Home / Accounting / Checking distress in the nigerian banking sector the role of accountants and auditors

Checking distress in the nigerian banking sector the role of accountants and auditors

 

Table Of Contents


<p> </p><p>Approval page</p><p>Dedication</p><p>Acknowledgement</p><p>Proposal</p><p>Table of contents</p><p>

Chapter ONE

</p><p>1.0 &nbsp; &nbsp; Background to the study</p><p>1.1 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Introduction</p><p>1.2 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Statement of problem</p><p>1.3 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Objectives of the study</p><p>1.4 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Significance of the study</p><p>1.5 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Scope of the study</p><p>1.6 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Limitation of the study</p><p>1.7 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Definition of term</p><p>1.8 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Statement of hypothesis</p><p>

Chapter TWO

</p><p>2.0 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Literature review</p><p>2.1 &nbsp; &nbsp; Introduction</p><p>2.2 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Distress in the Nigerian banking sector</p><p>2.3 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Emergence of distress banks in Nigeria</p><p>2.4 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Implication of distress for the economy</p><p>2.5 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Causes of bank distress in Nigeria</p><p>2.6 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Who is an auditor</p><p>2.7 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;What is auditing</p><p>2.8 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The role of auditor in distress and failed banks</p><p>2.9 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The role of auditing/function of the external auditor</p><p>2.10 &nbsp; &nbsp; &nbsp; The duties of the accounting/auditor</p><p>2.11 &nbsp; &nbsp; &nbsp; Auditor liability in relation to distressed and failed bank</p><p>2.12 &nbsp; &nbsp; &nbsp; Letter to the management</p><p>

Chapter THREE

</p><p>3.0 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Research methodology</p><p>3.1 &nbsp; &nbsp; Area of study</p><p>1.2 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Research design</p><p>1.3 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Source of data and information</p><p>1.4 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Mode of data collection analysis</p><p>1.5 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Analysis of data</p><p>

Chapter FIVE

</p><p>4.0 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Presentation, analysis and interpretation of data</p><p>4.1 &nbsp; &nbsp; Data presentation</p><p>4.2 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Questionnaires administration and analysis of responses</p><p>4.3 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Test of hypothesis</p><p>

Chapter FIVE

</p><p>5.0 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Summary, conclusion and recommendation</p><p>5.1 &nbsp; &nbsp; Summary</p><p>5.2 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Conclusion</p><p>5.3 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Recommendations</p><p>Bibliography</p><p>Appendix</p> <br><p></p>

Thesis Abstract

<p> </p><p>The objective of this research work is to check the distress in the banking sectors, the duty of the accountants and auditors to make sure that it does not occur.</p><p>The method of research used is both primary and secondary that is, the primary method will be in-form of interviews and administration of questionnaires while secondary will be using literature etc.</p><p>The limitation to be faced while carrying out this project is lack of money, time and data constrain.</p><p>At the end of the research I believed that there will be a way to solve this issue of distress in the banking sectors</p> <br><p></p>

Thesis Overview

<p> </p><div><p><strong>BACKGROUND TO THE STUDY</strong></p><p><strong>1.1 INTRODUCTION</strong></p><p>Distress in the Nigerian banking sectors is a problem that bank has in this recent time. &nbsp;This seems as if the regulatory authorities appeared to be fighting a losing battle to sanitize the system.</p><p>Ebtiodaghe (1996) observed that banking distress occurs when customers were unable the loss of their deposits and consequent breakdown of their contractual obligation. &nbsp;The central bank fails to meet its capitalization requirements, has a weak deposit base and is afflicted by mismanagement. &nbsp;Aderiu (1997) said that distress in banks I based on the banks examination rating system with the word “CAMEL” that is C=capital adequate, A = Asset quality, Management competence, E = earning strength, L = Liquidity sufficiency. The above mentioned is the aggregate areas that really qualifies a bank to be branded “ healthy or sick”.</p><p>A bank is considered healthy by the CBN if it maintains six criteria for instance capital paid up capital, sound management i.e bank meeting up with CBN rules, satisfy customers and shareholders interest, minimum liquidity of 30% not less than 10% of its liquid assets to be in treasury bill and certificates. &nbsp;In a situation where a bank defaults in one or few of the above criteria and fails to rectify its default position within a month, it is indeed qualified to be classified as distressed.</p><p>Where banks is unable to service its fixed costs, meet it debts obligations to its stakeholders has a net cash greater than its capital and can no longer operate profitably, the bank is deemed to have failed. Thus a failed banks is a bank which is unable to meet its obligations to its stakeholders as at when due arising from weakness in its financial, operational and managerial conditions.</p><p>The failed bank decree also defined “failed bank” as a bank whose license has been taken over by the CBN. &nbsp;Due to the inability of the regulatory authorities to bring back some of these distressed bank which failed eventually, &nbsp;the only way left in order to sustain public confidence and stability of the system is to revoke their licensed put them on &nbsp;liquidation.</p><p>Regrettably this has been the fate of some distressed banks in the country. &nbsp;Almost 36 banks are on distress.</p></div><div><div></div></div><br> <br><p></p>

Blazingprojects Mobile App

📚 Over 50,000 Project Materials
📱 100% Offline: No internet needed
📝 Over 98 Departments
🔍 Project Journal Publishing
🎓 Undergraduate/Postgraduate
📥 Instant Whatsapp/Email Delivery

Blazingprojects App

Related Research

Accounting. 3 min read

Analysis of the Impact of International Financial Reporting Standards (IFRS) on Fina...

...

BP
Blazingprojects
Read more →
Accounting. 3 min read

Analyzing the Impact of Artificial Intelligence on Financial Reporting in the Accoun...

...

BP
Blazingprojects
Read more →
Accounting. 3 min read

Analyzing the Impact of Artificial Intelligence on Financial Statement Analysis in A...

...

BP
Blazingprojects
Read more →
Accounting. 2 min read

Analyzing the Impact of Blockchain Technology on Financial Reporting in the Accounti...

...

BP
Blazingprojects
Read more →
Accounting. 2 min read

Analysis of the Impact of Artificial Intelligence on Financial Reporting in Accounti...

...

BP
Blazingprojects
Read more →
Accounting. 2 min read

Exploring the impact of digital transformation on financial reporting in the account...

...

BP
Blazingprojects
Read more →
Accounting. 4 min read

An analysis of the impact of digital technologies on financial reporting practices i...

...

BP
Blazingprojects
Read more →
Accounting. 3 min read

Analysis of Financial Performance of Small and Medium Enterprises in the Retail Sect...

...

BP
Blazingprojects
Read more →
Accounting. 3 min read

Application of Artificial Intelligence in Fraud Detection in Accounting...

...

BP
Blazingprojects
Read more →
WhatsApp Click here to chat with us