CRITICAL ANALYSIS OF THE IMPACT OF RELEVANCE OF AUDITORS IN THE MANAGEMENT OF BUSINESS ORGANIZATION

ABSTRACT

Auditors are referred to as the police of the accounting profession. In carrying out their function, it is expected that auditors should be independent and fair in their reports. It becomes expedient to ask, if auditors are independent and fair in their reports, why the massive failure of organizations particularly financial institution. The cross-sectional survey design was applied in the study. Questionnaire was the major instrument used for the study and was administered through the help of research assistants. The simple random technique was applied in selecting the respondents. The findings of the work are that the functions of the auditors are being jeopardized by selfish gains again; auditors are hooked by fear as perpetrated by the Sierra Leone political class. The research concluded that the functions of auditors are crucial for the survival of any organization but their independence and fairness in their reports are not guaranteed. We recommended among other things that there is need to form pre-auditor committee before sending the financial statement out, laws guiding the action of auditors are quite fundamental for the function of the auditors.

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