IMPACT OF AUDITING IN GOVERNMENT PARASTATALS A CASE STUDY OF ENUGU STATE AGRICULTURAL DEVELOPMENT PROGRAMME ENUGU

ABSTRACT

This study is based on the IMPACT OF AUDITING IN A GOVERNMENT PARASTATALS using ENUGU STATE AGRICULTURAL DEVELOPMENT PROGRAMME; located at Okpara Avenue as a study guide.

The entire work was divided into five(5) characters and the data for the study was collected using both primary and secondary sources, questionnaires, textbooks, literally materials and journals respectively.

The population of the study is 150 – whole the sample size was derived by the use of YARO YAMANI 1964 formular and it gave 109.

The data collected were presented in tables using simple percentages and averages; then the hypothesis of the study was tested using chi-square formular.

The findings of the study was that auditing has great impact on the activities of government parastatals; through checkmating irregularities and that whether the management should rely on the report generated by the auditor; finally what is management perception on the role of the auditor in the prevention and detection of fraud in a government parastatals.

In the end, the researcher made some useful recommendation to the parastatals; views that will encourage the full utilization of auditing and auditors as tools in their activities and actualization of accountability in the parastatal.

PROPOSAL

This study is based on the impact of AUDITING IN A GOVERNMENT PARASTATAL USING ENUGU STATE AGRICULTURAL DEVELOPMENT PROGRAMME; located at Okpara Avenue as a study guide.

The entire work was divided into five(5) characters and the data for the study was collected using both primary and secondary sources, questionnaires, textbooks, literally materials and journals respectively.

The population of the study is 150 – whole the sample size was derived by the use of YARO YAMANI 1964 formular and it gave 109.

The data collected were presented in tables using simple percentages and averages; then the hypothesis of the study was tested using chi-square formular.

The findings of the study was that auditing has great impact on the activities of government parastatals; through checkmating irregularities and that whether the management should rely on the report generated by the auditor; finally what is management perception on the role of the auditor in the prevention and detection of fraud in a government parastatals.

In the end, the researcher made some useful recommendation to the parastatals; views that will encourage the full utilization of auditing and auditors as tools in their activities and actualization of accountability in the parastatal.

TABLE OF CONTENTS

Title page                       …                         …                         …

Approval page               …                         …                         …

Dedication                     …                         …                         …

Acknowledgement                   …                        …                         …

Abstract                         …                         …                         …

Table of Contents          …                         …                         …

CHAPTER ONE:  INTRODUCTION

1.1     Background of the study

1.2     Statement of Problem

1.3     Purpose of the study

1.4     Significance of the study

1.5     Research Questions

1.6     Statement of Hypothesis

1.7     Scope of the study

1.8     Definition of terms

1.9     Historical Background of case study

1.10   References

CHAPTER TWO:          LITERATURE REVIEW

2.1            Historical Background of Auditing

2.2            The Prevention of Fraud Act

2.3            The First Auditor, The First Act and Class

2.4            Qualities of An Auditor

2.5            Auditing Procedures

2.6            Uses of Audit Reporting to ENADP

2.7            Importance of Auditing to ENADP

2.8            Auditing in a Computer Environment

2.9            Objective of an Audit Department in a Government Parastatals

2.10       Management of an Audit Department

2.11       References

CHAPTER THREE:  RESEARCH DESIGN AND METHODOLOGY

3.0            Introduction

3.1     Research Design

3.2     Source of Data Collection

3.2.1  Primary Data

3.2.2  Secondary Source of Data

3.3     Population of Study

3.4     Sample size

3.5     Sample Distribution

3.6     Instrument of Data Collection

3.7     Method of Data Presentation

3.7.1  Method of Data Analysis

3.8     Validity Test and Reliability of Instrument

3.9     References

CHAPTER FOUR:  DATA PRESENTATION AND ANALYSIS

4.0            Introduction

4.1     Data Presentation

4.2     Hypothesis Testing

4.3     Brief Conclusion on Chapter Four

4.4     Reference

CHAPTER FIVE:  SUMMARY OF FINDINGS, RECOMMENDATION AND CONCLUSION

5.1            Summary of findings

5.2            Conclusion

5.3            Recommendation

Reference

Bibliography

Appendix I

Appendix II

CHAPTER ONE

1.1            BACKGROUND OF THE STUDY

The term auditing came into use when accountants have to add to their existing function.  It is not new though the interest shown in it is of relatively recent origin.  Auditing particular task is to provide information to managers, shareholders and investors on the outcome of turnover rate in an organization.

Auditing is a broad based subject drawing upon relevant Laws and Cases, financial account, taxation, costing and management accounting.  It could be reasonably assumed that if there is a sound auditing department in an organization or parastatals is bound to financially perform well, if such information gotten is effectively and efficiently utilized.

The extent of which the above assumption or they is true using the Nigerian parastatals as the subject of the study.

It is my ultimate desire as a researcher that at the end of this thesis I should be able to show the importance of auditing to government parastatals.  Hence auditing is one key to the success of any parastatal set-up.

WHAT IS AUDITING:

According to Okorie Onovo’s book (2001) he views auditing as the expression of an opinion on the financial statement of an organization or parastatal within a recording principles.  While in NWEKE and UNEGBU (2001), views auditing to be a form of stewardship where the messenger is expected to account for what was left under him by the shareholders so as to know, if it actually increased, or reduced and if they were the way they gave it to them, just as the case in, in the Holy Book of Matthew Chapter 25:14-30.

Many Directors and Managers are better and stronger when they have good idea of the actual work of auditing in what have been under their care.  Their performance and reward are determined by the correctness of the shareholders during the annual general meeting of the organization or parastatals.

It is however assumed in this thesis; that it is an efficient and effective auditing system that is the only high cause of financial performance in parastatals.