A CRITICAL ANALYSIS ON VALUE FOR MONEY AUDIT ON PUBLIC SECTOR OF AN ORGANIZATION. (A CASE STUDY OF SELECTED PARASTATALS IN ENUGU STATE).

Subscribe to access this work and thousands more

Abstract
Auditing has existed as long as man has been required to account for their transactions. A famous example is in St. Mathew’s Gospel (Chapter 25) when the rich man went on a journey and delivered his goods to a servant to look after them while he was away. On his return, he asked each of these servants to account for the goods with which he had been entrusted.
In the ancient ages, great land owners would not manage their own land, but would appoint stewards to manage their own land for them. The account of these land owners were checked by having them called out by those who gave them to those in authority (land owners) for hearing otherwise called stewardship accounting.
Auditing can be defined as the process of an independent examination of vouchers, internal control system and financial statements of an organization by a person or a group of persons called auditors so that the auditors can form and express opinion whether the vouchers, internal control system and financial statement, give a true and fair view of the organization.

Subscribe to access this work and thousands more
Save
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

Raji, A. (2018). A CRITICAL ANALYSIS ON VALUE FOR MONEY AUDIT ON PUBLIC SECTOR OF AN ORGANIZATION. (A CASE STUDY OF SELECTED PARASTATALS IN ENUGU STATE).. Afribary. Retrieved from https://afribary.com/works/a-critical-analysis-on-value-for-money-audit-on-public-sector-of-an-organization-a-case-study-of-selected-parastatals-in-enugu-state-6285

MLA 8th

Raji, Alex "A CRITICAL ANALYSIS ON VALUE FOR MONEY AUDIT ON PUBLIC SECTOR OF AN ORGANIZATION. (A CASE STUDY OF SELECTED PARASTATALS IN ENUGU STATE)." Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/a-critical-analysis-on-value-for-money-audit-on-public-sector-of-an-organization-a-case-study-of-selected-parastatals-in-enugu-state-6285. Accessed 20 Feb. 2024.

MLA7

Raji, Alex . "A CRITICAL ANALYSIS ON VALUE FOR MONEY AUDIT ON PUBLIC SECTOR OF AN ORGANIZATION. (A CASE STUDY OF SELECTED PARASTATALS IN ENUGU STATE).". Afribary, Afribary, 29 Jan. 2018. Web. 20 Feb. 2024. < https://afribary.com/works/a-critical-analysis-on-value-for-money-audit-on-public-sector-of-an-organization-a-case-study-of-selected-parastatals-in-enugu-state-6285 >.

Chicago

Raji, Alex . "A CRITICAL ANALYSIS ON VALUE FOR MONEY AUDIT ON PUBLIC SECTOR OF AN ORGANIZATION. (A CASE STUDY OF SELECTED PARASTATALS IN ENUGU STATE)." Afribary (2018). Accessed February 20, 2024. https://afribary.com/works/a-critical-analysis-on-value-for-money-audit-on-public-sector-of-an-organization-a-case-study-of-selected-parastatals-in-enugu-state-6285