THE RELEVANCE OF AUDITING IN THE ACHIEVEMENT OF ACCOUNTABILITY IN PUBLIC COMPANIES (A CASE STUDY OF ANAMBRA MOTORS MANUFACTURING COMPANY, ANAMCO ENUGU, ENUGU STATE
TABLE OF CONTENT
CHAPTER ONE
1.0 Introduction 1
- Background of the study 1
- Statement of the problem 4
- The objective or purpose of the study 4
- Scope or delimitation of the study 5
- Research questions 6
- Significance of the study 6
- Definition of terms 8
CHAPTER TWO
Review of literature 11
2.1 The nature and scope of audit 11
2.2 The historical development of audit 12
2.3 The objective of audit 14
2.4 The essential features of audit 17
2.5 Summary of related literature reviewed 18
CHAPTER THREE
Research Methodology 20
3.1 research design 20
- Area of study 20
- Population of the study 20
- Sample and sampling procedure 21
- Instrument of data collection 21
- Validation of the research instrument 22
- Reliability of the research instrument 22
- Method of administration of the research instrument 22
CHAPTER FOUR
Data presentation and results 24
4.1 Summary of results/findings 29
CHAPTER FIVE
5.0 Discussion, implication, recommendations 31
- Discussion of results 31
- Conclusion 32
- Implication of the results 33
- Recommendations 34
- Suggestion for further research 35
- Limitation of the study 35
Reference 37
Appendix 38
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The cradle of business organisation revealed that most business set ups were managed by their owners. The ownership manager was the financial provider and contribution to the enterprise, but with the advent of large scale production and development in scope and in scale of business, a huge capital beyond that affordable by the sole proprietor or family was needed.
Consequently, contributors, hereafter called shareholds were required to raise the fund for the business.
The invitation of these shareholders led to the separation of the owner managers from the management of the business. This is because all of them cannot, be the directors of the business at the same time. As a result of this the management of the business was entrusted in the hands of people who have no financial claims to the business. The law denies the shareholders access to the books of account of the company, depriving them of their rights to be kept abreast of the director’s performance. The shareholders became skeptical about this. Thus, the need of effective surveillance over the activities of the non-owner managing directors.
