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
1.0Â Â Â Â Â INTRODUCTION
1.1Â Â Â Â Â 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.