THE ROLE OF PUBLIC ACCOUNTS IN THE FORMATION, ACQUISITION AND LIQUIDATION OF A COMPANY
ABSTRACT
The public accountant the business and economy are inseparable. They are needed for various business decision and advice on better investments. On formation of accompany the public accountant is needed to prepare the memorandum of association and ensure that the company and allied matte Decree 1990 is strictly adhered to. More so, on acquisition of a company, the public accountant plays an indispensable role in order to ensure that only profitable business are acquired by prospective buyers. He does this by looking into the financial records of the company and making sure that no fraud debt is hided by the seller of the company. In liquidation of a company the public also has a hand in it. In a situation where he fails to discover a fraud or financial misappropriation by the management of the company. The company as a result of that may go into liquidation.The problem of inscerity, instability in the economy and inflation rate in the country is among the problem encountered by the public accountant in Nigeria
TABLE OF CONTENT
CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
STATEMENT OF PROBLEMS
OBJECTIVE OF THE STUDY
SIGNIFICANT OF THE STUDY
SCOPE AND LIMITATION OF THE STUDY
DEFINITION OF TERMS
CHAPTER TWO
2.0REVIEW OF RELATED LITERATURE
DEFINITION OF ACCOUNTANCY
MEANING OF PUBLIC ACCOUNTANT
ROLE OF PUBLIC ACCOUNTANT IN THE FORMATION OF COMPANIES
MEANING OF FORMATION ACQUISITION AND LIQUIDATION OF COMPANIES
CHAPTER THREE
3.0 SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
FINDINGS
CONCLUSION
RECOMMENDATION
BIBLIOGRAPHY
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
All over the world the accountant is expected to assume a leading role in the economic, especially in the field of company formation, substance and development. The question of expertise should be seen as the most critical role of the accountant here, for available evidence tends to relegate the popular nation of capital inadequacy in developing counties including Nigeria, as a major constraint to corporate formation and growth. These development functions of the financial experts are of then more important than the provision of capital.
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