THE ROLE OF A STATUTORY AUDITOR IN CONTROLLING FRAUD IN GOVERNMENT OWNED ESTABLISHMENT

This topic that is being treated (the role of a statutory auditors in controlling fraud in government owned establishments) is very important to our present economic condition if people will blend with the results and findings of this term paper. In the chapters of this project, it is clear that an auditor is very important in all government establishment. This is because the Nigerian citizens, see government properties as nobody’s property. The auditor is just an impartial critic and observer. He is a “watch dog” and not a “bloodhound”. He displays all the skills and care which is expected from him as a professional. The view of the auditors about the topic were also examined. The role of a statutory auditors in controlling fraud is a vast topic which has been dealt by many professionals in different fields and vocations. He work of an auditor is backed up with the provisions of the company and allied matters decree (CAMD) 1990. This means that the auditor has legal rules to follow in carrying out his work. It is compulsory for all government establishment under the provision of the (CAMD) 1990 or the state/edit of creation to audit their accounts and other financial year. In summary, the role of auditors is vital and indispensable in government-owned establishment so as to imbibe sanity and fairness in the operations of the government official and subordinates.