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
1.0BACKGROUND OF THE STUDY---1
1.1Introduction -------1
1.2Statement of Problem-----2
1.3Objective of the Study-----3
1.4Hypothesis-------3
1.5Significance of the Study-----4
1.6Scope of the Study------5
1.7Limitation of the Study -----5
References-------6
CHAPTER TWO-------7
Review of Literature------7
2.1Theoretical Review and Empirical Review --7
2.2The Review of Term and Terminologies in Parastatals
Accountability-------8
2.3Accountability and Auditing----9
2.4Conceptual Frame Work-----9
2.5Cash Accounting------10
2.6Internal Audit and External Audit---11
2.7The Objectives of Internal Auditor---11
2.8The Advantages of internal Audit---11
2.9External Auditors------12
2.10Compliance Audit and Efficiency Audit--12
2.11Efficiency Audit-------14
2.12The System Approach to Audit----14
2.13Internal Control Questionnaire----15
2.14Flow Charts-------16
2.15Compliance Test------16
2.16Substantive Test------16
2.17Audit of Parastatals Corporation and General
Welfare Services------17
2.2.1Empirical Review of related Literature ---18
Reference--------28
CHAPTER THREE-------29
3.0Research design and Methods----29
3.1Research Design------29
3.2Area of Study-------29
3.3Population of Study------29
3.4Sources of Data-------30
3.5Sampling Method------30
3.6Research Instrumentation-----31
3.7Validity and Reliability of Research Instrumentation32
3.8Method of Investigation-----32
CHAPTER FOUR-------34
4.0Presentation and Analysis of Data ---34
4.2Test of Hypothesis ------40
CHAPTER FIVE-------41
5.0Summary of Findings and Conclusion and
Recommendation------41
5.1Findings--------41
5.2Conclusion-------42
5.3Recommendation------43
Bibliography-------45
Appendix--------47
Questionnaire-------48
