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10,556 Words
INTRODUCTION Background of the study: Internal control was defined by the Auditing standards and guideline as a whole system of control both financial and otherwise, established by management in order to carry on the business of on enterprise in an orderly and efficient manner, ensure adherence to management polices, safeguard the asset and secure as far as possible the completeness and accuracy of records.’’(1) In reality, internal co […]
49 Pages
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4,622 Words
The work present a design of a computerized personnel auditing system for a local government administration. A computerized personnel auditing system for a local government administration is concerned with the computerization of personnel records appraisal of personnel on order to achieve the aims and objectives of the organization. This accounts, when and who to promote and retirement in due time. The entrance of computer into the aud […]
85 Pages
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12,486 Words
INTRODUCTION 1.1 BACKGROUND OF THE STUDY The management of the economy in the past has been characterized by corruption and financial mismanagement which made the country to have persistent balance of payment problems. This financial mismanagement was more pronounced during the civilian administration of 1979- 1983 and the dictatorial government of general Sani Abacha of 1993 to 1998. The performance of the economy in the past therefor […]
90 Pages
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14,157 Words
INTRODUCTION 1.1 BACKGROUND OF THE STUDY Even since the inception of the first three successful indigenous banks in Nigeria, the National Bank of Nigeria established on February 11th 1933, the Agbommagbe Bank (now wema Bank Nig Plc) in 1945, The African continental Bank Plc in 1947 and others subsequently established in the country during the period from 1952 when the first banking ordinance was enacted to regulate and control the acti […]
101 Pages
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12,940 Words
1.1 INTRODUCTION The Institute of Charter Accountants defines the concept internal control system as “The whole system of control financial and otherwise established by the management in order to carry on the business of the enterprise in an orderly and efficient manner, ensure adherence to management policies, safeguard the assets and secure as fact as possible the completeness and accuracy check and internal audit” fraud is a threat […]
107 Pages
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14,209 Words
INTRODUCTION 1.1 BACKGROUND OF THE STUDY Recently effective management and accountability of financial resources vike cash in the public sector has begun to receive much emphasis primarily in response to increase in fraud and high inflations rate that devalue idle or unaccounted cash and most especially defeat of aims of establishing such emprises and extra ministerial department most government establishments are tightening their int […]
96 Pages
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13,991 Words
INTRODUCTION Background of Study The statement on study auditing standards defined internal control as being not only internal check and internal audit but the whole system of controls, financial or otherwise, establishment by management in order to secure, as far as possible, the accuracy and reliability of the records run the business in an orderly manner and safeguard the company’s assets its objective being the prevention or early […]