THE IMPACT OF REGULAR AUDIT TO THE VIABILITY AND ORGANIZATIONAL EFFECTIVENESS OF COMMERCIAL BANKS IN NIGERIA (A STUDY OF FIRST BANKS, UGHELLI)

This is a research work that is carried on auditor independence and it’s impact in audit report. A case study of some selected firms in Ughelli. The study explains what audit is all about. Stating clearly that it is written report about the accuracy and reliability of a client by a qualified auditor which is presented to the management in form of financial statement. Base on this report the auditors then goes on the express his opinion on whether the financial statement of the organization shows a true and fair view during the verification of financial statement of an organization. The importance of auditing in the financial statement of an organization, the area to be covered in the study which is restricted to First Bank, Ughelli in particular, the source of information which involves the use of questionnaires and time limit given to complete the study. The study concludes that auditing helps in the efficient management of every business and to their growth and organizational effectiveness. If therefore recommended that commercial bank should retain the service of external auditors.