ROLE OF AUDITORS IN CONTROLLING FRAUD IN GOVERNMENT OWNED ESTABLISHMENT
ABSTRACT
According to (Chris C. Nwabueze) Auditors plan a vital role in controlling government founds. This goes a long way to give government parastatals guide and aid to achieve its goods and objectives. Auditors from the time of investigates in the book of government to ascertain whether the financial statement of the organization present fairly and accurately its sate of affairs in the opinion of the auditors.
Secondly, to ensure a effective internal control system. Thirdly to ensure compliance with relevant statement laws setting up the organization.
Fourthly, to ensure that the financial statement is based on the organization’s records. Fifthly, to detect fraud and other irregularities that most government workers engulf themselves in after must more investigation by the auditors, the auditor may have to report in a particular formal as laid down by the civil service that the amount spent are in the lue with the amount budgeted for any period.
TABLE OF CONTRENTS
TITLE PAGE i
APPROVAL PAGE ii
DEDICATION iii
ACKNOWLEDGEMENT iv
ABSTRACT v
CHAPTER ONE
INTRODUCTION
CHAPTER TWO
CHAPTER THREE
SUMMARY OF FINDING, CONCLUSION, RECOMMENDATION
Bibliography 23
CHAPTER ONE
INTRODUCTION
1.1 OBJECTIVE OF THE STUDY
The study is aimed to determined the role of auditors in controlling fraud in government owned establishment and present new insight establishment with a view to enable the public appreciate the various limitations and weakness inherit in their effort in fraud detection and control in government owned establishment.
The main objective of system audit is to determine the adequacy of the system of accounting and internal controls as a basis of the preparation of true and fair accounts with the aim of restricting the nature, extent and timing of audit procedure carried out during the balance sheet audit. The primary responsibility of an auditor is not to detect fraud and irregularities but to examine the financial statement presented to him by the management and give his professional pinion whether or not of the state of fairs of the business.
Hence the aim of this research work is to define and analysis expressly the extent to which the statutory auditor is responsible as regard fraud. The research work will be directed towards showing the importance of the internal and external auditor in any organization to distinguish between the duties, qualities, qualification etc. This research is mostly to show the extent of inter relationship between auditors and management as regards prevention and detection of fraud and other irregularities. The research is also directed towards the preparatism of various groups of accounts by the management in order to show the true state of affairs of the company whose financial statement is being audited.
1.2 SIGNIFICANCE OF THE STUDY
The significance of this study is that it will show, dispose or x-ray the inherent disabilities and limitations of auditions in government owned establishment. The study is very importance because it is enquiry but the role of auditor in controlling fraud in most of the manufacturing firms in the country.
This research work could be beneficial in respect to the following categories.
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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
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ABSTRACT
According to (Chris C. Nwabueze) Auditors plan a vital role in controlling government founds. This goes a long way to give government parastatals guide and aid to achieve its goods and objectives. Auditors from the time of investigates in the book of government to ascertain whether the financial statement of the organization present fairly and accurately its sate of affairs in the opinion of the auditors.
Secondly, to ensure a effective internal control system. Thirdly to ensure compliance with relevant statement laws setting up the organization.
Fourthly, to ensure that the financial statement is based on the organization’s records. Fifthly, to detect fraud and other irregularities that most government workers engulf themselves in after must more investigation by the auditors, the auditor may have to report in a particular formal as laid down by the civil service that the amount spent are in the lue with the amount budgeted for any period.
TABLE OF CONTRENTS
TITLE PAGE i
APPROVAL PAGE ii
DEDICATION iii
ACKNOWLEDGEMENT iv
ABSTRACT v
CHAPTER ONE
INTRODUCTION
- Objectives of the Study 9
- Significance of the Study 10
- Scope of the Study 12
- Limitation of the Study 12
- Definition of Term 12
CHAPTER TWO
- Origin of Auditing 15
- Auditing in Nigeria 16
- Auditing Defined 17
- Classification of Audit 18
CHAPTER THREE
SUMMARY OF FINDING, CONCLUSION, RECOMMENDATION
- Finding 20
- Conclusion 21
- Recommendation 22
Bibliography 23
CHAPTER ONE
INTRODUCTION
1.1 OBJECTIVE OF THE STUDY
The study is aimed to determined the role of auditors in controlling fraud in government owned establishment and present new insight establishment with a view to enable the public appreciate the various limitations and weakness inherit in their effort in fraud detection and control in government owned establishment.
The main objective of system audit is to determine the adequacy of the system of accounting and internal controls as a basis of the preparation of true and fair accounts with the aim of restricting the nature, extent and timing of audit procedure carried out during the balance sheet audit. The primary responsibility of an auditor is not to detect fraud and irregularities but to examine the financial statement presented to him by the management and give his professional pinion whether or not of the state of fairs of the business.
Hence the aim of this research work is to define and analysis expressly the extent to which the statutory auditor is responsible as regard fraud. The research work will be directed towards showing the importance of the internal and external auditor in any organization to distinguish between the duties, qualities, qualification etc. This research is mostly to show the extent of inter relationship between auditors and management as regards prevention and detection of fraud and other irregularities. The research is also directed towards the preparatism of various groups of accounts by the management in order to show the true state of affairs of the company whose financial statement is being audited.
1.2 SIGNIFICANCE OF THE STUDY
The significance of this study is that it will show, dispose or x-ray the inherent disabilities and limitations of auditions in government owned establishment. The study is very importance because it is enquiry but the role of auditor in controlling fraud in most of the manufacturing firms in the country.
This research work could be beneficial in respect to the following categories.
- As to the auditors
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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