AUDITING EFFICIENCY AS A TOOL FOR IMPROVING COMPANY’S PERFORMANCE (A CASE STUDY OF NIGERIAN BREWERIES PLC 9TH MILE ENUGU

ABSTRACT Efficiency in auditing provides means of appraising company’s performance and diagnosing its ills and weakness. The researcher conducted a critical study on this topic with the intention of finding out the extent to which the company Nigeria breweries plc. Aba has carried out efficiently appraised and highlighted deficiencies and inefficiencies which are usually believed as not existing and whether the company Nigeria breweries plc, Aba is as efficient as it should be. The researcher also carried out a study t find out the causes of low company performance and how best to eradicate this annually by applying efficiency in auditing process. This research work is broken into five chapters. The first chapter gives the general introduction and discussions of the background of the study, statement of the study, objectives of the study, significance of the study, hypothesis testing, scope and definition of terms. Chapter three deals with research design and methodology. Chapter four deals with data analysis. Chapter five deals with findings, recommendation and conclusion. The researcher used oral and written data library research which formed part of the secondary data. Based on the above facts, the researcher formulated test hypothesis making use of null hypothesis the company auditing process is not efficient. Alternative hypothesis-H1. The company’s auditing process is efficient. Lastly attempt made on how best Nigerian breweries plc should be improved by applying efficiency in auditing process by carrying out the following objectives. General analysis of the company. Reviewing and appraising the soundness, adequacy and application of accounting and other operational control. Ascertaining policies, plans and procedures of auditing by the company.

TABLE OF CONTENTS Title pageII Certification pageIII DedicationIV AcknowledgementV AbstractVII
CHAPTER ONE Introduction1 1.1Background of the study1 1.2Statement of the study2 1.3Objectives of the study2 1.4Significance of the study3 1.5Hypothesis testing4 1.6Scope and limitations of the study4 1.7Definition of terms5
CHAPTER TWO Literature review8 2.1historical background of auditing8 2.2Historical background of Nigerian breweries plc, Aba purpose of auditing11 2.3Purpose of auditing14 2.4Selection of auditors15 2.5Audit of management16 2.6Collection and evaluation of evidence17 2.7Evaluation of internal control system22 2.8Planning for an auditors36 2.9Internal auditors importance37 2.10Procedure for efficiency in auditing39 2.11Reliance on other auditors40 2.12Role of auditing in companies41 2.13Preparation of audit report42 2.14Reference note44
CHAPTER THREE Research and Methodology45 3.1Sources of data45 3.2Interview question45 3.3Methods of investigation46 3.4Limitation of the study48
CHAPTER FOUR Data analysis51 4.1Summary of data analysis78
CHAPTER FIVE Findings, recommendation and conclusion81 5.1Findings81 5.2Recommendation82 5.3Conclusion85