THE SIGNIFICANCE AND OBJECTIVES OF SOURCE DOCUMENTS IN AUDIT INVESTIGATION A CASE STUDY OF ORJI CHUKWU AND CO CHARTERED ACCOUNTANCTS

ABSTRACT The concept “source documents” is a familiar term with those involved in keeping accounting records or watch dogs of limited liability and public liability companies and organizations from time to item, most often on annual basis, the independent Auditors call to review the accounting records kept by their clients.  This they do by studying and evaluating the internal control systems in the company.  This approach makes it possible for lapses, discrepancies, deficiencies and bottlenecks to be discovered if any do exist. However, most people do not really understand the role of the auditors in public practice.  To the layman, it’s a matter of detecting for fraud, which is more or less a secondary object f audit. This research has set out to review the role of the auditor in public practice, the statutory and regulatory frame work under which they operate and  the procedures adopted in the course of their duties, to meet the standard required to them.  This task has been carried out with a special reference to Orji Chukwu and co-chartered Accountants a relatively small firm of chartered accountants located at 57 chime Avenue new haven, Enugu Chapter one of this work, takes a critical look at the background information relating to the concept of auditing and investigation procedures in auditing, while chapter two gives a detail tool of the concept of auditing and all other related issues under literature reviews Chapter three, research methodologies, reviews the procedures used in carrying out the research, while chapter four gives details of data obtained during the research with brief comments on the facts that could be deduced there from. Chapter five looks at the inferences drawing from the analysis of data obtained, while the 0last chapter summarizes the results of research, finding in more general items.

TABLE OF CONTENTS
Title page Approval page Dedication Acknowledgement Abstract Table of contents
Chapter one: BACKGROUND INFORMATION 1.1Introduction 1.2The firm 1.3Statement of the problems 1.4Source document and investigation related to capital, reserves, directors and statutory work 1.5Source document and investigations related to debenture, taxation, creditors and accrued charges. 1.6Source document and investigations related to Hp creditors and short term loans 1.7Source documents and investigations related to fixed asset 1.8Source document and investigation related to current asset 1.9Source document and investigation related to group and associate companies 1.9.1Source document and investigation related to profit and loss or income expenditure 1.9.2Scope and limitations 1.9.3Definition of terms
Chapter two: LITERATURE REVIEW 2.1.Relationship between auditing and source document 2.2.Legal framework of auditing 2.3.Regulatory framework of auditing
Chapter three: RESEARCH METHODOLOGY 3.1Sources of data 3.2Determination of sample size 3.3Description of the instrument of data collection 3.4Method of data analysis
Chapter four: PRESENTATION AND ANALYSIS OF DATA 4.1Responses to questionnaires
Chapter five: FINDINGS, RECOMMENDATIONADN CONCLUSION 5.1Findings 5.2Recommendations 5.3Conclusions Bibliography  Appendix