THE ROLE OF AN ACCOUNTANT IN THE POVERTY ERADICATION PROGRAMME OF THE FEDERAL GOVERNMENT
THE ROLE OF AN ACCOUNTANT IN THE POVERTY ERADICATION PROGRAMME OF THE FEDERAL GOVERNMENT
October 16, 2017
THE EFFECT OF N25BILLION NAIRA MINIMUM CAPITAL BASE ON THE BANKING SECTOR IN NIGERIA
THE EFFECT OF N25BILLION NAIRA MINIMUM CAPITAL BASE ON THE BANKING SECTOR IN NIGERIA
October 16, 2017
Show all

AUDITING AS AN INSTRUMENT FOR ORGANISATIONAL SUCCESS

 3,000

SKU: ACCT00109 Category:

Contact Us

    08165312322, 08119982823
    08165312322

RESEARCH INFORMATION

: AUDITING AS AN INSTRUMENT FOR ORGANISATIONAL SUCCESS
: Chapter 1 – 5
: 35 Pages
: #3, 000
: Ms Word format

This study, AUDITING AS AN INSTRUMENT FOR ORGANISATIONAL SUCCESS contains concise information that will serve as a framework or guide for your project work. The project study is well-researched for academic purposes and are usually provided in complete chapters with adequate References.

Keywords: MARGINAL COSTING AS AN ESSENTIAL TOOL FOR DECISION MAKING IN A MANUFACTURING COMPANY


RESEARCH BODY

ABSTRACT

Auditing is continually changing and developing to meet the needs of the business environment it serves. The role of auditing towards organizational success have attracted comment on the front pages of national newspapers, rather than in just the financial pages have even led on occasion to question and statement in parliament. This coverage has not always been good news for the auditing profession, but it does indicate a heightened awareness in society of the potential importance of what auditors do. It also reflects the way in which auditing practice and the activities of audit firms have developed and expanded business especially Anamco Ltd. Enugu.While at one time auditing was generally regarded as a procedural activity involving the application of mechanical techniques, there is now greater realisation that both the purpose an the execution of an audit are far from simple matters.      In view of the above fact the study was designed to examine Auditing as an instrument for organisational success in Anamco Ltd. Enugu. In the course of the research oral interview and questionnaire were adopted as the main instruments for collecting data for the study. The data collected were tabulated, analyzed and interpreted. From the analysis some revelations were made. Base on the revelations some recommendations were made to eliminate or ameliorate Audit department of the corporation.

TABLE OF CONTENTS

 CHAPTER ONE      

1.0   Introduction

1.1   Statement of Problem

1.2   Purpose of the Study

1.3   Significance of the Study

1.4   Statement of Hypotheses

1.5   Scope of the Study

1.6   Limitation of the Study

1.7    Definition of Terms

 CHAPTER TWO

2.0   Definition of Auditing

2.1   Objective of Auditing

2.2   Types of Auditing

2.3   Reliance of Internal Auditing to External Auditors

2.4   Auditing as a measure for Controlling Fraud

2.5   The Future of Auditing

2.6   Auditors Liability

2.7   Audit Report

 CHAPTER THREE

5.0    Summary of Findings, Conclusion and Recommendations

5.1    Findings

5.2   Conclusion

5.3   Recommendations

Bibliography

Appendix (Questionnaire)

CHAPTER ONE

 INTRODUCTION

The practice of auditing in the primitive form can be traced back to ancient times where the receipts and payments of an estate or a manor were read to the head  or proprietor, or the Lord of a manor. The word auditing originated fr4om the Latin word Audire (meaning to hear). The business of this period was characterized by sole proprietorship.

But with industrial revolution, there was an increase in business transactions and there emerge partnership and joint stock companies. The evolution of mechanised industries involved the provision of finance far in excess of what it used to be. Business become more complex and required more formal and improved accountability.

Under the company form of organisation, the shareholders as a body delegated the management of the undertaking to a board of directors and periodically the board submitted to the shareholders accounts of the company in order that the members might be able to see a true and fair view of the financial position and the profit or loss of the undertaking in which they were interested.

Because of these circumstances the need arose for some means by which the shareholders as a body might be satisfied that the accounts, presented to them by their board of directors, did in fact show a true and fair view of the financial position and earnings of the company. It was for this reason therefore that the practice developed of appointing auditors whose duty it was to verify on behalf of the shareholders the accounts of the directors and to report there on to the shareholders.

Under the early British companies Acts, the auditors appointed were one or two of the shareholders of the company. As however, the chosen auditors commonly had insufficient technical qualifications, there were probably not able to carry out a very effective audit nor were there paid anything for the work they did although a later Act did provide for them to employ a clerk to do some work, whose remuneration should be provided by the company.

It was the British companies Act, 1900, which first made it legally compulsory for every company to appoint independent auditors, as we now know them, and provided for their remuneration. It was undoubtedly the rapid increase in the number of joint – stock companies that took place at this time, and the compulsory professional audit thus provided for in the companies Act, 1900, that gave the great impetus to the development of the accountancy profession. In Nigeria today the accounts of every company and the majority of partnerships are audited by professional accountants and in recent years the accountancy profession has expanded greatly in many other directions.

1.1      STATEMENT OF PROBLEM

This study entitled “Auditing as an instrument for organisational success” attempts to determine the importance of auditing to an organisational growth. It is also meant to discover the:

  •  Objective of Auditing
  • Types of auditing
  • Relevance of internal auditing to external auditors
  • Auditing as a means for fraud control
  • The future of auditing, Auditors liability and report.

1.2       PURPOSE OF THE STUDY

The objective of this study is to identify the need for every organisation to know the importance of auditing in an organisation.

The researcher also wish to put across how auditing enhances organisational success and growth.

1.3       SIGNIFICANCE OF THE STUDY

The significance of the study is to highlight the importance of auditing to the growth and success of a manufacturing company.

This study will also add to the advancement of knowledge in the field of auditing in an organisation. Future researcher in this areas will also benefit from the study.

1.4       STATEMENT OF HYPOTHESES

This study is required to test among other things the following:

Ho:      Internal auditing as a part of internal control system is not useful to external auditor.

Hi:       Internal auditing as a part of internal control system is useful to external auditor.

Ho:      Poor and inefficient internal control and Auditing does not encourage fraud.

Hi:       Poor and inefficient internal control and Auditing encourages fraud and mismanagement.

Ho:      Growth and survival of Anamco Ltd. does not depend on Auditing and internal control.

Hi:       Growth and survival of Anamco Ltd. depends on Auditing and internal control.

Ho:      Auditing and internal control does not contribute to the smooth implementation of management policies.

Ho:      Auditing and internal control contributes to the smooth implementation of management policies.

1.5       SCOPE OF THE STUDY

This study concentrates solely on a manufacturing company in Enugu state, with special reference to the Anambra Motor Manufacturing Company (ANAMCO) Enugu. The organisation undertakes business in motor manufacturing especially Mercedes Benze products. Particular attention will be paid to the methods and procedures employed by the accounting department in performing its duties.

1.7       DEFINITION OF TERMS

To ensure a proper understanding of what the study is all about some unfamiliar words to those who are not in the same field are explained as they appear in the project.

AUDIT – An independent examination of, and expression of an opinion on, the financial statements of an enterprise.

INTERNAL AUDIT – The act of ensuring that control measures set up by management are complied with.

Keywords: MARGINAL COSTING AS AN ESSENTIAL TOOL FOR DECISION MAKING IN A MANUFACTURING COMPANY




NOTE: INSTANT DOWNLOAD SERVICE

Have you made payment for this project? If YES, Get a Download Code by contacting our Customer Care.

If NO, Place an Order Now.

For further enquiries, call our Hotlines: (+234) 0816-531-2322, 0811-998-2823


PROJECT TOPICS AND MATERIALS | HIRE A WRITER | HOW TO PAY FOR PROJECT

Keywords: MARGINAL COSTING AS AN ESSENTIAL TOOL FOR DECISION MAKING IN A MANUFACTURING COMPANY

HOW DO I MAKE PAYMENT FOR THIS PROJECT





Not the topic you are looking for ? Search here


DISCLAIMER: myproject.com.ng focus on attracting students and researchers to materials that can be used as guide, framework, and reference for their project work. All contents/materials on this website are for research purposes only and for no reason should you copy verbatim. This platform is not encouraging any form of plagiarism, neither are we advocating the use of the project materials for cheating. We strictly recommend that research project topics and materials ordered for should serve as a guide or framework only. The contents therein should be used to generate fresh ideas for your own research. Finally, myproject.com.ng will not be liable for any material used inappropriately.