THE EVALUATION OF ACCOUNTING CONTROL SYSTEM IN NIGERIA

PREFACE

          The research on the EVALUATION OF ACCOUNTING CONTROL SYSTEM IN NIGERIA has been grouped into the following chapter to enhance its success.

          The first chapter will deal with the background of the study. Issue like statement of problems, purpose of the study and significant of the study will be discussed.

          The second chapter will examine the related text that the research will be able to come across and also the definition of accounting control by Auditors and other items.

          The third chapter which is the final chapter reveals the finding made by the research, conclusion will be drew and recommendation made.

          TABLE OF CONTENTS

TITLE PAGE

APPROVAL

DEDICATION

ACKNOWLEDGEMENT

PREFACE

TABLE OF CONTENT

CHAPTER ONE

INTRODUCTION

1.1     STATEMENT OF PROBLEM

1.2     OBJECTIVE OF THE STUDY

1.3     SIGNIFICANCE OF THE STUDY

1.4     LIMITAITON AND SCOPE OF THE STUDY

1.7     DEFINITION OF TERMS

CHAPTER TWO

2.0     REVIEW OF RELATED LITERATURE

2.1     ACCOUNTING CONTROL SYSTEM

2.2     NEED FOR ACCOUNTING CONTROL

2.3     ESTABLISHMENT AND MAIN DIVISION OF ACCOUNTING CONTROL

2.4     COMPONENT OF ACCOUNTING CONTROL SYSTEM

CHAPTER THREE

3.0     SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

3.1     FINDINGS

3.2     RECOMMENDATION

          REFERENCE

CHAPTER ONE

1.0            INTRODUCTION

1.1     BACKGROUND OF THE STUDY

          In Nigeria today there is a great need to peer inside the accounting control system of computerized industries, as this action will involve the ratification and the testing of the enterprise control system with special regards to how the industries is operated upon as well as to ensure the effectiveness of the enterprises accounting system.

          However, the regulation of business activities under an efficient system of accounting control may obviate the necessity of protracted detail work by auditors with beneficial result for all the parties concerned.

This is because is real life, situations especially with regards to case of fraud and errors in organizations most of the time without the best of intentions may still intentionally or unintentionally make mistake. 

It is not surprising however that inmost brewing industries there are cases o stock losses mis-appropriation of funds, embezzlements. Even though there no “prima-facie” evidence of crime being committed, yet the fact and figures of fraud both in private and public sectors are not today’s standard truly staggering in the world.

          The individual components or internal control system as know as “control or internal control, these control enable internal check to be placed on result of all.

1.2     STATEMENT OF PROBLEM

          In the present century, the information system has improved tremendously owing to advancement technology. 

The introduction of the electronic computer has provided electro-mechanical capabilities for the recording, reproduction, analysis for effective management of the accounting and business world cannot be over-emphasized if management report are to serve any meaningful purpose they have to be produced on time.

          Having a computer system alone is not enough as there has to be effective management team monitor the affairs of the organization.

More so, there are also need for internal control system which becomes the possibilities of errors and fraud occurring  is greater in computer system than manual system.