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Problems And Prospects Of Auditing In Government Organization
[A CASE STUDY OF FEDERAL MORTGAGE BANK ENUGU STATE]
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1.7 Scope and limitation of the study
This
project would cover arrears such as audit principle(s) and procedures
giving as in depth analysis on how audit work is carried out in
government organizations.
Attempts have been made by the researcher
to discuss in depth the various short comings behind this operational
framework of auditing in government organization and also self
investigation carried out.
Part of the constraint encountered by the researcher and limitations are as follows.
 Cost of carrying out the research
 Short duration of time limit dedicated on the project
 Distance and financial constraint.
 Restriction placed upon by some organization to have access to some vital documents.

Secrecy maintained by some government officials by not revealing
certain information which they term as “Keep government secrets secretâ€.
1.8 Definition of terms
Fraud:
Is a mis-presentation of data with the intention to theft which is
dishonest act involving the theft of assets and the falsification of
accounting records and financial statements (Akpankpan, 2000.126)
Embezzlement: The fraudulent appropriation of property lawfully in one‟s custody, (Kohther, 1970:173)
Auditing
or Audit: Is concerned with an independent examination of financial
statements and accounting records by an independent certified or
chartered accountant and expression of an opinion by the public
accountant on the financial statements of an organization stating
whether the finance; al statements present fairly by the financial
position of the firm concerning the period covered by the financial
statement.
Auditor: An auditor is the qualified accountant who is
professionally licensed to audit or examin financial sttments or report
of business or non-business organizations.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThe topic of this research is problems and prospects of auditing in government organization, the population of the study was 82 while the research used yaro Yamani formula in the determination of the sample size which was 68.The researcher used both the primary and the secondary sources in obtaining the relevant data used in the course of the study. The primary data was collected using the questionnaire while that of the secondary data was obtained using written textbooks, journals, maga ... Continue reading---
