Management Audit As A Tool Of Achieving Organizational Objectives

Management Audit As A Tool Of Achieving Organizational Objectives

Abstract

Organizational Objects

This exploration work is conducted as part of the demand for the award of a Advanced National Diploma( HND) in fiscal studies( Account).

It highlights the authors trouble in chancing out the ways which operation inspection is used as a tool of achieving organizational objects in our everyday associations. organizational objects

The entire work is divided into five chapters, chapter one is an introductory analysis of the content, also the background of the study, significance, compass and limitation, the purpose and thesis. organizational objects

The alternate chapteri.e chapter two dealt with the Literature Review and Theoretical consideration. Then affiliated once workshop were reviews and the theoretical consideration on the present study was also brought into focus. As well as compass and nature of operation inspection and the result of auditing operation. organizational objects

also, chapter three contains an explanation of how and where the demanded information for the study was attained and how the sample size was determined and the limitations encountered in the course of conducting the exploration. It also contains the system ofinvestigation.organizational objects

Chapter four dealt with the donation and analysis of data collected during the field check, after which the supposed suppositions were tested.

Incipiently, chapter five makes up the summary, conclusion and recommendations.

Chapter One

Preface

In practice, there are two types of performance appraisal for case, in setting the lower position directors, maturity of enterprises, employed traditional performance appraisal fashion. A check list and standing system were designed and the immediate administrators make arbitrary assessments of performance however, the upper position operation byobjectives.organizational objects

Secondly, the upper position directors performance is also estimated. For illustration, when assessing the performance of a quarter director, say the performance of the quarter is estimated and this because the determinant of the evaluation of the director. likewise, the evaluation performance of operation as a total is generally grounded purely on an analysis, a fiscal account dataexclusively.organizational objects

One egregious reason for this circumstance is the lack of agreement on a dependable tools for dimension of performance of operation other than with use of countingdata.organizational objects

lately, numerous have contended that, in other to estimate the value of operation, computations much be made in addition to those prepare for fiscal rate analysis. It’s in the environment that operation inspectionstarted.organizational objects

Background Of The Study

operation inspection tried to prop the operation of the association by furnishing it with information and analysis useful in the process ofcontrol.organizational objects

According to EzeJ.C.( 2001) operation inspection is an inspection that evaluates the effectiveness of operation at all situations throughout an association with a view to recommend enhancement in areas where effectiveness isn’t assured. operation inspection can also be significant in fiscal account area. For numerous times now, stockholders, fiscal analysis, implicit investors and other interested parties have been concerned with the periodic reports of majorco-operations and the attached letter from the chairman of the pot. The concern has been that though a fiscal inspection of records of the company has been performed and opinion had been rendered. There was no fresh system with the stranger could estimate the performance of operation in addition to assessing the performance of the company. The proposition of operation inspection parallels that of fiscal inspection. The purpose of the inspection is being the documentation of operation’s representations by an independentexaminer.organizational objects

By documentation I relate to the trustability of operation statement regarding its own opinions as proven by an independent third party. The adjudicator’s fiscal statement examines the performance of the company responsible to the stockholders of its opinions. On the base of the fiscal statement, the shareholders or implicit investors, estimate the performance of the company in fiscal terms, net profit, earning per shareetc.organizational objects

Likewise, the operation inspection is a way of assessing the performance of operation in regard to the opinions made, the effectiveness of its operating and the attainment of commercial pretensions. With the perpetration of the operation inspection, the operation of associations would openly come more responsible for their conduct to outsideobservers.organizational objects

To this date, there has been little empirical exploration to determine the implicit value of the operation inspection to druggies of the amenability of operation inspection process. still, the operation inspection conception, if precisely designed will prove to be a most important development in the operation appraisal field, with a view to perfecting operation effectiveness. This exploration is intended to probe the extend to which operation inspection is applied by associations in Nigeria for illustration, in operation performance evaluation, with a view to achieve this, claw into agitating operation inspection as a specialize aspect of inspection in general. It’ll go further to explain the important of operation inspection in an organisation, the extent to which it’s employed by association as a tool of perfecting operation effectiveness made. This exploration involves, library work, discussion of published professional journals, and diurnals, field check on the designtopic.organizational objects

This work started with preface followed by brief description of some of the important terms the nature and compass of operation inspection, donation of exploration findings, problem, prospects, recommendations, summary andconclusion.organizational objects

STATEMENT OF PROBLEM

There are so numerous problems which affect operation inspection in the associations inspite, other affiliated problem of this study are those caused by poor internal control system, shy Training andRe-Training, Bad operation, staff negligence, shy knowledge and experience of staff, security arrangement and use of sophisticated account machines and also poorremuneration.organizational objects

A part from these, when applicable recognition isn’t recorded to the Internal inspection department the status of the head of the department is always lower and thus inferior to the countries of the Head of Department. Heads of other Department regard the head of internal inspection departments inferior offer in power, authority andresponsibility.organizational objects

objects OF THE STUDY

The overall ideal of this study are

To examine the performance of a quarter director.

ii. To estimate the performance of operation as a whole which grounded purely on an analysis of fiscal account data.

iii. To examine the internal control system and see how it affect the operation inspection.

Exploration Questions

These study is set out to find answers to the following questions

i) To what extent has operation inspection help to achieve organizational objects?

ii) To what extent has internal control system help to ameliorate organizational productivity?

iii) In what ways does fiscal statement is examine the performance of the company responsible to the stockholders for its opinions.

thesis

1) Ho Management inspection doesn’t help in achieving organizational objects.

H1 operation inspection help in achieving organizational objects.

2) Ho The internal control system doesn’t help to ameliorate organizational productivity.

H1 Internal control system helps to ameliorate the association productivity.

3) Ho If associations regularly accomplish well planned and adequately executed operation inspection, the effectiveness of containing it as a tool for perfecting operation effectiveness won’t be made manifest.

H1 If association regularly carry out well planned and adequately executed operation inspection the effectiveness of using it as a tool for perfecting operation effectiveness will be made manifest.

Significance Of Study

The significance of this study can be viewed into two major aspects practical and academics. virtually, this study thus may be of a special important to the following interest groups who may find the exploration salutary.

1) The operation itself, who make the association decision and programs.

2) The stockholders and other interested implicit investor.

3) The general public who have right to be informed the conditioning of any similar association.

4) The fiscal analysis.

Academic significance

1) scholars This exploration will enable scholars who intend to study the course in future to make use of the work both in their academics and exploration programs( reference purposes).

description OF TERMS

1. Appraisal It means to estimate the value or volume of the operation inspection. In substance it refers to the estimation of value or volume of job.

2. Arbitrary This is the reading a decision grounded on opinion or impulse only and not on reason.

3. Investors They’re prospective business that are fiscal balanced with the intension to promote fiscal capability of a company.

4. Financial Statement This refers to periodic balance distance or statement of affair of an association.

5. operation inspection Is also known as operations inspection, serves as a mark for measuring the capability of the operation and also to determine the objects of the association.