ABSTRACT
This research work is view of the role of a statutory Auditor with
intention of determining how it helps in cubing frauds in government
owned establishment.
Though it is aimed at the role of a statuary auditor in controlling
fraud generally, in view of the vastness of the topic a particular
government owned firm (establishment) was selected as a case study with
the belief that such institution is a fair representation of government
establishment generally.
This research work is dedicated into five chapters or parts. Chapter
one deals with in introduction to the research. These include background
of the study, statement of the problems, objective of the study,
significant of the study, research question, scope of the study,
research terms used in course of the study.
The second chapter deals with literature review. This summaries what
other writers and experts have been saying about the topic of the
project based on the writings available to the researcher in view of the
fact that no writings on the main topic of the research involves the
practical aspect of the statutory auditor’s role and how it aids in
controlling frauds generally. Chapter three is concerned with the method
adopted in the research which involves the use of simple percentage in
treating the data collected form the management and staff of university
of Nigeria Teaching Hospital Enugu, which was used as a case study.
Chapter four deals with the presentation and analysis of data collected, summary of the results and findings.
Chapter five deals with discussion of the findings, implication of result and recommendations by the researcher.
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Abstract
List of table
Table of content
CHAPTER ONE
1.0 Introduction
1.1 Background of the study
1.2 Statement of problem
1.3 Objective of the study
1.4 Scope or delimitation of the study
1.5 Research questions
1.6 Significance of the study
1.7 Definition of terms
CHAPTER TWO
2.0 Literature review
2.1 Summary of related literature.
CHAPTER THREE
3.0 Research Methodology
3.1 Research design
3.2 Area of study
3.3 Population of the study
3.4 Sample and sampling technique
3.5 Instrument for data collection
3.6 Reliability and validity of the instrument
3.7 Method of Data collection (Administration of instrument)
3.8 Method of data Analysis
CHAPTER FOUR
4.0 Presentations of Data and analysis
4.1 Summary of results and findings
CHAPTER FIVE
5.0 Discussion implication and recommendation
5.1 Discussion of the result
5.2 Conclusion
5.3 Implication of the result
5.4 Recommendations
5.5 Suggestions for further study
5.6 Limitation of the study
Bibliography
Appendix
CHAPTER ONE
INTRODUCTION
This chapter is concerned with the introduction of the research work.
It deals with the background of the study, statement of problems,
purpose of the study scope of the study research questions significance
of the study and definition of terms.
1.1 BACKGROUND OF THE STUDY
It has said that the traditional role of financial accounting is to
give account of stewardship to the owners of the business who was
divorced from the management of the business. There is a need for
accountability of money spent by various government statutory
corporations, commissions, agencies, authorizations and al person
entrusted in position of trust. The need for management and staffs of
any government owned establishment to pilot the affairs of the
organization effectively and efficiently when it comes to financial
matters calls for appointment of a statutory auditor as stipulated by
section 149 and 154 of companies act of 1968 and chartered accountant
act of Nigeria of 1965 respectively. Section 85(4) of the Federal
Republic of Nigeria constitution 1999 also provides that corporations,
commissions, authorities, agencies including all persons and bodies
established by an act National assembly which the University of Nigeria
Teaching Hospital, Enugu is among shall be checked, examined and auditor
by the Federal Auditor- general periodically, section 125 (4) provides
same for the state.
The statutory auditor performs independent examination of an
organization, its records and financial statement as been prepared by
the management and this form an independent opinion on the accuracy and
correctness of the competent and honest, so if their opinion a financial
statement of an organization show a true and fair view of its state of
affairs for the period under review, the users of such account ought to
have faith in them.
The statutory auditor is primarily concerned with the responsibility
of examining the financial statement and report whether in their
opinion, the financial statement.
Have been properly prepared in accordance with the requirements; give
a true and fair view; proper accounting records have been kept; proper
returns adequate for their audit have been received from branches not
visited; they obtain all the necessary information’s and explanations
required for the purpose of the study (auditor);
The information given in the director’s report is in constituencies with the annual account.
However, the responsibilities of the auditor with regards to
deletion/controlling of fraud, errors and other irregularities cannot be
overemphasized. The auditing standards and guidelines defined an audit
as the independent examination of and expression of opinion on the
financial