Audit Standards and Performance of Auditors’: Evidence From Nigerian Banking Industry
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The study address the issue of auditors’
performance and audit standards in Nigerian Banking
Sector and the understanding of issues surrounding the
way and manner that Nigerian auditors’ carry out their
work. As a result of issuing qualified audit report in the
Nigeria financial institutions, billions of naira has been
lost by many bank owners and customers due to the
negligence of the auditors’. Therefore, the aim of this
study is to assess the influence that audit standards has on
performance of auditors’ in the Nigerian banking sector.
The study uses both primary data in form of
questionnaires and secondary source of data, previous
articles and journals where reviewed on audit standards
and auditors performance. The findings used pearson
correlation to show the relationship between audit
standard and auditors’ performance. The study brought
to the limelight the positive relationship that exists
between audit standards in general and auditors
performance in the Nigerian banking industry. Also,
there are so many critics to the International Auditing
Standards. The study therefore recommends more
clarifications and interpretations to this standards to help
improve the performance of auditors
Keywords
HF5601 Accounting