AUDIT PROFICIENCY AND AUDIT SUCCESS

Abstract

The topic of Audit Proficiency and Audit Success has always been of interest within the academic and regulatory field. Financial performance requires appropriate audit proficiency and audit success to enhance efficiency and give assurance of good performance to organisation. Hence, Audit proficiency is very important for every Organization to attain efficient and effective management of the resources. For the purpose of this study the researcher sought to determine the effect of audit flexibility and audit function on audit success as well as the impact of audit environment and audit function on audit proficiency in Nigeria. The researcher administered a survey questionnaire to each member of the target population since it was the most appropriate tool to gather information. Quantitative analysis and regression analysis were used as data analysis technique. The study revealed that there was greater variation in audit proficiency and audit success due to changes in audit environments, audit continuity, audit function, and audit flexibility; this shows that changes in audit proficiency and audit success could be accounted for by changes in audit environments, audit continuity, audit function, and audit flexibility. The study also established that there was a strong positive relationship between audit proficiency and audit success as well as audit environments, audit continuity, audit function, and audit flexibility. The study concluded that audit proficiency and audit success of an organization have features built into them to ensure that fraudulent transactions are flagged or made difficult to transact.