Uploaded By






The concept of misrepresentation of information in the financial statement tends to examine those items that can alter the financial affairs of on the financial concern (or an entity), audited by an auditor based on the financial statement presented by the manager on the basis of true and fair view. The establishment or introduction of the joint stock company increased the supply of capital for commerce and industry. It was therefore, necessary for the owners of the company obviously known as shareholders to delegate some of their numbers to act as Board of Directors (BOD) to take care of daily activities of the business concern.


The joint stock company act of 1844 in Britain was the first legislation, which requires that all incorporated companies or business should have the result of their daily activities known as the financial statement to be examined by an auditor. Later developments required that the auditor must be independent of his client, and be professionally qualified to enable him (the auditor) express a qualified opinion on the financial statement without bias.

Bank: GTBank
Account Name: Prince Orafu
Account Number: 0109980866

Bank: Diamond Bank
Account Name: Prince Orafu
Account Number: 0065070861

Download Project