ABSTRACT
Efficiency in auditing provides means of appraising company’s performance and diagnosing its ills and weakness.
The researcher conducted a critical study on this topic with the intention of finding out the extent to which the company Nigeria breweries plc. Aba has carried out efficiently appraised and highlighted deficiencies and inefficiencies which are usually believed as not existing and whether the company Nigeria breweries plc, Aba is as efficient as it should be.
The researcher also carried out a study t find out the causes of low company performance and how best to eradicate this annually by applying efficiency in auditing process.
This research work is broken into five chapters. The first chapter gives the general introduction and discussions of the background of the study, statement of the study, objectives of the study, significance of the study, hypothesis testing, scope and definition of terms.
Chapter three deals with research design and methodology. Chapter four deals with data analysis. Chapter five deals with findings, recommendation and conclusion.
The researcher used oral and written data library research which formed part of the secondary data. Based on the above facts, the researcher formulated test hypothesis making use of null hypothesis the company auditing process is not efficient.
Alternative hypothesis-H1. The company’s auditing process is efficient. Lastly attempt made on how best Nigerian breweries plc should be improved by applying efficiency in auditing process by carrying out the following objectives.
General analysis of the company.
Reviewing and appraising the soundness, adequacy and application of accounting and other operational control.
Ascertaining policies, plans and procedures of auditing by the company.
TABLE OF CONTENTS
Title page II
Certification page III
Dedication IV
Acknowledgement V
Abstract VII
CHAPTER ONE
Introduction 1
1.1 Background of the study 1
1.2 Statement of the study 2
1.3 Objectives of the study 2
1.4 Significance of the study 3
1.5 Hypothesis testing 4
1.6 Scope and limitations of the study 4
1.7 Definition of terms 5
CHAPTER TWO
Literature review 8
2.1 historical background of auditing 8
2.2 Historical background of Nigerian breweries plc, Aba purpose of auditing 11
2.3 Purpose of auditing 14
2.4 Selection of auditors 15
2.5 Audit of management 16
2.6 Collection and evaluation of evidence 17
2.7 Evaluation of internal control system 22
2.8 Planning for an auditors 36
2.9 Internal auditors importance 37
2.10 Procedure for efficiency in auditing 39
2.11 Reliance on other auditors 40
2.12 Role of auditing in companies 41
2.13 Preparation of audit report 42
2.14 Reference note 44
CHAPTER THREE
Research and Methodology 45
3.1 Sources of data 45
3.2 Interview question 45
3.3 Methods of investigation 46
3.4 Limitation of the study 48
CHAPTER FOUR
Data analysis 51
4.1 Summary of data analysis 78
CHAPTER FIVE
Findings, recommendation and conclusion 81
5.1 Findings 81
5.2 Recommendation 82
5.3 Conclusion 85
