TABLE OF CONTENTS
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Research Objectives
1.4 Research Questions
1.5 Research Hypothesis
1.6 Significance of this study
1.7 Outline of Chapters
Conceptual Literature Review
Theoretical Literature Review
Theory of Profitability
Empirical Literature Review
3.2 Research Design
Sampling and Sampling Techniques
Instrument for Data Collection
Validity and Reliability of the Instrument
Data Collection Methods
Data Analysis Methods
DATA PRESENTATION, ANALYSIS AND
4.1 Presentation of Data
“A” Of the Questionnaire
4.1.2 Section Two (2)
4.2.2 The T-Test
4.2.3 The F-Test
SUMMARY, CONCLUSION AND RECOMMENDATIONS
1.1 Background Of The Study
turbulent effects of the global financial crisis have highlighted the critical
importance of credible high quality financial reporting. Achieving quality
financial reporting depends on the role that the external audit plays in
supporting the quality of financial reporting of manufacturing companies. It is
an important part of the regulatory and supervisory infrastructure and thus an
activity of significant public interest. Process auditing is one of the most
important issues in audit practice today.
financial statement audit is a monitoring mechanism that helps reduce information
asymmetry and protect the interests of the various stakeholders by providing
reasonable assurance that the management’s financial statements are free from
material misstatements. The societal role of auditors should be a key
contribution to financial performance, in terms of reducing the risks of
significant misstatements and by ensuring that the financial statements are
elaborated according to preset rules and regulations. Lower risks on
misstatements increase confidence in capital markets, which in turn lowers the
cost of capital for firms (Heil, 2012).
financial statement users, including current and potential investors, creditors
and others need reliable financial information on which to base their resource
allocation decisions. When the financiers of organizations have confidence and
trust in the audited financial report of an organization, they are bound to
pour in more funds into the organization, which in turn results in increased
financial performance. Regulators and standard setters can increase the
effectiveness of quoted companies by promulgating rules and regulations that
help ensure that audits improve financial information quality. Internal
financial statement users such as management, audit committees and board of
directors have an interest in quality audits, for example; to help reduce the
cost of capital (Miettinen, 2011).
audits performed in accordance with high quality auditing standards can promote
the implementation of accounting standards by reporting entities and help
ensure that their financial statements are reliable, transparent and useful.
Sound audits can help reinforce strong corporate governance, risk management
and internal control at firms, thus contributing to financial performance
(Internal Audits Board, 2011).
statutory audit can reinforce confidence because auditors are expected to
provide an external, objective opinion on the preparation and presentation of
financial statements. Auditors need to be independent in the opinions they
express, while the work they have to do to form their opinions is highly
dependent on and rooted in the real world and may become challenging in some
business environments such as the cement industry. It is against this
background that this research work is carried out. The purpose of this study
therefore is to determine the impact of process auditing on production and
profitability of manufacturing companies in Nigeria.
has an instrumental role in disclosing environmental responsibility for
different entities whether industrial or commercial services, and at all levels
whether micro, meso and macro. Thus, accounting became concerned with achieving
new goals such as measuring and evaluating potential or actual environmental
impacts of projects and organizations. These new goals are of great importance
as they enable many users to take different development decisions that are
economically and environmentally sound (Bala and Yusuf, 2003).
1.2 Statement Of The Problem
level is very low in most private organizations in Nigerian. Low productivity
can be traced to frauds and errors in the account and financial statement of
these firms that often lead to collapse of such organization.
organization do not functional audit unit and they often problems associated
with the report of the financial statements.
The main objective of this research work is to find out the
impact of process auditing on production and profitability in manufacturing
company, the following are the other objectives of this research work. The
importance and advantages of the internal audit function within an organization, Process auditing can
contribute to organizational performance, To examine the relationship between
effective process auditing functions and organizational performance, To evaluate the extent to which
process audit, on production and profitability of manufacturing company.
1.4 Research Questions
Is process auditing contributing to the improvement of the
organizational performance of production and profitability of manufacturing
How does this service enjoy a good hierarchical position for
the guarantee of its independence?
What type of mission does it necessary and adequately has to
achieve its objectives?
1.5 Research Hypothesis
The following will be the research hypothesis
H0: process auditing has no impact on production
and profitability in manufacturing companies
H1: process auditing has impact on production and
profitability in manufacturing companies
1.6 significance of this study
understand the importance and advantages of the process auditing function
within an organization, To explain how process auditing can contribute to
organizational performance, To examine the relationship between effective
internal auditing functions and organizational performance, To evaluate the
extent to which internal audit, in the manifesting companies, is contributing
to the improvement of organizational performance, To propose measures to
increase organizational performance through an effective internal audit
1.7 Outline of Chapters
The research work will be comprises of five chapters,
chapter will be the background of the study, which will bravely give and
introduction to the whole research work. Chapter two of this research work will
be literature review; the researcher will review past researches that have
contributed to this kind of work. Also the chapter three of this research work
will be the methodology of the study; this will show the method that will be
employed for this research work. Chapter four of this research work will be the
data analysis, data from the field work by the research will be analyzed and
interpret in respect to the objectives of the research work. And the concluding
chapter will be chapter five, which will contain the summary of the whole
research work, conclusions of the researcher base on the results and
recommendations by the researcher.
Buyers has the right to create
dispute within seven (7) days of purchase for 100% refund request when
you experience issue with the file received.
Dispute can only be created when
you receive a corrupt file, a wrong file or irregularities in the table of
contents and content of the file you received.
ProjectShelve.com shall either
provide the appropriate file within 48hrs or
send refund excluding your bank transaction charges. Term and
Conditions are applied.
Buyers are expected to confirm
that the material you are paying for is available on our website
ProjectShelve.com and you have selected the right material, you have also gone
through the preliminary pages and it interests you before payment. DO NOT MAKE
BANK PAYMENT IF YOUR TOPIC IS NOT ON THE WEBSITE.
In case of payment for a
material not available on ProjectShelve.com, the management of
ProjectShelve.com has the right to keep your money until you send a topic that
is available on our website within 48 hours.
You cannot change topic after
receiving material of the topic you ordered and paid for.