THE AUDITOR AS AN INDISPENSABLE PART OF A PROFITABLE BUSINESS ORGANIZATION (A CASE STUDY OF AUDITING PRACTICE COMMITTEE)

ABSTRACT

Now that we have attained democracy, many countries of the world will be expecting to invest in this country therefore there must be a vast changes in the mature of business organisations. Precisely, to cope up with the vast changes the need for competent auditor can be over emphasized.

In these changing times, auditing as a discipline born out of the need to discourage and stop fraud, ought to be facing the greatest challenges of time. The growth of auditing can only be in developing complex means of combating complex fraudulent acts in changing times.

However, form the foregoing, there still appears a large gap existing between the general publishes expectations that financial misappropriation should be detected by audit roles have changed tremendously, it is hoped that the changing roles of auditing should at last be a deferent to fraud. If the rate of fraud and distress in banks continues to escalate as it is doing now. It should be clear to the auditing profession that they may be needed to play their traditional role. Based on the information gathered from questionnaires and analysis made from the result from interviews conducted, it can be observed that to achieve profitable business organizations, audit functions are very important.

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgement

Table of content

Abstract

CHAPTER ONE

INTRODUCTION

1.1            Background of the study

1.2            Objective of the study

1.3            Significance of the study

1.4            Statement of hypothesis

1.5            Scope of the study

1.6            Limitation of the study

1.7            Definition of terms.

CHAPTER TWO

2.0 Review of relation literature

2.1 Definition and origin of auditing

2.2 Origin of auditing standard

2.3 How are auditors duties related to achievement of profitable business organization.

2.4 Relationship between auditing and accounting

2.5 Internal control

CHAPTER THREE

3.1            Research methodology

3.2            Research design

3.3            Selection of data

3.3.1    Source of data

3.3.2    Primary data

3.4            Secondary data

3.4.1    Research instrument

3.4.2     Direct interview

3.4.3    Questionnaire design

3.4.4    Data analysis techniques

CHAPTER FOUR

4.1            Data presentation and analysis of data

4.2            Hypothesis testing

4.3            Data interpretation

CHAPTER FIVE

5.1            Summary of findings

5.2            Discussion of finding

5.3            Conclusion

5.4            Recommendations

Bibliography