RELEVANCE AND CREDIBILITY OF AUDIT REPORT IN PUBLIC SECTOR ORGANIZATIONS IN NIGERIA.
Audit report is indeed very relevant to public sector organizations. As such, its credibility is highly needed. When an audit report losses these two qualities; relevance and credibility, it looses its worth and can no longer be relied upon. The study is oriented towards identifying set objectives for audit report and the implementation of the objective directed towards the growth and operational efficiency of the organization. Audit report should be designed to comply with the statutory requirements of audit and of the organization concerned. Both primary and secondary data were collected from the University of Nigeria Teaching Hospital Ituku/ozalla, National Orthopaedic Hospital and the Power Holding Company of Nigeria Plc Enugu Zonal Office. Tables and percentages were used to analyze and interpret the collected data. However, findings from hypothesis testing show that the relevance and credibility of audit report is never in doubt and that audit report when relevant and credible, helps in checking fraud and other irregularities in the organization. However, there exist some lapses on the part of the management which the researcher has made some recommendations for improvement. Other measures that can aid credibility to an audit report were also recommended. In summary, the researcher do not claim to have carried out an exhaustive study on the subject matter, hence, she has put up some suggestions for further study.
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