PROBLEMS AND PROSPECTS OF AUDITING IN GOVERNMENT ORGANIZATION
(A CASE STUDY OF FEDERAL MORTGAGE BANK ENUGU STATE)
CHAPTER ONE
1.0-Introduction
…………………………………………………………………………………..
1.1-Background of the study
………………………………………………………………..-2 1
1.2-Statement of the problem
……………………………………………………………… 2
1.3-Purpose of the study
……………………………………………………………………… 3
1.4-Research questions
……………………………………………………………………….. 3
1.5-Research hypothesis
……………………………………………………………………… 4
1.6-Significance of the study
……………………………………………………………..… 5
1.7-Scope and limitation of the study
…………………………………………………..-6 5
1.8-Definition of terms
………………………………………………………-7 6
Reference
.……………………………………………….……………………………………
CHAPTER TWO
2.0-Review of related literature
………………………………………………………….. 9
2.1-Nature of auditing
…………………………………………………………………………-11 9
2.2-Features of auditing
………………………………………………………………………-13 11
2.3-Auditors report
…………………………………………………………………………….. 13
2.4-Types of audit
………………………………………………………………………………..-15 1
2.5-Duties of auditors
…………………………………………………………………………..-16 15
2.6-Objectives of auditing
……….………………………………………………………….…-19 17
2.7Appointment of auditors
………………………………………………………………….-20 19
2.8-Rights of an auditor
………………………………………………………………………...-21 20
2.9-Classification of study
……………………………………………………………………..-24 21
2.10-Advantages of auditing
………………………………………………………………….-26 25
2.11-Nature and definition of government organization and auditing
…...-28 26
2.12-Audit objectives with respect to government organization
…………….-30 29
2.13-Prospects of auditing in government organization
………………………….-31 30
2.14-Historical development of federal mortgage bank
………………………….-3231
Reference
……………………………………………………………………………………..
CHAPTER THREE
3.0-Research methodology
…………………………………………………..…………..…. 34
3.1-Introduction
………………………………………………………………………..………….-35
3.2-Research design
………………………………………………………………………....….
3.3-Arear of
study……………………….…………………………………………………
3.4-Population of the study
…………………………………………………………………..-37 36
3.5-Sample and sampling technique
………………………………………………………-38 37
3.6-Questionnaire design and distribution
……………………………………….……-40 38
3.7-sources of data
…………………….…………………………………………………….....
3.8-instrument for data collection.
……………………………………………………..... 41
3.9-Method of data analysis
……………………………………………………………..……-43 41
3.10-Validity and reliability of instrument
………………………………………………-44 43
CHAPTER FOUR
4.0-Data presentation and analysis …
45-46
4.1-Presentation and Analysis of dat
46-57
4.2-Testing of hypothesis …………………………
57-67
CHAPTER FIVE
5.0-Summary of findings, conclusion and recommendation …….………
68
5.1-Findings ……………………………………………………………
68-69
5.2-Conclusion ………………………………………………………
69-71
5.3-Recommendation ……………………………………………
71-73
74
75-78
ABSTRACT
The topic of this research is problems and prospects of auditing in government organization, the population of the study was 82 while the research used yaro Yamani formula in the determination of the sample size which was 68.The researcher used both the primary and the secondary sources in obtaining the relevant data used in the course of the study. The primary data was collected using the questionnaire while that of the secondary data was obtained using written textbooks, journals, magazines, newspapers, and the use of library. The researcher used chi-square in the testing of the hypothesis formulated while simple percentages were used in analyzing the research questions. Some of the problems bound to be encountered when auditing government establishments are embezzlement of funds by some government officials, deficiency in confirming accounts receivable and failure to exercise due professional care. Some findings were made of which one out of them is that financial reports submitted are not in consonance with the transactions carried out by the government establishment. Recommendations were also made of which one out of them is that the auditor should maintain his position of independence as much as possible.
PROBLEMS AND PROSPECTS OF AUDITING IN GOVERNMENT ORGANIZATION
(A CASE STUDY OF FEDERAL MORTGAGE BANK ENUGU STATE)
CHAPTER ONE
INTRODUCTION
Government organization have played a greater part in
the economic growth of any economy, especially in the Nigerian economy. The contributions they have made so far cannot be overemphasized because their utmost aims of establishment is to provide some vital or essential services to improve the social and economic well being of the people.
These government organizations are mainly being funded either by the federal or state government through their budgetary allocations made to them yearly and they can also obtain loans or overdraft from commercial bank as well as subvention from government. These funds are expected to be utilized effectively and efficiently. But in most practices they are being misappropriated or embezzled by some government officials.
As a result of this mis-appropriation which has characterized most of the government organizations. Honestly and prudently managed. The audit is expect to
show whether proper principles of accounts and audit ethics have been adhered to and that financial statements prepared give a true and fair view.
In any business Organization in which allocation and application of funds serves as a backbone for financial activities to be carried out the following are problems in which are bund to be encountered.
Deficiency in confirming accounts
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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
Foreign Transaction For Dollars Payment :
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ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
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WE HAVE SECURITY IN OUR BUSINESS.
(A CASE STUDY OF FEDERAL MORTGAGE BANK ENUGU STATE)
CHAPTER ONE
1.0-Introduction
…………………………………………………………………………………..
1.1-Background of the study
………………………………………………………………..-2 1
1.2-Statement of the problem
……………………………………………………………… 2
1.3-Purpose of the study
……………………………………………………………………… 3
1.4-Research questions
……………………………………………………………………….. 3
1.5-Research hypothesis
……………………………………………………………………… 4
1.6-Significance of the study
……………………………………………………………..… 5
1.7-Scope and limitation of the study
…………………………………………………..-6 5
1.8-Definition of terms
………………………………………………………-7 6
Reference
.……………………………………………….……………………………………
CHAPTER TWO
2.0-Review of related literature
………………………………………………………….. 9
2.1-Nature of auditing
…………………………………………………………………………-11 9
2.2-Features of auditing
………………………………………………………………………-13 11
2.3-Auditors report
…………………………………………………………………………….. 13
2.4-Types of audit
………………………………………………………………………………..-15 1
2.5-Duties of auditors
…………………………………………………………………………..-16 15
2.6-Objectives of auditing
……….………………………………………………………….…-19 17
2.7Appointment of auditors
………………………………………………………………….-20 19
2.8-Rights of an auditor
………………………………………………………………………...-21 20
2.9-Classification of study
……………………………………………………………………..-24 21
2.10-Advantages of auditing
………………………………………………………………….-26 25
2.11-Nature and definition of government organization and auditing
…...-28 26
2.12-Audit objectives with respect to government organization
…………….-30 29
2.13-Prospects of auditing in government organization
………………………….-31 30
2.14-Historical development of federal mortgage bank
………………………….-3231
Reference
……………………………………………………………………………………..
CHAPTER THREE
3.0-Research methodology
…………………………………………………..…………..…. 34
3.1-Introduction
………………………………………………………………………..………….-35
3.2-Research design
………………………………………………………………………....….
3.3-Arear of
study……………………….…………………………………………………
3.4-Population of the study
…………………………………………………………………..-37 36
3.5-Sample and sampling technique
………………………………………………………-38 37
3.6-Questionnaire design and distribution
……………………………………….……-40 38
3.7-sources of data
…………………….…………………………………………………….....
3.8-instrument for data collection.
……………………………………………………..... 41
3.9-Method of data analysis
……………………………………………………………..……-43 41
3.10-Validity and reliability of instrument
………………………………………………-44 43
CHAPTER FOUR
4.0-Data presentation and analysis …
45-46
4.1-Presentation and Analysis of dat
46-57
4.2-Testing of hypothesis …………………………
57-67
CHAPTER FIVE
5.0-Summary of findings, conclusion and recommendation …….………
68
5.1-Findings ……………………………………………………………
68-69
5.2-Conclusion ………………………………………………………
69-71
5.3-Recommendation ……………………………………………
71-73
- Bibliography ……………..………….…………………
74
- Questionnaire …………………….………………………
75-78
ABSTRACT
The topic of this research is problems and prospects of auditing in government organization, the population of the study was 82 while the research used yaro Yamani formula in the determination of the sample size which was 68.The researcher used both the primary and the secondary sources in obtaining the relevant data used in the course of the study. The primary data was collected using the questionnaire while that of the secondary data was obtained using written textbooks, journals, magazines, newspapers, and the use of library. The researcher used chi-square in the testing of the hypothesis formulated while simple percentages were used in analyzing the research questions. Some of the problems bound to be encountered when auditing government establishments are embezzlement of funds by some government officials, deficiency in confirming accounts receivable and failure to exercise due professional care. Some findings were made of which one out of them is that financial reports submitted are not in consonance with the transactions carried out by the government establishment. Recommendations were also made of which one out of them is that the auditor should maintain his position of independence as much as possible.
PROBLEMS AND PROSPECTS OF AUDITING IN GOVERNMENT ORGANIZATION
(A CASE STUDY OF FEDERAL MORTGAGE BANK ENUGU STATE)
CHAPTER ONE
INTRODUCTION
- Background of the Study
Government organization have played a greater part in
the economic growth of any economy, especially in the Nigerian economy. The contributions they have made so far cannot be overemphasized because their utmost aims of establishment is to provide some vital or essential services to improve the social and economic well being of the people.
These government organizations are mainly being funded either by the federal or state government through their budgetary allocations made to them yearly and they can also obtain loans or overdraft from commercial bank as well as subvention from government. These funds are expected to be utilized effectively and efficiently. But in most practices they are being misappropriated or embezzled by some government officials.
As a result of this mis-appropriation which has characterized most of the government organizations. Honestly and prudently managed. The audit is expect to
show whether proper principles of accounts and audit ethics have been adhered to and that financial statements prepared give a true and fair view.
- Statement of the Problem
In any business Organization in which allocation and application of funds serves as a backbone for financial activities to be carried out the following are problems in which are bund to be encountered.
- Embezzlement of fund by some government Officials
- Failure to exercise due professional care and the appropriate level of professional skepticism.
- Overreliance on inquiry as a form of audit evidence
Deficiency in confirming accounts
Download our android mobile app for more materials
ORDER NOW
COMPLETE MATERIAL COST N2,500 Or $10. FRESH PROJECT MATERIAL COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.
THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
MAKE YOUR PAYMENT INTO ANY OF THE FOLLOWING BANKS:
GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 24 HOURS
CALL OUR CUSTOMERS CARE OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
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