THE RELEVANCE OF AUDITING IN THE ENCHANCEMENT OF ACCOUNTABILITY IN THE PUBLIC ORGANISATIONS Abstract
This research work is designed to show the importance of
auditing in the enhancement of accountability in the public organization. It is
worthy to say that audit is necessary and indispensable for the enhancement of
accountability in the public organization. This discussion in this project is
done in three chapters, reading in summary conclusion and recommendations. In
order to achieve success on the study, face to face interview which were
basically for the role of audit in enhancing accountability in public service.
TABLE OF CONTENTS
Title of page
Approval page
ii
Dedication
iii
Acknowledgement
iv
Abstract v
Table of contents
vi
CHAPTER ONE
1.0 Introduction
1
1.1 Statement of
Problems
3
1.2 Objectives of the
Study
3
1.3 Significance of
the Study 5
1.4 Scope of
Study
6
1.5 Assumption of the
Study 6
1.6 Definition of
Terms
7
CHAPTER TWO
2.0 Introduction
9
2.1 The Historical
Development of CAN Audit 9
2.2 The Objectives of
Audit in Public Organization
10
2.3 Reasons of
Audit 12
2.4 The Essential
Features of an Audit 14
2.5 Audit Evidence
Source and Types 15
2.6 Audit and
Accountability
18
2.6.1 Auditor’s
Professional Ethics
19
2.6.2 Auditors
Legal Responsibility 22
2.7 Internal
Control
23
2.8 Standards of
Reporting
25
2.9 Advantages and
Debates on Audits
26
References
CHAPTER THREE
3.0 Summary
Conclusion and Recommendation
28
3.1 Introduction
28
3.2 Summary of
Findings
28
3.3 Conclusion
29
3.4
Recommendation
30
References
32
Appendix
CHAPTER ONE
1.0 Introduction
Initially accountability of public funds did not receive
very serious public notice of concern. The citizen did not have to worry to
contribute to their governments, but with development of the scale and scope of
governments, expenditures to finance those obligations consequently, the
citizen we required to raise funds monthly or at intervals and as a result
taxing too off officially. This is the management of the public organizations
funds were entrusted into the hands of some group of people who carry out the
day to day running of the business of the organization. The shareholders who
light not participate in the operation of the organization would need a third
person (an auditor) to audit the submitted statement of account and check
whether they show a true and fair view or not.
Audit has since its inception, received a lot of definitions
and interpretations both from authors and auditing bodies. There is little or
no need to say that it has suffered a lot of misinterpreted. Most of these
misgiving interpretations see it as aimed at “fraud and error detection” De
Paula, et at (1983: 19).
But auditing
essentially involves much more than that one of the most involved and most
acceptable definition so far, in that issued by the consultative council of
accountability Bodies, (CCAB), which sees audit “as an independent examination
of an expression of opinion of the financial statement of an enterprise by an
appointed auditors in pursuance of that appointment and in compliance with any
relevant statutory obligation” (Howards, 1982:1).
Deductively, an audit
is “the objective scrutinization of someone’s work or presentation by a third
part (an auditor) that is different from the users and prepares of the
presentation. The general essence of an audit is to ascertain compliance of
organization’s records and operational polices of organization record and
operational policies with certain prescribed standards (IBID, 1983:12).
Further, it aims at increasing the usefulness acceptability and dependability
of financial statements.
Accountability on the other hand as given by Webster
Encyclopedia Dictionary of English is the state of been accountable, liable and
responsible. The same dictionary goes for her to define accountable as liable
to make good case of loss, responsible for a trust, liable to be called to
account.
1.1 Statement of the
Problem
The increasing have of fraud and embezzlement of public
funds and properties by offices in the public services has brought to limelight
problems that are associated with accountability in the public service. In this
project, it is proposed that auditing will be help to enhance the much needed
accountability to the public service.
A Research proposal for the relevance of auditing in the enchancement of accountability in the public organisations:
Reviews: A Review on the relevance of auditing in the enchancement of accountability in the public organisations, relevance, auditing, enchancement project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
This research work is designed to show the importance of auditing in the enhancement of accountability in the public organization. It is worthy to say that audit is necessary and indispensable for the enhancement of accountability in the public organization. This discussion in this project is done in three chapters, reading in summary conclusion and recommendations. In order to achieve success on the study, face to face interview which were basically for the role of audit in enhancing accountability in public service... accounting project topics
THE RELEVANCE OF AUDITING IN THE ENCHANCEMENT OF ACCOUNTABILITY IN THE PUBLIC ORGANISATIONS