EFFICIENT AUDITING OF ACCOUNTS OF PARASTATALS (A CASE STUDY OF NATIONAL EXAMINATION COUNCIL)
ABSTRACT
This study was carried out to investigate the means of efficient auditing of accounts of parastatals. (A case study of National Examination Council).
In the course of carrying out the study, it was identified that efficiency can be gained through:-
i. Through training and retaining of new staff into the department and reorientation of them
ii. Employment of modern techniques of auditing should not be overemphasis.
iii. Pectification of inadequacies in the mode of auditing should recommended
iv. Observation of the above points numerous of them will create an impact to numerous problems encountered in auditing of accounting of parastatals
The work is arranged in chapters:
Chapter 1 (1) is on the introduction of work
Chapter two (2) is on literature related to the write – if were reviewed.
Chapter three (30 is on research design and analysis
Chapter four (4) on analysis
Finally, in chapter five (5) some recommendation and conclusion given
TABLE OF CONTENTS
Title Page - - - - - - - - - ii
Approval Page - - - - - - - - iii
Dedication - - - - - - - - iv
Acknowledgement - - - - - - - v
Abstract - - - - - - - - - vi
Table Contents - - - - - - - - viii
CHAPTER ONE - - - - - - - 1
1.0 BACKGROUND OF THE STUDY - - - 1
1.1 Introduction - - - - - - - 1
1.2 Statement of Problem - - - - - 2
1.3 Objective of the Study - - - - - 3
1.4 Hypothesis - - - - - - - 3
1.5 Significance of the Study - - - - - 4
1.6 Scope of the Study - - - - - - 5
1.7 Limitation of the Study - - - - - 5
References - - - - - - - 6
CHAPTER TWO - - - - - - - 7
Review of Literature - - - - - - 7
2.1 Theoretical Review and Empirical Review - - 7
2.2 The Review of Term and Terminologies in Parastatals
Accountability - - - - - - - 8
2.3 Accountability and Auditing - - - - 9
2.4 Conceptual Frame Work - - - - - 9
2.5 Cash Accounting - - - - - - 10
2.6 Internal Audit and External Audit - - - 11
2.7 The Objectives of Internal Auditor - - - 11
2.8 The Advantages of internal Audit - - - 11
2.9 External Auditors - - - - - - 12
2.10 Compliance Audit and Efficiency Audit - - 12
2.11 Efficiency Audit - - - - - - - 14
2.12 The System Approach to Audit - - - - 14
2.13 Internal Control Questionnaire - - - - 15
2.14 Flow Charts - - - - - - - 16
2.15 Compliance Test - - - - - - 16
2.16 Substantive Test - - - - - - 16
2.17 Audit of Parastatals Corporation and General
Welfare Services - - - - - - 17
2.2.1 Empirical Review of related Literature - - - 18
Reference - - - - - - - - 28
CHAPTER THREE - - - - - - - 29
3.0 Research design and Methods - - - - 29
3.1 Research Design - - - - - - 29
3.2 Area of Study - - - - - - - 29
3.3 Population of Study - - - - - - 29
3.4 Sources of Data - - - - - - - 30
3.5 Sampling Method - - - - - - 30
3.6 Research Instrumentation - - - - - 31
3.7 Validity and Reliability of Research Instrumentation 32
3.8 Method of Investigation - - - - - 32
CHAPTER FOUR - - - - - - - 34
4.0 Presentation and Analysis of Data - - - 34
4.2 Test of Hypothesis - - - - - - 40
CHAPTER FIVE - - - - - - - 41
5.0 Summary of Findings and Conclusion and
Recommendation - - - - - - 41
5.1 Findings - - - - - - - - 41
5.2 Conclusion - - - - - - - 42
5.3 Recommendation - - - - - - 43
Bibliography - - - - - - - 45
Appendix - - - - - - - - 47
Questionnaire - - - - - - - 48
