AUDITING AS AN INDISPENSABLE TOOL FOR ECONOMIC DEVELOPMENT

AUDITING AS AN INDISPENSABLE TOOL FOR ECONOMIC DEVELOPMENT (A CASE STUDY OF TEXCO NIGERIA PLC LAGOS STATE)

PROPOSAL OF THE PROJECT: This research study intends to took into the importance of auditing as a tool in economic development. Often times it is reported at various companies, corporation and others enterprises that productivity is low efficiency narrowed, misappropriation of funds have occurred. The study will there fore find solution to these problems. Further more the research study will try to disclose problems like misappropriation of funds, fraud and irregularities and possibly find solutions to these problems. The research study will also find solution to the imperfection in the ability of those managing resources entrusted with them. The sources of data for the researcher will be as follows.

1. Primary data: The researcher intends to use questionnaire, interviews and personal observation.
2. Secondary data: The major secondary data which the researcher intends to use are text books Journals, accountancy. However, there are so many constraints that I will face in this research work and which include:

1. Lack of finance
2. Limited time as a result of combing the research work and my academic work. However, there are so many constraints that I will face in this research work and which include. Lack of finance. Limited time as a result of combing the research work and my academic work. Lack of material for the research work. Finally what I hope to achieve at the end of this research work is to find solution to the imperfection on the resource of the organization and the importance of auditing in the economic development of the country.

TABLE OF CONTENTS

CHAPTER ONE

1. Background of study
2. Statement of the problem
3. Objective of the study
4. Statement of hypothesis
5. Significance of the study
6. Scope and limitation of study
7. Definition of terms.

CHAPTER TWO

1. Review of related literature
2. Historical background of quitting
3.  Meaning and important of auditing including its, saims
4. Internal check internal control and internal audit.
5. Various types of audit
6. The objective of auditing
7. The need for auditing what justification
8. Auditing as an indispensable tool for economic development
9. Problem of an audit and how to over come audit problems.
   1. How to over come or prevent audit problems
10. How auditing has helped the growth and prosperity as well as efficient management of Texaco Nig Plc Lagos sate

CHAPTER THREE

1. Research methodology
2. Research design
3. Selection of data
   1. Source of data
   2. Primary data
4. Secondary data
   1. Research instrument
   2.  Direct inter view
   3. Questionnaire design
   4. Data analysis techniques

CHAPTER FOUR

1. Data presentation and analysis of data
2. Hypothesis testing
3. Data interpretation

CHAPTER FIVE

1. Summary of findings
2. Conclusion
3. Recommendations

Bibliography

CHAPTER ONE

INTRODUCTION

1. BACKGROUND OF THE STUDY

The management of the economy in the past has been characterized by corruption and financial mismanagement which made the country to have persistent balance of payment problems. This financial mismanagement was more pronounced during the civilian administration of 1979- 1983 and the dictatorial government of general Sani Abacha of 1993 to 1998.

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AUDITING AS AN INDISPENSABLE TOOL FOR ECONOMIC DEVELOPMENT (A CASE STUDY OF TEXCO NIGERIA PLC LAGOS STATE)