Effect of misrepresentation of information in a financial statement Department:Accountancy By: vick123 Project ID: 218 Rating: (3.1) votes: 368 Price:₦1000 Get the Complete MaterialAbstractThis research work was undertaken to find the effects of misrepresentation of information in the financial statement of a business entity. Poor or lack of qualitative financial statement analysis could lead to low investment returns, low profitability and even inability to identify viable investment opportunities. The main objective of this project is, therefore, to determine factors that induce the act of misrepresenting the information in the financial statement and to avert the problems highlighted above. Primary and secondary data are employed to broaden the scope of this study. Primary data are sourced from questionnaire responses. This provided data for the validation of the hypotheses tested with the use of chi-square (X2). The test revealed as follows: That misrepresentation detection/prevention of information in the financial statement is the sole responsibility of the auditors. Therefore, all the appointment employees and staff of the bank should help and contribute in order to reduce the act of misrepresentation. From the result of the findings, it was established and discovered that both the internal control system of the bank (maintenance of financial statement, preparation of cash balance with the book of accounts and auditors relationship have some efficiency/efficiencies. It was also established that the presentation of true information in the financial statement helps to enhance effective management control systems in the organization. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )