Effective Tax Management
A PROPOSAL ON:
EFFECTIVE TAX MANAGEMENT AND LOCAL GOVERNMENT REVENUE GENERATION
NAME: OKORO EMMANUEL
MATRIC NO.: P/HD/10/3610072
INSTITUTION: YABA COLLEGE OF TECHNOLOGY
FACULTY: MANAGEMENT AND BUSINESS STUDIES
DEPARTMENT: ACCOUNTING
SUPERVISOR: Dr. S. F. Akinbuli
1. Background to the Study
Who would invest in a company without reliable financial statements? Integrity is the hallmark of the accounting profession and stakeholders rely on their work product.
For a long time, there has been controversy over the role of the auditor with respect to the detection of fraud. There are different perceptions to the auditor’s duty regarding fraud.
In today’s technological age, fraud has become very complicated, and increasingly difficult to detect, especially when it is collusive in nature and committed by top management who are capable of concealing it. Consequently, auditors have argued that the detection of fraud should not be their responsibility rather the auditor sees his duty as the independent examination of, and expression of opinion on the financial statements of an enterprise by an appointed auditor in pursuance of that appointment and compliance with any relevant statutory obligation. However, the public including many business communities tend to see an auditor’s duty in terms of the detection and prevention of fraud.
Although, the most misunderstood and hence maligned aspect of the accounting functions is auditing as it is thought to be a fraud-preventing mechanism, and it produces a measure of the quality of health of corporate entities, the economic and social dislocations which the fore closure of corporate concern has caused and is exerting great negative pressures on the goodwill of the whole profession as the dividing line between the different areas of specialization in the discipline is now blurred. A little wonder, that the pages of the newspapers are daily filled with diverse views that tend to cast
EFFECTIVE TAX MANAGEMENT AND LOCAL GOVERNMENT REVENUE GENERATION
NAME: OKORO EMMANUEL
MATRIC NO.: P/HD/10/3610072
INSTITUTION: YABA COLLEGE OF TECHNOLOGY
FACULTY: MANAGEMENT AND BUSINESS STUDIES
DEPARTMENT: ACCOUNTING
SUPERVISOR: Dr. S. F. Akinbuli
1. Background to the Study
Who would invest in a company without reliable financial statements? Integrity is the hallmark of the accounting profession and stakeholders rely on their work product.
For a long time, there has been controversy over the role of the auditor with respect to the detection of fraud. There are different perceptions to the auditor’s duty regarding fraud.
In today’s technological age, fraud has become very complicated, and increasingly difficult to detect, especially when it is collusive in nature and committed by top management who are capable of concealing it. Consequently, auditors have argued that the detection of fraud should not be their responsibility rather the auditor sees his duty as the independent examination of, and expression of opinion on the financial statements of an enterprise by an appointed auditor in pursuance of that appointment and compliance with any relevant statutory obligation. However, the public including many business communities tend to see an auditor’s duty in terms of the detection and prevention of fraud.
Although, the most misunderstood and hence maligned aspect of the accounting functions is auditing as it is thought to be a fraud-preventing mechanism, and it produces a measure of the quality of health of corporate entities, the economic and social dislocations which the fore closure of corporate concern has caused and is exerting great negative pressures on the goodwill of the whole profession as the dividing line between the different areas of specialization in the discipline is now blurred. A little wonder, that the pages of the newspapers are daily filled with diverse views that tend to cast