ABSTRACT
The concept “source documents” is a familiar term with those
involved in keeping accounting records or watch dogs of limited
liability and public liability companies and organizations from time to
item, most often on annual basis, the independent Auditors call to
review the accounting records kept by their clients. This they do by
studying and evaluating the internal control systems in the company.
This approach makes it possible for lapses, discrepancies, deficiencies
and bottlenecks to be discovered if any do exist.
However, most people do not really understand the role
of the auditors in public practice. To the layman, it’s a matter of
detecting for fraud, which is more or less a secondary object f audit.
This research has set out to review the role of the
auditor in public practice, the statutory and regulatory frame work
under which they operate and the procedures adopted in the course of
their duties, to meet the standard required to them. This task has been
carried out with a special reference to Orji Chukwu and co-chartered
Accountants a relatively small firm of chartered accountants located at
57 chime Avenue new haven, Enugu
Chapter one of this work, takes a critical look at the
background information relating to the concept of auditing and
investigation procedures in auditing, while chapter two gives a detail
tool of the concept of auditing and all other related issues under
literature reviews
Chapter three, research methodologies, reviews the
procedures used in carrying out the research, while chapter four gives
details of data obtained during the research with brief comments on the
facts that could be deduced there from.
Chapter five looks at the inferences drawing from the
analysis of data obtained, while the 0last chapter summarizes the
results of research, finding in more general items.