EFFICIENT AUDIT OF FINAL ACCOUNTS AND THE FORMATION OF AUDITOR OPINION,

 
CHAPTER ONE
1.0 INTRODUCTION          
The practice of public accountability can be traced back to ancient time. In ancient grace all local officers a servant were required to reader accounts for receipts and expenses to their masters. During the nineteen century, industry enterprise was greatly expended and the evolution of the mechanized factories involved the provision of finance for in excess of that required by industry under the joint stock company form of business organization. The shareholders as a body delegated the  management of the undertaking to the board of directors and provincially, the board submits to the shareholder the accounts of the company in orders that the meneben to see the financial position and the profit and of the accounts.
Thus the need arise for some means by which the shareholder no body mighty be satisfied that the account presented to them by their board of directors, did show an objectives view of the financial position and result of the company. For this reason, Auditors were appointed to verity the account of the directors a companies, organizations and  to reports of the shareholders. All simply means an independent examination and evaluation of the authenticity and therefore the reliability of an organizations of the authenticity, and therefore the reliability of an organizations business elopements and records.
The auditor are required to prepare the financial statement of a company or organization. If it given a time and fair view of financial result for the year ended. The alert of final account through verification of their existences and valuation by auditor should therefore be capable of enabling the auditor to form a opinion on the financial statement is to the extend of their dependability and reliability.
1.1     STATEMENT OF THE PROBLEM
In any organization, human error is inevitable human our arises from error of inter operation, concerned and misunderstanding, there error can effect the presentation of accurate and reliable account. The auditor my be satisfied after completing his substantially cert, as to the authenticity of the transaction by which asset may  have been acquired, or liabilities  incurred but his examination this will not have proved the existence