What chapters are covered in this Accounting project?

Chapter ONE 1.1 Introduction 1.2 Background of Study 1.3 Problem Statement 1.4 Objective of Study 1.5 Limitation of Study 1.6 Scope of Study 1.7 Significance of Study 1.8 Structure of the Research 1.9 Definition of Terms Chapter TWO 2.1 Evolution of Audit 2.2 Theoretical Framework 2.3 Types of Audits 2.4 Role of Auditors 2.5 Importance of Internal Controls 2.6 Internal Control Systems 2.7 Challeng

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Accounting

THE ROLES OF AUDITORS AND METHOD OF INTERNAL CONTROL IN LOCAL GOVERNMENT

THE ROLES OF AUDITORS AND METHOD OF INTERNAL CONTROL IN LOCAL GOVERNMENT

Chapter ONE

INTRODUCTION

1.1Introduction
1.2Background of Study
1.3Problem Statement
1.4Objective of Study
1.5Limitation of Study
1.6Scope of Study
1.7Significance of Study
1.8Structure of the Research
1.9Definition of Terms

Chapter TWO

LITERATURE REVIEW

2.1Evolution of Audit
2.2Theoretical Framework
2.3Types of Audits
2.4Role of Auditors
2.5Importance of Internal Controls
2.6Internal Control Systems
2.7Challenges in Auditing
2.8Audit Quality
2.9Impact of Audit on Organizations
2.10Emerging Trends in Auditing

Chapter THREE

RESEARCH METHODOLOGY

3.1Research Design
3.2Research Philosophy
3.3Data Collection Methods
3.4Sampling Techniques
3.5Data Analysis Procedures
3.6Research Ethics
3.7Validity and Reliability
3.8Limitations of Methodology

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

4.1Data Presentation and Analysis
4.2Overview of Participants
4.3Findings on Internal Controls
4.4Audit Procedures and Findings
4.5Comparison of Internal Controls
4.6Recommendations for Improvement
4.7Implications for Practice
4.8Future Research Directions

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1Summary of Findings
5.2Conclusion
5.3Contributions to Knowledge
5.4Practical Implications
5.5Recommendations
5.6Areas for Future Research

Project Abstract

The subject of this research investigation is â€œThe Role of Internal Auditor and the method of Internal Control in Local Government in Enugu state specifically. The objective of the study is to know whether the function of the internal audit department are performed in compliance with the established standards and policies and how much it have succeeded in achieving the objectives of the local government. The methods of data collection were interviews, direct observation and study of secondary materials. In analyzing the data collected, percentage and some formulated hypothesis were used. The major findings of this study are That Udi Local Government Area has an Internal audit department, that internal auditing helps to know how well the policies of the management are executed, that the duties of the internal control be performed by either the accounts division or the external auditor who must be statutorily appointed, that all the internal auditors of the local government report to the auditor general, through the executive chairman of the local government area. The researcher hereby recommends that internal auditing should be employed in local governments, because it will help immensely in management control.

Project Overview

INTRODUCTION

1.1 BACKGROUND OF THE STUDY:

The new civil services move with designed to make the service more functional professional, productive and responsive to the socio-economic needs of the nation. The federal government has also recently revamped and restructured the local government system to enable it perform its role of promoting, co-ordinating and implementing community services enhancing citizens participation and maximizing the use of local resources. Enormous amount of money of flowing to the local government form the federation account, the of the state internally generated revenue and the revenue of the local government.

The federal government of Nigeria came up with a financial instruction in 1979, instructing all local government to set up internal audit unit in each local government. But the behaviour and attitude of operation of local government system resulted in many local government not setting up internal audit unit or if set up. They were not functional. The federal government in 1988 set in motion a real ware of change. A real frame work of internal auditing in the local government was spelt out in order to make it less difficult for management of the local government as the greatest contributing factor to the poor performances of local government.

1.2 STATEMENT OF THE PROBLEM:

The local government has three broad sources of revenue, they include: direct from the federationâ€™s account, of internally generated revenue of the state government and revenue generated internally by the local government her self. The internal sources available to the local government area include: rents from market stores, royalties paid by some residents company in a local government contractors registration, sales of car/bus emblems, etc.

Since the local government has a whole lot of possible sources of revenue, the problems therefore include,

a) How can efficient management controls be achieved?

b) What is the role of internal auditing in ensuring this control?

c) How can the internal auditing be made a useful tool management control?

1.3 OBJECTIVE OF THE STUDY:

a) The researcher intends to find out, the role of auditors and the method of internal control in local government.

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