Internal Audit Control In Government Establishment

INTERNAL AUDIT CONTROL IN GOVERNMENT ESTABLISHMENT (A CASE STUDY OF PROJECT DEVELOPMENT INSTITUTE (PRODA), ENUGU).

With regards to coverage of this study, the research intends to review the following; Historical Background (origin) of auditing, historical background of project development institute (PRODA) Enugu, purpose of auditing, selection of auditors internal auditor, importance, reliance on the auditors, internal control system evaluation and preparation of audit report. [Read more…]

The Objectives of Financial Statements and there Usefulness to the General User Groups

 THE OBJECTIVES OF FINANCIAL STATEMENTS AND THERE USEFULNESS TO THE GENERAL USER GROUPS

Financial statement may be defined as a set of report prepared by a company in line with regulatory statutes and for the information of all groups that have on interest or another in the company.  It is in fact an aggregate financial report for a whole entity or division of an entity for the benefit of external users. [Read more…]

The Significance and Objectives of Source Documents in Audit Investigation

THE SIGNIFICANCE AND OBJECTIVES OF SOURCE DOCUMENTS IN AUDIT INVESTIGATION (A CASE STUDY OF ORJI CHUKWU AND CO CHARTERED ACCOUNTANTS)

One cannot talk of source documents without giving identification of the auditors role and responsibility.  Several works have been carried on this field of endeavour presenting several, and sometimes diverse viewpoints about the concepts of auditing.  In this chapter we shall attempt to understand what auditing means, and the role of source document no audit investigations, we shall also look at the regulatory framework of the practice investigation procedures. [Read more…]

Financial Strategies for a Globalized Firm

FINANCIAL STRATEGIES FOR A GLOBALIZED FIRM

FINANCE MANAGEMENT AND ITS OVERVIEW

          According to G.C Ozoani (2004:1), financial management is defined by the function and responsibilities of financial managers.  Funds are raised from external financial sources and allocated from different uses. [Read more…]

The Accountant, The Financial Manager And The Tax Officials Conception Of Depreciation And Capital Allowances In Business Operation.

THE ACCOUNTANT, THE FINANCIAL MANAGER AND THE TAX OFFICIALS CONCEPTION OF DEPRECIATION AND CAPITAL ALLOWANCES IN BUSINESS OPERATION.

 There are few if there is any business enterprises or organization that do not make use of fixed assets in one form or the other in their operations.

A sole proprietorship form of business unit for example a barrier or a retailer has fixed assets in the form of furniture and fittings, sheds or kiosk, mirror etc. The poor woman in the street who runs a retail shop may not find it very possible to manage without such things are shop, a table to display her wares and a chair and benches for herself and her customers. [Read more…]