AUDITING AS AN INSTRUMENT FOR ORGANIZATIONAL SUCCESS

  • Type: Project
  • Department: Accounting
  • Project ID: ACC1173
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 45 Pages
  • Format: Microsoft Word
  • Views: 1.2K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

AUDITING AS AN INSTRUMENT FOR ORGANIZATIONAL SUCCESS (A CASE STUDY OF ANAMCO LTD. ENUGU)

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 realization 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 organizational 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 CONTENT

Title Page                                                                i      

Approval Page                                                         ii

Dedication                                                               iii    

Acknowledgement                                                   iv    

Abstract                                                                 v     

Table of Content                                                     ix                                                                                            

CHAPTER      ONE

1.0 Introduction                                                      1     

1.1 Statement of Problem                                               

1.2 Objectives  of the Study    

1.3 Research questions                                  

1.4 Significance of the Study                                  

1.5 Scope of the Study                                            

1.6 Limitation of the Study                                    

1.7 Definition of Terms                                                    7

CHAPTER TWO

2.0 Definition of Auditing                                               8

2.1 Objective of Auditing                                                11

2.2 Types of Auditing                                                      11

2.3 Reliance of Internal Auditing to

External Auditors

2.4 Auditing as a measure for Controlling Fraud         

2.5 The Future of Auditing                                             22

2.6 Auditors Liability                                                      23

2.7 Audit Report                                                             30

CHAPTER THREE

3.0 Research Design and Methodology                           33

3.1 Selection of population                                            

3.2 Sample Used                                                             33

3.3 Method of Investigation                                            34

3.4 Techniques of data collection                                   35

CHAPTER FOUR

4.0 Data Presentation and Analysis                              

4.1 Questions, Presentation and Analysis                    

4.2 Test of Hypothesis                                                    49

      CHAPTER FIVE

5.0 Summary of Findings, Conclusion

and Recommendations

5.1 Summary of Findings                                               52

5.2 Conclusion                                                                55

5.3 Recommendations                                                    56

5.4 Suggestion for further study                                    57

Bibliography                                                  

Appendix (Questionnaire)                                      

CHAPTER ONE

1.0INTRODUCTION

       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 mechanized 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 organization, 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.

AUDITING AS AN INSTRUMENT FOR ORGANIZATIONAL SUCCESS
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC1173
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 45 Pages
  • Format: Microsoft Word
  • Views: 1.2K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC1173
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 45 Pages
    Format Microsoft Word

    Related Works

    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... Continue Reading
    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... Continue Reading
    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... Continue Reading
    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... Continue Reading
    A BSTRACT This study was to examine and find out the role of auditing on management’s control success with a particular reference to the Department of Audit, Ministry of Finance, Uyo, Akwa Ibom State. To achieve this objective, four research questions and three research hypotheses were formulated to guide the researcher study. The data collected... Continue Reading
    ABSTRACT The study was carried out essentially to find out the place of internal auditing as on instrument of effective management, taking IMT, Enugu as a case study. It looked into the extent the internal audit has faired in this role, the definitions and objectives of internal audit. Four research question were analyzed to establish the... Continue Reading
    ABSTRACT The study was carried out essentially to find out the place of internal auditing as on instrument of effective management, taking IMT, Enugu as a case study. It looked into the extent the internal audit has faired in this role, the definitions and objectives of internal audit. Four research question were analyzed to establish the... Continue Reading
    ABSTRACT The  study was carried out essentially to find   out  the place of  internal  auditing  as  on instrument of effective  management, taking IMT, Enugu  as a case  study. It looked into the extent the internal audit  has  faired in this  role, the definitions and objectives of  internal audit. Four  research question were... Continue Reading
    ABSTRACT The  study was carried out essentially to find   out  the place of  internal  auditing  as  on instrument of effective  management, taking IMT, Enugu  as a case  study. It looked into the extent the internal audit  has  faired in this  role, the definitions and objectives of  internal audit. Four  research question were... Continue Reading
    ABSTRACT This study was carried out with the aim of appraising the impact of cashflow policy to an organizational success. In order to actualize the objectives of the study, various literature and theoretical issues were discussed. The instrument used for the purpose of this research was... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us