THE ROLE OF AUDITING IN FINANCIAL CONTROL. A CASE STUDY OF SOUS AND SONS ENTERPRISES LIMITED

ABSTRACT The thrust of this work is the role of auditors in financial control, to this end, the concept and practice of auditing were generally examined. The company under review is the sole manufacturer of Sous Vegetable Oil and other like jet bar soap, gold bar soap and its environs, enjoys monopolistic tendencies. The essence for “financial control” by this level cannot be over-emphasized as the sources and application of funds involving the company has to be presented to the owners. In a true & fair view, to achieve this objectives, an independent examination and expression of rational opinion on the financial statement of the company is simply called Auditing. Paragraph ‘4’ of the Auditors standards and guidelines states that the auditors should obtain relevant and reliable audit evidence sufficient o enable him draw reasonable conclusion. In the older, emphasis was not placed on Auditing; but now, Accountants and business-men recognize auditing as an effective instrument of operating and financial control.  Also, it is obvious that the public expectation of Audit reports run at cross-roads with what is obtainable in practice and this widened the gap impacts seriously on the investments decisions of the investing public. Auditing should not be stifled by bad acts which are irrational and unnecessary. During the research work, the format of research questionnaire were used, interview sessions and etc were also used to complete the effort of questionnaire. 
TABLE OF CONTENTS Title page Approval page Dedication Acknowledgement  Abstract Table of contents 
CHAPTER ONE Introduction 1.1background of the study 1.2Statement of the problem  1.3Objectives of study 1.4Significance of study 1.5Delimitation & imitations  1.6Definition of terms
CHAPTER TWO Literature Review  2.1Origin and purpose of auditing  2.2Definition of auditing  2.3Role of auditors in financial control 2.4Duties and rights of auditors 2.5Auditing and computer environment 2.6Audit practitioners & types of audit  2.7Provisions of “CAMD” 1990 on auditing  2.8Impact of professional bodies on auditing  2.9The essence of internal control in an organization 
CHAPTER THREE
OVER VIEW AND RESEARCH METHODOLOGY  3.1SOUS Enterprises Ltd. A model of Sous vegetable oil 3.2Functions & Job descriptions of internal & External auditors 3.3 Types of accounting records. 3.4Sources of data 3.5Samples used.
CHAPTER FOUR DATA ANALYSIS AND PRESENTATION 4.1Introduction 4.2Analysis of responses and presentation  4.3Testing of hypothesis 4.4Acceptance of tested hypothesis  4.5Interpretation of results.
CHAPTER FIVE 5.1Summary of findings  5.2Discussion of finding 5.3Conclusion 5.4Recommendation Bibliography