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The Impact Of Process Auditing On Production And Profitability In Manufacturing Company
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4.2 Hypothesis Testing
Hypotheses were tested in this research work for the purpose of this research work, regression analysis was used to test the hypotheses.
4.2.1 Model summary (R2)
The (R2) is summary measure that tells us has the sample regression line fits the data. It is also known as goodness of fit. It tells us by what percentage the variation in the dependent variable is explained by the independent variable of the model. This shows the percentage of the total variation of the dependent variable that can be explained by the independent variable(s). It shows the extent to which the independent variable(s) influences the dependent variable. It is a measure of the goodness of fit of the model; the closer the R2 is to zero the worse the fit.
4.2.2 The T-Test (Coefficients)
The test is carried out to ascertain whether the individual variables are statistical significant or not. It is used to determine the statistical significance of the parameters in the model. They will be tested at 1%, 5% and 10% levels of significance. The rule of thumb states that t≥2 is statistically significant. Any value below this is insignificant. From the coefficients table shows the effects and impacts of independents variables on the dependent variable.
4.2.3 The F-Test (ANOVA)
This is used to test the overall statically significant of the variables. It is meant to test the overall significance of the entire model as regards the dependent variable. It checks the joint variance of the explanatory variables. The level of significance to be used is 5%. Hence, if the probability is ≤ 0.05, the explanatory variables’ parameter estimates will be jointly statistically significant.
Hypothesis
H0: process auditing has no impact on production and profitability in manufacturing companies
H1: process auditing has impact on production and profitability in manufacturing companies
The correlation between Existence and the existence of an internal audit function and the profit levels is 0.85 which is 85%, meaning that they are linearly correlated, while the R2 is 0.57 meaning that 77% of the dependent variable could be explained by the independent variables.
The regression and residual equal to the sum of square and the ANOVA table shows that the F-cal. is 9.160 at 0.003 level of significant?
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APPENDIX A - [ Total Page(s): 1 ]APPENDIX QUESTIONNAIRE ON THE IMPACT OF PROCESS AUDITING ON PRODUCTION AND PROFITABILITY IN MANUFACTURING COMPANIESDear Respondents, I am final year student of Kwara State Malete writing a project titled “impact of process auditing on production and profitability in manufacturing companiesTherefore, I would be most grateful if the questionnaire is treated well by providing adequate, correct and honest answers to the questions asked in it. The privacy of your answers is guaranteed as nobo ... Continue reading---
CHAPTER ONE - [ Total Page(s): 2 ]CHAPTER ONEINTRODUCTION1.1 Background Of The StudyThe turbulent effects of the global financial crisis have highlighted the critical importance of credible high quality financial reporting. Achieving quality financial reporting depends on the role that the external audit plays in supporting the quality of financial reporting of manufacturing companies. It is an important part of the regulatory and supervisory infrastructure and thus an activity of significant public interest. Process auditing ... Continue reading---
CHAPTER TWO - [ Total Page(s): 3 ]Morris (2011) assert that software vendors that market enterprise resource planning (ERP) system have taken advantage of this new focus on internal controls by emphasizing that a key feature of ERP system is the in-built controls that mirror a firm’s infrastructure. They emphasized these feature in their marketing literature, asserting that these systems will help firm’s improve the effectiveness of their controls as required by Sarbanes-Oxley Act. 2.3 Empirical Literature Re ... Continue reading---
CHAPTER THREE - [ Total Page(s): 2 ]CHAPTER THREEResearch Methodology3.1 IntroductionThis chapter looked at the research methodology that will be use in the study. This chapter will be presenting the following; research design, the population of the study, the sample and sampling techniques, instruments for the study, validity of the instrument, reliability of the instrument, procedure for data collection and method of data analysis.3.2 Research Design This study used survey research design. Ogutu (2012) posits that a survey resea ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 1 ]CHAPTER FIVESUMMARY, CONCLUSION AND RECOMMENDATIONS5.1 IntroductionsThis chapter of this research gives an overview of the whole research work as this starts with the summary of the work from the first chapter to the last chapter, the findings and the conclusion of this research work, recommendations that were proffered by the researcher as a way by which more research will have a benchmark or point of reference after this research work as to what is expected from them, suggestions were al ... Continue reading---
REFRENCES - [ Total Page(s): 1 ]REFERENCESAdams, M.B. (1994). Agency Theory And The Internal Audit, Managerial Auditing Journal, On Line Http://Www.Emeraldinsight.Com. Aguola, O. (2002). Fundamentals Of Auditing, 2nd Ed. Meridian Associates. Enugu. Anderson, D; Francis, J.R. and Stokes, D.J. (1993).’Auditing, Directorship And The Demand For Monitoring: Journal Of Accounting And Public Policy.Bala, S.K. And Yusus, M. A. (2003). “Corporate Environmental Reporting In Bangladesh: A Study Of Listed Public Limited Com ... Continue reading---
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