AUDITING EFFICIENCY FOR IMPROVING COMPANIES PERFORMANCES
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
Background of study
Company performance is very important if such a company want to achieve its purpose of starting its business without positive impact of any organization, it means that the way of achieving the objectives when the business has commenced will be a difficult situation for that organization. It is obvious that the performances of companies sis not unto expectation. That is why the researcher wants to know the impact auditing create in improving companies performances.
Since companies have been encountering some problems like fraud, misappropriation of funds and properties, lack of effective management and others that made people to be asking whether auditing plays any significant role towards ensuring efficiency and judicious use of funds set aside for various purposes.
Some activities and programmes organized by people as re- assumed to be done on behalf of the people. They are deserved to be assured that eh resources which they put at the disposal of these programmes are effectively, efficiently and economically managed since it is known that not all are judicious in public affairs entrusted to them.
Therefore, for proper and efficient accountability, it is obvious that auditors will manifest their principles to be able to arrive at what is expected of them in order to be convinced that the financial position of the organization as presented show a clear and fair view of the organization.
Consequently, because of biased nature of the organization as a result of poor investigation of the organization position, past rulers have pledged to introduce a more responsible system of government with accountability but their subsequent conduct has shown that they have little or no understanding definition and application of efficiency in the improvement of companies performances.
Auditing which is regarded as one of the recently established professions turn out of the complexity of modern business world. It becomes relevant so as to discourage people from erring and to expose those that gave wrong account of how they managed the funds and properties under their custody. The account or report is usually done by means of financial statement. In order to verify the true and fair view of this report an independent person is needed to audit the account.
1.2 STATEMENT OF PROBLEM
There are so many problems which affect auditing efficiency in organizations inspite, other related problem of this study are those caused by poor management control system, inadequate Training and Re-Training, Bad management, staff negligence, inadequate knowledge and experience of staff, security arrangement and use of sophisticated accounting machines and also poor remuneration.
A part from these, when appropriate recognition is not recorded to the auditing efficiency department the status of the head of the department is always lower and therefore inferior to the states of the Head of Department. Heads of other Department regard the head of auditing efficiency department’s subordinate offer in power.
1.3 OBJECTIVES OF THE STUDY.
Objectives of the study include:
- To ascertain if auditing efficiency improve company’s performance
- To ascertain if there exist co-operation between internal auditors and external auditors.
- To find out if auditing efficiency assists in the detection and prevention of fraud in the company.
1.4 RESEARCH QUESTIONS.
1. Does auditing efficiency improve company’s performance?
2. Does co-operation exist between the internal auditor and external auditors?
3. Does auditing efficiency assist in the detection and prevention of pilferage and fraud?
Related Project Materials
An Assessment of the Epidemiology of Childhood Pneumonia in Katsina State
Background of the Study
Pneumonia remains one of the leading causes of childhood mortality worldwide, particularly in developing countrie...
An Investigation of the Relationship Between Environmental Investments and Economic Growth in Nigeria
Background of the Study
Environmental investments, such as expenditures on pollution control, renewable energy projects, an...
THE IMPACT OF INVESTMENT STRATEGIES ON PORTFOLIO PERFORMANCE
ABSTRACT
THE IMPACT OF INVESTMENT STRATEGIES ON PORTFOLIO PERFORMANCE
This study examines the impact of investment strategies o...
ADOPTION OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS IN FINANCIAL REPORTING BY ACCOUNT OFFICERS IN TERTIARY INSTITUTIONS SOUTH-EAST NIGERIA
Statement of the Problem
The incidence of financial malpractices and concealment of material facts in the financial stat...
EFFECT OF ORGANIZATION CHANGES ON EMPLOYEES PERFORMANCE (A STUDY OF FIRST BANK PLC, OFFA KWARA STATE)
Background Of The Study
Today’s business environment produces change in the workplace more sudden...
TRADITIONAL RULERS COUNCIL AND CONFLICT RESOLUTION IN BAYELSA STATE, NIGERIA
Background of Study
Traditional institution‖ and their role in conflict resolution&nbs...
A review of the financial challenges of healthcare startups in Nigeria: A study of private hospitals in Zamfara State
Background of the Study
The healthcare startup sector in Nigeria has been growing steadily, with new private hospitals aimi...
An Appraisal of Nurses' Roles in Reducing Maternal Mortality in Rural Communities of Kebbi State
Background of the Study
Maternal mortality remains a major public health challenge in many developing...
An Examination of Financial Fraud Prevention in Educational Boards in Ogun State
Background of the Study
Financial fraud in educational boards can undermine the integr...
Photography as a Medium for Archiving Traditional Architecture in Bida Local Government Area, Niger State
Background of the Study
Traditional architecture reflects the cultural heritage and identity of communities, serving as a t...
