Select Currency
Translate this page

THE ROLE OF AUDITING IN ORGANIZATIONAL EFFECTIVENESS

Format: MS WORD  |  Chapter: 1-5  |  Pages: 65  |  601 Users found this project useful  |  Price NGN3,000

GET THE COMPLETE PROJECT

THE ROLE OF AUDITING IN ORGANIZATIONAL EFFECTIVENESS

 

CHAPTER ONE

OVERVIEW

Corporate performance management is the area of business intelligence involved with monitoring and managing an organizations performance such as revenue, returns in investment, overhead, operational cort etc. Price Walter house Cooper (2012) noted that it provides the avenue for translating a company’s strategy into measurable targets, in monitoring and evaluating how the company is doing. Corporate performance management gives management, investors, and other stakeholders a real time picture of how the organization is actually in line with its corporate targets so that corporate actions can be taken where necessary. Margaret (2011) pointed out that it encompasses strategic planning, budgeting, forecasting, work fork, reporting, modeling, scenario  planning, profitability analysis, key performance indicate monitoring and consolidation as it addresses both financial and generating activities of the business entity. The key performance indicators according to Massey (2011), means the company’s progress as they relate to its goals and strategy and are usually enshrined in the financial statement of such companies. Harper (2012) and institute of centered accountant of Nigeria (2009) defined the financial statement as a formal record of the financial activities of a business, person or other entities; relevant information about the reporting entity are presented therein the financial statement and in a structured and easily understandable manner, having the following components.

. Statement of financial position showing report on assets,

. liabilities and equity Statement of comprehensive income and expenses (Known as profit and loss statement)

. Statement of cash flow

. Statement of comprehensive changes in equity

. Notes to the financial statement.

The very essence of financial statement is deeply routed in the companies and Allied matters Act (2014) which states that “every company shall keep proper accounting record and such records shall be sufficient to show and explain the transactions of the company and shall be such to:

Disclose with reasonable accuracy, at anytime, the financial position of the company and Enable the directors ensure that the financial statements prepared comply with the requirement of the Act with regard to form and content. Information emaciating from the financial statements are so vital that it helps a wide range of users such as shareholders, government, financial institutions, employees, creditors/suppliers, media, the general public etc. in making economic decisions. Kleinschmidt (2017) pointed out that the very fact that ownership of companies differ from management, their trust is not enough to guarantee the accuracy of such financial statements prepared by management as they emphasized tend to conceal the following:

Weak internal control mechanism

Presence of material misstatement and on errors that tend to depict a financial position different from what actually exist in the company. Non compliance to statutory, accounting professional guidelines/requirements. Fraud, other financial irregularities as many be perpetuated by management and on employees of the companies. On account of the above challenges, the need for an independent appraisal of the state of affairs in any company cannot be over emphasized. Little Wonder Paul (2015) was quoted to say that “an audit can be compared to an annual checkup with the doctors, the auditor being the doctor while the company is the patient” in the same vein, section 359(1) of the companies and Allied Matters Act (2014) mandated and the need for auditing of companies individuals and on government accounts to guarantee a reasonable level assurance that the financial statement are true and fair, represent state of affairs at the company. This, Okezie (2014) pointed out helps to reduce or settle disputes that might otherwise arise regarding acceptance of the annual reports and accounts of companies. In the lights of the foregoing, the researcher shall examine auditing, not just as a concept but also as an exercise, with a view to determining its place as the backbone of organizational effectiveness.                    

STATEMENT OF THE PROBLEM

 

GET THE COMPLETE PROJECT

Not What You Are Looking For?



For QUICK Help Call Us Now!

+234 813 292 6373


Here's what our amazing customers are saying

JONNAH EHIS
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Excellent
MATTHEW NGBEDE
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Excellent
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Excellent
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Excellent
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent
Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Excellent
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Excellent
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent

HOW TO GET YOUR COMPLETE PROJECT INSTANTLY

  • Select 3 Project Topics of your choice from your Department.
  • Submit the 3 topics to your Supervisor for Approval.
  • Call Our Instant Help Desk on 0813-292-6373 and Get Your Complete Project Material Instantly.
  • All project materials on this website are well researched by professionals with high level of professionalism.

FREQUENTLY ASKED QUESTIONS

How do i choose a Project Topic?

Look for your department and select any topic of your choice

I have a fresh topic that is not on your website. How do I go about it?

How fast can i get a complete project from your website?

Within 15 minutes if the exact project topic is on our website

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

One of your topics suites my project, but the case study is different. What do i do?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

How do i get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: (+234) 813-292-6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!