Thesis Abstract

Abstract
Efficient auditing plays a crucial role in enhancing companies' performances by ensuring transparency, accountability, and compliance with regulations. This research project aims to investigate the impact of auditing efficiency on companies' performances across various industries. The study will utilize a mixed-methods approach, incorporating both quantitative analysis of financial data and qualitative assessments of auditing practices. The quantitative analysis will focus on examining the financial indicators of companies with efficient auditing processes compared to those with less efficient practices. Key performance metrics such as profitability, liquidity, and solvency will be evaluated to determine the correlation between auditing efficiency and overall business success. Additionally, regression analysis will be conducted to identify any significant relationships between auditing quality and financial performance. Complementing the quantitative analysis, qualitative assessments will involve interviews with auditing professionals, company executives, and regulatory authorities to gain insights into the factors influencing auditing efficiency. By exploring the challenges faced by auditors, the effectiveness of current auditing standards, and the impact of technological advancements on auditing practices, this research seeks to provide a comprehensive understanding of the dynamics shaping auditing efficiency. Furthermore, the project will examine the role of auditing in promoting corporate governance and investor confidence. Effective auditing practices can enhance transparency and accountability within organizations, leading to better decision-making and risk management. By maintaining accurate financial records and ensuring compliance with laws and regulations, auditors contribute to building trust among stakeholders and fostering a culture of integrity and ethical behavior. Overall, this research project aims to contribute to the existing body of knowledge on auditing efficiency and its impact on companies' performances. By identifying best practices and challenges in auditing processes, this study seeks to provide valuable insights for companies, auditors, regulators, and policymakers to improve auditing standards and practices. Ultimately, enhancing auditing efficiency can lead to improved financial reporting, better risk management, and increased trust in the corporate sector, benefiting both companies and their stakeholders.

Thesis Overview

1.0 INTRODUCTION

Company performance is very important if such a company want to achieve its purpose of starting its business without positive impact of any organization, it means that the way of achieving the objectives when the business has commenced will be a difficult situation for that organization. It is obvious that the performances of companies sis not unto expectation. That is why the researcher wants to know the impact auditing create in improving companies performances.
Since companies have been encountering some problems like fraud, misappropriation of funds and properties, lack of effective management and others that made people to be asking whether auditing plays any significant role towards ensuring efficiency and judicious use of funds set aside for various purposes.
Some activities and programmes organized by people as re- assumed to be done on behalf of the people. They are deserved to be assured that eh resources which they put at the disposal of these programmes are effectively, efficiently and economically managed since it is known that not all are judicious in public affairs entrusted to them.
Therefore, for proper and efficient accountability, it is obvious that auditors will manifest their principles to be able to arrive at what is expected of them in order to be convinced that the financial position of the organization as presented show a clear and fair view of the organization.
Consequently, because of biased nature of the organization as a result of poor investigation of the organization position, past rulers have pledged to introduce a more responsible system of government with accountability but their subsequent conduct has shown that they have little or no understanding definition and application of efficiency in the improvement of companies performances.
Auditing which is regarded as one of the recently established professions turn out of the complexity of modern business world. It becomes relevant so as to discourage people from erring and to expose those that gave wrong account of how they managed the funds and properties under their custody. The account or report is usually done by means of financial statement. In order to verify the true and fair view of this report an independent person is needed to audit the account.