Auditors' Liability and Creative Accounting in Nigeria

OLAYEMI A . E.; ADEOSUN O. A.

OLAYEMI A . E. Bamidele Olumilua University of Education, Science and Technology, Ikere Ekiti.
ADEOSUN O. A. Bamidele Olumilua University of Education, Science and Technology, Ikere Ekiti.

Keywords: Auditors’ liability, Creative accounting, Financial Statements

Abstract

The study examined auditors' liability and creative accounting in Nigeria. It specifically sought to ascertain relationship between auditor ethical judgments and liability to users of financial statement in Nigeria; determine the relationship between auditor’s opinion on creative accounting and liability to uses of financial statements. The study adopted both primary and secondary sources of data. Purposive sampling technique was used to select five biggest audit firms and four medium sized audit firms in Nigeria. The results showed that there is no significant relationship between auditors' ethical judgments and their liability to users of financial statements among other findings and that these may pose liability to both the auditors and users of financial statements. Furthermore, results of the relationship between auditors' opinion on creative accounting and their liability to users of financial statements in Nigeria showed that there is statistical significant relationship between auditor opinion on creative accounting and their liability to users of financial statements.

Author Biographies

OLAYEMI A . E., Bamidele Olumilua University of Education, Science and Technology, Ikere Ekiti.

Department of Management Science,

ADEOSUN O. A., Bamidele Olumilua University of Education, Science and Technology, Ikere Ekiti.

Department of Management Science,

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