AUDITING AS AN INSTRUMENT FOR ENSURING ACCOUNTABILITY

ABSTRACT

This piece “Auditing as an instrument for ensuring accountability is carried out to explore the roles of auditing in Premier Breweries Ltd, Onitsha.  It intends to identify and evaluate the roles of auditing as an instrument to ensure accountability in Premier Breweries and the likes in general.

To do this, the researcher took necessary steps in ascertaining those factors that militate against the roles of auditing in this company.  It is based on these factors that recommendations and appropriate remedies to that effect were suggested.

Therefore, the researcher is of the belief that if the management and staff of this company can adhere to these recommendations herein, definitely it will have a remarkable impact on the reputation of the company.

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of contents

CHAPTER ONE:

1.0            Introduction

1.1     Background of the study

1.2            Statement of the problems

1.3            Purpose of the study

1.4            Limitation and scope of the study

1.5            Significance of the study

1.6            Definition of terms

CHAPTER TWO:

2.0            Literature Review

2.1     An Overview of the study

2.2            The Internal Audit Department

2.3            Authority Relationship

2.4            Fraud – Definition, Classification and Types

2.5            Types of Audit Activity

CHAPTER THREE:

3.0            Research Findings

3.1     Conclusion

3.2            Recommendation

Bibliography

CHAPTER ONE

1.1     BACKGROUND OF THE STUDY

          This piece auditing as an instrument for ensuring accountability is embarked upon to explore the roles of auditing in Premier Breweries Limited, Onitsha and other similar organizations is general.

          In recent years, the size and commercial activity in any companies in Nigeria have increased tremendously.  It is with a view of this corresponding effect on the operations there in that have resulted to the inadequate examination and verification of books of account and the asset of the company.

          These inadequacies which usually lead to misappropriation and embezzlement of funds researcher to investigating the problems.  Many of them are closed down today due to ineffective control measures that could lead curb such anomalies.

Nevertheless all these observation and irregularities and how the remedies would be properly applied, made this piece worthy of pursuit. It is necessary to pay into these investigations and explore ways of putting a stop to it. Auditing applies as a solution to avoiding these peculiar problems in companies like premier breweries limited Onitsha and likes would play a major role. Therefore, auditing is needed in this piece with particular reference to premier breweries Ltd. Onitsha to look into their books of account and the assets of the company.  This piece will assist to determine the extent and how auditing ensures proper accountability and possibly remove the problems of the firms or companies.

          Therefore to understand this thing very well it is necessary to take a look at the qualities of a good company auditor to stream line the minds of the readers.

          The qualities are thus:

He/she must be skilled and experienced in the science of accountancy with the ability to apply its principles to business concerns he/she is auditing.

Must have a thorough grasp of the general principles of law which govern the matters likely to be brought into intimate contact.

Must understand the practical

CHAPTER ONE

1.1     BACKGROUND OF THE STUDY

          This piece auditing as an instrument for ensuring accountability is embarked upon to explore the roles of auditing in Premier Breweries Limited, Onitsha and other similar organizations is general.

          In recent years, the size and commercial activity in any companies in Nigeria have increased tremendously.  It is with a view of this corresponding effect on the operations there in that have resulted to the inadequate examination and verification of books of account and the asset of the company.

          These inadequacies which usually lead to misappropriation and embezzlement of funds researcher to investigating the problems.  Many of them are closed down today due to ineffective control measures that could lead curb such anomalies.

Nevertheless all these observation and irregularities and how the remedies would be properly applied, made this piece worthy of pursuit. It is necessary to pay into these investigations and explore ways of putting a stop to it. Auditing applies as a solution to avoiding these peculiar problems in