The aim of this study is to appraise Audit report and their impact on the activities of the business organizations in Nigeria. To accomplish the above objective, this work looked into and investigated the roles auditors play in the review and examination of financial statement.

Audit report is the opinion expressed by an auditor on financial statements stating clearly whether such statements presents a true and fair position of the company. It is implied from the above that before such an opinion could be expressed, the auditor must have done an examination of the books of accounts.

TABLE OF CONTENTS

Title page

Approval page

Acknowledgement

Abstract

Table of contents

CHAPTER ONE:

1.0 Introduction

1.1 Background of study

1.2 Statement of problem

1.3 The purpose of the study

1.4 Significance of the study

1.5 Scope and Limitation of the study

1.6 Definition of terms

CHAPTER TWO:

2.0 Review of related literature

2.1 What is auditing

2.2 Nature of auditing

2.3 Independence of the auditors

2.4 Meaning of audit report

2.5 Basic contents of audit report

2.6 Purpose of the audit report

2.7 Format and presentation of the audit report

CHAPTER THREE:

3.0 Summary of finding, conclusion and recommendation

3.1 Discussion of findings

3.2 Conclusion

3.3 Recommendation

Bibliography

CHAPTER ONE

1.0 INTRODUCTION:

Most people at one time or other would hear of an audit and would also have general idea of what it is. Generally speaking, it is usually in the ancient time for great kind owner not to manage their own land but would appoint person called stewards to manage the land for them.

Nowadays, various social clubs, student union bodies, charitable organizations etc do provide in their constitutions, the election of union officers who collect and disburse the organizations money.

However, it is expected that shareholders who appointed directors to manage their business will be concerned with what happened to their business. The process whereby the managers of a business account or report to the owners of the business is called stewardship accounting.

1.1 BACKGROUND OF THE STUDY:

Although the objectives and concepts that guide present day audit were almost unknown in the yearly years of the 20^th century audit of one type or