Enhancing Public Confidence in Auditing Report of Internal Revenue Services: A Discourse

Abstract

The potentials of auditing report in decision making and organizational policy
formulation cannot be underestimated. Therefore to ensure the effectiveness of these reports, public confidence factors must be adequately considered. The primary aim of this study was to discuss possible measures for the enhancement of public confidence in auditing report of Internal Revenue Service: A case of Akwa Ibom State Internal Revenue Service. Cross-sectional approach was utilized to examine the secondary data. It was gathered that public confidence about the auditing report can be enhanced by reinforcing management of audit firms; allowing access to the easy assessment of audit quality from the viewpoints of third parties; enhancement of information regarding content of audit; ensuring absolute independence of audit firms; and improvisation of structural mechanisms to effectively outline or allow total access to auditing firms for accurate organizational performance and financial positions. Other measures are ensuring proficiency and reputation of the auditors in interpreting organizational changes and situation promote public confidence in auditing report and establishment of audit committee within the key stakeholders in the service. These will ensure effective monitoring role to assure the quality of auditing reporting and corporate accountability