ROLE OF INTERNAL AUDITOR IN STOCKTAKING

ABSTRACT: This research has been designed for the study of the role of internal auditors in stocktaking especially as a case study Total Nigeria Limited. Internal auditing and stocktaking in recent time has proved to be a hard nut which auditors have not fund easy to crack total Nigeria Limited is a company, which concentrated much on the marketing of petroleum products, through diverse fictions and now being made towards such areas like agriculture. Chapter one of this work gives a general introduction of the work by explaining both auditing and stocktaking. Problem statement, purpose of he study, significance of the study and scope and limitation of the study were also dealt with in chapter one most of the audit terms used in the project were defined in chapter one. Chapter two shows the review of related literature and studies. In the review, the role of the internal auditor under the law (statute) internal auditing and stocktaking were reviewed.  Chapter three formed the research methodology and procedure. It shows all the methods used by the research in getting all the information for the project. In chapter five problems of the internal audit, implications, recommendation and summary were made, based on the findings. Efforts were also made to make this work interesting and it is hoped that it will be of great help to anyone that comes across it.

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

Background of the study                                         1

Statement of problem                               5

The purpose of the study                          6

Scope of the study                                          8

Limitation of the study                                    10

Significance of the study                           11

Definition of terms                                          12

CHAPTER TWO

2.0  REVIEW  OF LITERATURE

The role of internal auditor under the law statute          16

Internal auditing                                                17

Stock taking                                                39-56

CHAPTER THREE

3.0  Research Methodology                                      56

Research design                                              56

Area of study                                                  56

Population                                                      57

Sample and sampling techniques                       57

Instrument for data collection                                  58

Validity of the research instrument                     59

Reliability of research instrument                       60

Method of collecting data                                  60

Method of data analysis                                    61

CHAPTER FOUR

Data analysis and presentation                          62

4.1  Summary of results                                                67

CHAPTER FIVE

Summary of findings, conclusion, recommendation

and implications of the research findings             68

Discussion of results/finding                              68

Conclusion                                                      69

Implication of the research findings                            70

Recommendation                                             71

Suggestions for further research                        72

Limitation of the study                                      73

Reference                                                       74

Appendix                                                               75

Questionnaire                                                  77