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THE IMPACT OF AUDITING IN GOVERNMENT PERASTATTALS

THE IMPACT OF AUDITING IN GOVERNMENT PERASTATTALS

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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

The aim of this study is to find out the impact of auditing in government parastatals. To carryout this study three chapters where used.

The first chapter highlighted on the general background of the study, chapter two talks on meaning of auditing, objectives and government voucher, etc. In the third chapter, I ended with the summary of finding, conclusion and recommendation, after this the reference followed it.

 

 

 

 

 

 

 

 




TABLE OF CONTENTS

CHAPTER ONE

1.0     INTRODUCTION                                                             1

  • Background Of Study 1

  • Statement of problem 3

  • The objective of study 3

  • The scope of study 3

  • Research questions/hypothesis 4

  • Significant of the study 4


CHAPTER TWO

2.0     Review of Literature                                                          5

  • What is Auditing 5

  • Objective of auditing 6

  • Qualities of an auditor                                         7

  • Qualification of an auditor 8

  • Internal control and internal check 9

  • Rights and duties of an auditor 9

  • Government voucher 11

  • Legal basis of government accounting 12

  • Fraud in government parastatals 12


CHAPTER THREE      

Summary of findings conclusion and Recommendation.             14

 

 

 




CHAPTER ONE

1.0     INTRODUCTION

1.1     BACKGROUND OF STUDY

Almost all human activities revolve round the pivot of the principle of auditing, just as the auditors carryout audit work on the state of affairs of financial statement to know whether the financial statement prepared by an accountant gives a true and fair view. The technologist, merchants, markets, and even mediocre do the same to find out whether their research, trades, factory activities such as production, businesses and their daily activities or transactions are carried out with care and prudency to ensure prosperity is seen.

Auditing is a thorough examination of an expression of an opinion on financial statement that had been prepared by an accountant. This audit is a check of the work of an accountant. In the view of audit operational standard audit is defined as an instatements of an enterprise by an appointed auditor in pursuance of that appointment and in compliance with the relevant statutory obligation. One can point out from this definition that an auditor has to be purely independent. The need for independence is to enable him carryout his audit job without inference by the management.

It is very necessary to point out that the auditing jobs are discharged by an auditor – an auditor is a qualified accountant who had also passed a professional examination. Institute of chartered accountant of Nigeria is the only board that is empowered by company and Allied Matters act of 1990 to conduct such examination. Such a person must have a vast knowledge and able to understand a practical business endeavour always to grasps technicalities and business methods of any concern whose account he undertakes to audit.

Parastatals are enterprise own and managed by the government or its agencies, distinguishable from private enterprise and organized on behalf of the whole citizen. Examples of parastatals are Nigerian National Petroleum corporation (NNPC), etc. The accounting of parastatals is designed to demonstrate the correctness and reasonableness of transactions and their agreement with established rules and to give evidence of accountability and stewardship of government resources.

 

  • STATEMENT OF PROBLEM


Inspite of all the ideas and contributions of some academician, and some noble men in government parastatals the researcher had encountered some few problems which are:

  1. Inadequate fund available for his research work.

  2. Inadequate material or related literature.

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