryCultural heritage legislation and management commenced in Nigeria seventy years ago. Nonetheless, the Nigerian commission for museums and monuments remains a marginal institution without adequate resources to manage and protect the country's cultural heritage. The consolidating legislation of 1979 was hurriedly enacted and has many defects. The sanctions and protective measures enshrined in the Act are now hopelessly inadequate. In short, the legislation is in need of urgent revision and re-enactment. The cultural heritage managers need to evince a greater commitment and a higher sense of probity than hitherto in order to have a comprehensive cultural heritage management programme for the country. Cultural heritage management in Nigeria today is neither well organized nor co-ordinated. The authorities must appreciate that cultural heritage management has an ideological basis, which is sustaining the cultural identity of a people.

Aims: The main purpose of the study was to access the challenges the government financial system in Nigeria has undergone in the recent times and with the aim of proposing a model that could be used to implement continuous auditing by the Public Sector Audit Organizations. Study design: Adoption of existing model and survey using questionnaires. Place and Duration of Study: Nigeria, 2014.Methodology: The existing continuous auditing models were studied and the integrated Continuous Auditing, Monitoring and Assurance Conceptual Model was adopted for use. The model was tested using data collected using questionnaires. Data was collected from 100 auditors in the Public Sector Audit Organizations. The Audit Command Language software (a Computer Aided Audit Tool) and a database system of a government ministry were used to demonstrate how data can be obtained directly from a client system.Results: The study found the need for training in the skills necessary for continuous auditing and the acquisition of Information and Communication Technology resources and infrastructure were necessary in realizing continuous auditing. Conclusion: The Integrated Continuous Auditing, Monitoring and Assurance Conceptual Mode would offer a good starting point in the implementation of continuous auditing by the Public Sector Audit Organization.

The study examined The need for forensic auditing in public sector fraud Reduction in Nigerian public sector. To achieve this objective, data was collected from secondary source which include press reports, report of Economic and Financial Crime Commission EFCC , Report of Independent and Corrupt Practices Commission ICPC and Report from investigation committees. Two hypotheses were tested with the use of simple regression analysis. The results revealed that there is a significant relationship between forensic audit and fraud reduction also, that an increase in Forensic Audit significantly leads to a decrease in the occurrence of fraud cases in Nigerian public sector. On the basis of this finding, the study concludes that the services of Professional Forensic Auditors are needed to help reduce the occurrence of fraud in Nigerian public sector. Consequently, the study suggests among others that the Federal Government of Nigeria should adopt the services of professional forensic auditors to help reduce the occurrence of fraud in Nigerian public sector. Ekwe, Michael. C. | Azubike J. U. B. | Odogu, Laime Isaac "Forensic Auditing and Public Sector Fraud Detection in Rivers State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-1 , December 2019, URL: https://www.ijtsrd.com/papers/ijtsrd28122.pdf

This paper presents a simple framework for analyzing a hierarchical system of judicial auditing. We concentrate on (what we perceive to be) the two principal reasons that courts and/or legislatures tend to scrutinize the decisions of lower echelon actors: imprecision and ideological bias. In comparing these two reasons, we illustrate how each may yield systematically distinct auditing and reversal behaviors. While auditing for imprecision tends to bring about evenhanded review/reversal, auditing for political bias tends to be contingent on the first mover's chosen action. Examples of these tendencies can be found in a number of legal applications, including administrative law, constitutional law, and interpretive theories of jurisprudence. Our analysis also suggests that political "diversity" among initial decision makers (in addition to its other laudable goals) may be an important and generally underappreciated means for economizing on judicial administrative costs.

This paper presents a simple framework for analyzing a hierarchical system of judicial auditing. We concentrate on (what we perceive to be) the two principal reasons that courts and/or legislatures tend to scrutinize the decisions of lower-echelon actors: imprecision and ideological bias. In comparing these two reasons, we illustrate how each may yield systematically distinct auditing and reversal behaviors. While auditing for imprecision tends to bring about even-handed review/reversal, auditing for political bias tends to be significantly more one-sided. Examples of these tendencies can be found in a number of legal applications, including administrative law, constitutional law, and interpretive theories of jurisprudence. Moreover, our analysis suggests that political "diversity" among initial decision-makers (in addition to its other laudable goals) may be an important and generally underappreciated means for economizing on judicial administrative costs and easing the workload burdens on upper-echelon actors.

Nigeria's current mental health legislation stems from a lunacy ordinance enacted in 1916 that assumed the status of a law in 1958. The most recent attempt to reform the law was with an unsuccessful Mental Health Bill in 2003. Currently, though, efforts are being made to represent it as an executive Bill sponsored by the Federal Ministry of Health. The present paper reviews this Bill, in particular in light of the World Health Organization's recommendations on mental health legislation.