PROBLEMS AND PROSPECTS OF AUDITING IN GOVERNMENT

ABSTRACT
The topic of this research is problems and prospects of auditing in
government organization, the population of the study was 82 while the
research used yaro Yamani formula in the determination of the sample
size which was 68.The researcher used both the primary and the
secondary sources in obtaining the relevant data used in the course of
the study. The primary data was collected using the questionnaire while
that of the secondary data was obtained using written textbooks,
journals, magazines, newspapers, and the use of library. The researcher
used chi-square in the testing of the hypothesis formulated while simple
percentages were used in analyzing the research questions. Some of the
problems bound to be encountered when auditing government
establishments are embezzlement of funds by some government
officials, deficiency in confirming accounts receivable and failure to
exercise due professional care. Some findings were made of which one
out of them is that financial reports submitted are not in consonance
with the transactions carried out by the government establishment.
Recommendations were also made of which one out of them is that the
auditor should maintain his position of independence as much as
possible.  

TABLE OF CONTENTS
Cover page
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of contents
CHAPTER ONE
1.0-Introduction
………………………………………………………………………………….. 1
1.1-Background of the study
……………………………………………………………….. 1-2
1.2-Statement of the problem
……………………………………………………………… 2
1.3-Purpose of the study
……………………………………………………………………… 3
1.4-Research questions
……………………………………………………………………….. 3
1.5-Research hypothesis
……………………………………………………………………… 4
1.6-Significance of the study
……………………………………………………………..… 5 

1.7-Scope and limitation of the study
………………………………………………….. 5-6
1.8-Definition of terms
………………………………………………………………………… 6-7
Reference
.……………………………………………….…………………………………….8
CHAPTER TWO
2.0-Review of related literature
………………………………………………………….. 9
2.1-Nature of auditing
………………………………………………………………………… 9-11
2.2-Features of auditing
……………………………………………………………………… 11-13
2.3-Auditors report
…………………………………………………………………………….. 13
2.4-Types of audit
……………………………………………………………………………….. 14-15
2.5-Duties of auditors
………………………………………………………………………….. 15-16
2.6-Objectives of auditing
……….………………………………………………………….… 17-19
2.7Appointment of auditors
…………………………………………………………………. 19-20
2.8-Rights of an auditor
………………………………………………………………………... 20-21
2.9-Classification of study
…………………………………………………………………….. 21-24
2.10-Advantages of auditing
…………………………………………………………………. 25-26
2.11-Nature and definition of government organization and auditing
…... 26-28
2.12-Audit objectives with respect to government organization
……………. 29-30
2.13-Prospects of auditing in government organization
…………………………. 30-31
2.14-Historical development of federal mortgage bank
…………………………. 31-32
Reference
…………………………………………………………………………………….. 33
CHAPTER THREE
3.0-Research methodology
…………………………………………………..…………..…. 34
3.1-Introduction
………………………………………………………………………..…………. 34-35
3.2-Research design
………………………………………………………………………....…. 35
3.3-Arear of
study……………………….………………………………………………………… 36
3.4-Population of the study
………………………………………………………………….. 36-37
3.5-Sample and sampling technique
……………………………………………………… 37-38
3.6-Questionnaire design and distribution
……………………………………….…… 38-40
3.7-sources of data
…………………….……………………………………………………...... 40
3.8-instrument for data collection.
……………………………………………………..... 41
3.9-Method of data analysis
……………………………………………………………..…… 41-43
3.10-Validity and reliability of instrument
……………………………………………… 43-44
CHAPTER FOUR
4.0-Data presentation and analysis ….………………………………………….….
45-46
4.1-Presentation and Analysis of data ………………………………………….….
46-57
4.2-Testing of hypothesis …………………………………………………………………
57-67
CHAPTER FIVE
5.0-Summary of findings, conclusion and recommendation …….………
68
5.1-Findings …………………………………………………………………………………....
68-69
5.2-Conclusion …………………………………………………………………………..……
69-71
5.3-Recommendation ……………………………………………………………………..
71-73
 Bibliography ……………..………….…………………………………………………….
74
 Questionnaire …………………….…………………………………………………….…
75-78