The Impact of Internal Audit in Nigeria Manufacturing Industries (A Case Study of Heritage Pure Water Industries Ltd Ilorin Kwara State)

TABLE CONTENT

Title page                                                                      i

Certification                                                                  ii

Dedication                                                                     iii

Acknowledgement                                                         iv

Table of content                                                            vii

CHAPTER ONE

INTRODUCTION

1.0      Background of the study

1.1        Statement of the study

1.2        Justification of the study

1.3        Objective of the study

1.4        Statement of hypothesis

1.5        Scope of the study

1.6        Significances of the study

1.7        Plan of the study

1.8        Definition of the study

CHAPTER TWO

LITERATURE REVIEW

2.0      Introduction

2.1      Concept of auditing

2.2      Type of auditing

2.3      Scope of audit in manufacturing companies

2.4      Internal audit in manufacturing companies

2.5      Impact of audit on the management of manufacturing company

CHAPTER THREE

RESEARCH METHODOLOGY

3.0      Historical background of heritage pure water

3.1      Introduction

3.2      Research design

3.3      Types of data and method of data collection

3.4      Research instrument

3.5      Research instruction

3.6      Method of data analysis

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.0      Introduction.

4.1      Analysis of data

4.2      Hypothesis testing

4.3      Interpretation result

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Summary

5.2    Conclusion

Recommendation

Bibliography

 CHAPTER ONE

INTRODUCTION

1.0       BACKGROUND OF THE STUDY

Company or organizations take a unique position in an economic setting by virtue of their position in terms of goods and services. The growing complexities in the organizations have necessitated the need for a functional and effective internal audit before the ultimate statutory audit. This is because of the incessant reports of frauds and misappropriation of fund in manufacturing Companies. The origin of auditing emanates from the separation ownership from control; in spite of this it become necessary for the manager entrusted with the financial and economics of business to present their financial report to the employers.

Auditing is viewed from one of the primary means by which accountability can be ensured to the financial statement.

Auditing, according to Walter (1970), is therefore said to be such an examination of books and accounts and vouchers of a business, as it will enable the auditor to express his opinion as to whether the balance sheet is properly drawn up, so as to give a true and fair view of the state of affairs of the business and that the profit and loss account give a true and fair  view as the profit and loss for the financial period according to the best of information and explanation given to him and as shown by the books to report otherwise if not satisfied.