THE ROLE OF THE PUBLIC ACCOUNTANT IN THE FORMATION, ACQUISITION AND LIQUIDATION OF COMPANIES

The accountants the business and the economy are inseparable. They are mostly needed in resolving various conflicting investment decision, initiating and co-ordinating meaning of economic development and growth. In Nigeria, this function has largely been restricted to the reporting role, book-keeping accounting and auditing. This research project is thus a search part for what the role of the accountant, has been and what it should be in enhancing economic development in the area of company formation and profitable business acquisition. Moreover in this period of high business mortality rate, what the role of the accountant in corporate rescuer should be. Chapter one of the study lays a theoretical framework for subsequent chapters. Following the general introduction, the problem statement and the objective of the study which provided basis for the significance of the study and the hypothesis were stated. The limitation of this study were also highlighted. In the literature review as contained in chapter two, works of various authors, international and local journals were reviewed to elicit views on the roles and relevance of the account in business and economic development. Chapter three, research methodology, description of population and sampling procedure for data collection were discussed. Methods of questionnaire design, determination of sampling sige and questionnaire distribution were also highlighted. Chapter four was based on analysis of data collected. This? Chapter was sub-divided into data analysis, hypothesis testing and summary. Percentage table, figure and narration were carefully employed for proper understanding and testing of hypothesis. Finally, chapter five was divided into summary of findings, recommendation and conclusion. Recommendation for resolving various conflicting issues bordering on the accountant and his role problems were drawn based on findings which were discussed.