HISTORICAL DEVELOPMENT Before the advent of our colonial masters, there were already traces of taxation in existence, for instance in the Northern apart of Nigeria due to the Mohammedanism spirit people were made to contribute towards charity, which was the foundation of taxation there. But before independence there were axes levied e.g. zakka ( agricultural products), Kurdin, Janghali etc. in other parts of the country that is the Yoruba and the Ibo’s there was a axes developed system of...
ABSTRACT This study was bone out of mirage of problems usually associated with policy implementation in Nigeria especially on taxation. In recent times, value Added Tax is the most outstanding fiscal policy in Nigeria economic Policy. Bearing in mind the consumption pattern the necessary imposition of tax on luxury goods and of course luxury goods is a matter of choice and taste. This study look at impact of VAT on luxury goods as it affects, revenue collection, consumption pattern, and price...
ABSTRACT This paper examines the relationship between bank supervisor and the external auditor in Nigeria. It highlights the functions of the management, the bank supervisors and the external auditors in the prudent management of the banking sector. It also point out some complementary functions canoed out by each party in the banking sectors, accountability for public interest. It also examines how the banks are made to comply with regulatory guidelines set up by the supervisors in Nigeria; ...
INTRODUCTION Most countries irrespective of its advancement have its own share of socio-economic problems. One of the most prevalent socio-economic problems is “inflation”. The term “inflation” is as old as mankind in more precise description inflation can be defined as the persistent rise in the price of good and services and measurement depreciation in the value of money. A careful survey of the situation in Nigeria shows that this phenomenon is prevalent. Nigeria is undergoing a ...
INTRODUCTION Auditing is the process of investigation into the financial records prepared in an organization to ascertain the correctness of the financial statement. Investigation can be described as an inquiry commissioned by a client for some of his purpose. The preparation of the seconds of small scale business organization involves the bringing together of the control system This idea of auditing come into being when a series of company acts Commencing in 1844 gradually developed and inco...
INTRODUCTION Auditing is the process of investigating into the financial records prepared in an organization to ascertain the correctness of the financial statement. Investigation can be described as an inquiry commissioned by a client for some of his purposes. The preparation of the accounts of small scale industries involves the bringing together of the control system. The idea of auditing came into being when a series of company acts. Announcing in 1844 gradually developed and incorporat...
1.0INTRODUCTION The question of how to increase the usefulness and positive result in audit work in Nigeria companies has been bothersome to the generality of the people in the country. Formally, industries or establishments were small and could be controlled by the management expansion of these industries or establishments, coupled with the increase in the scope of managements, functions required to cope with the situation, management could not co-ordinate all activities alone. Finally, as...
ABSTRACT It is often heard that some companies tries to manipulate their financial statement to avoid paying tax or even when they say it is lesser than they supposed to have paid, deposit the tax incentive given to them and that make the researcher to look in depth to find out the effect of this tax incentives offered to private investors and its impact in the industrial development at the entire nation. How far has the tax incentive helped to redirect the investment pattern in Nigeria? It i...
ABSTRACT Government owned establishments in which hotel business is one, are no longer booming in the nation’s competitive economy due to improper accounting system existing therein; as a result of non-challant attitude of its staff. Accounting which is the foundation of every business has been of age in the society. This project work has three chapters: Chapter one is the introduction which gives hints on accounting standards and means of achieving management objectives. Chapter two is...
1.0INTRODUCTION Any organization, manufacturing or non-manufacturing that knows its owns requires an effective accounting system for its continuous existence. We have in the post head of firms that folded up due to one reason or the other. When properly investigated as to what brought about its folding up, one may not be surprised that it was due to negligence in operating an affective accounting system. Every manufacturing / non-manufacturing industry needs an effective proper accountin...
ABSTRACT The question as to whether or not internal audit has an important role to play, has been generating a lot of controversies over years, especially, among hotel and restaurant owners. This question that seemed to be yet half way answered, gave rise to carrying out this study. The work is designed in such a way as to help readers understand the roles of internal audit in management of hotels and restaurants. The project deals extensively with the roles of internal audit in the manag...
ABSTRACT The aim of this research study is primarily to provide and update the review of the relevance of administration of Value Added Tax (VAT) in Nigeria. Concerted efforts have been made to present a comprehensive work on value added tax (VAT) and the effect of its administration in Nigeria economy. The work is divided into three chapters one starts with a general introduction into the content of the study. It went further to state the background of study, objective of study, scope of t...
ABSTRACT The research work “the roles of auditing in a developing economy – Nigeria Experience” is aimed at mapping out the various ways that the roles need to be appreciated in a developing economy using Nigeria as a point of reference. The researcher within the limitation of the study will make a proper investigation on how the roles of auditing will help to achieve some economic development and making business operations. Also to change peoples erroneous believe that auditors are b...
ABSTRACT The scarcity of human and material resources, the competitive nature and the uncertainty about future has made both government and most modern business enterprises to find away of improving upon them performance to achieve increasing productivity, profitability and reduction on cost. A common instrument is a good budgets and budgetary control system. The work was aimed at a study of the role of budget and budgetary control system, its attendant problems and remedies. The study al...
ABSTRACT This project work is aimed to reveal the usefulness of database in financial institution which will store all relevant information of all its work, process necessary document retrieved, edit and update information concerning worker and customers. The amount of data being handled by organization has grown larger in recent years that managing it properly has become a sophisticated operation, an operation you are likely to be involved in the financial environment. In any organization,...