Accounting and Audit Procedure in the Government Parastatals. (A Case Study of University of Ilorin Teaching Hospital).

TABLE OF CONTENT

TITLE PAGE                                                                     PAGES

CERTIFICATION                                                                       I

DEDICATION                                                                            II

ACKNOWLEDGEMENT                                                          III

LIST OF TABLE                                                                       IV

CHAPTER ONE: INTRODUCTION

BACKGROUND OF THE STUDY                                     1

.1                                  OBJECTIVE OF THE STUDY                                             2

.2              SIGNIFICANCE OF THE STUDY                                      3

.3              SCOPE OF THE STUDY                                                     3

.4              LIMITATION OF THE STUDY                                          4

.5              RESEARCH METHODOLOGY                                          4

.6              PLAN OF THE STUDY                                                      5

 

 

CHAPTER TWO

2.1         MEANING OF PARASTATALS                                         7

2.2         ESTABLISHMENT OF UNIVERSITY AND THEIR TEACHING HOSPITALS                                                   7

2.3         AUDITING IN RELATION TO ACCOUNTS                     9

2.4         ANNUAL STOCK TAKING                                            10

2.5         APPRAISAL OF THE PERFORMANCE OF THE RETURNS                                                                         11

2.6         USERS OF AUDIT INFORMATION                                12

CHAPTER THREE

3.1         INTERVIEW                                                                     15

3.2         QUESTIONNAIRE                                                            16

3.3         OBSERVATION                                                               16

 

 

 

CHAPTER FOUR

4.0         FINDINGS                                                                         18

4.1         HISTORICAL BACKGROUND OF UNIVERSITY OF          ILORIN TEACHING HOSPITAL                                      18

4.2         ORGANIZATION STRUCTURE                                      20

4.3         ACCOUNT PAYABLES                                                   21

4.4         SOURCES OF FUND: CAPITAL STRUCTURE               23

4.5         AUDITING PROCEDURE AT UNIVERSITY OD ILORIN          TEACHING HOSPITAL                                                   23

4.6         AUDIT QUERRY                                                              26

4.7         INTERNAL CONTROL                                                    27

4.8         PROCEDURE                                                                    28

 

 

 

CHAPTER FIVE

5.1         PROBLEMS                                                                      31

5.2         SUMMARY                                                                       32

5.3         CONCLUSION                                                                  33

5.4         RECOMMENDATIONS                                                    33

REFERENCE                                                                             35

BIBLIOGRAPHY                                                                      36

 

 

 

 

 

 

CHAPTER ONE

1.0         BACKGROUND OF THE STUDY

         Auditing may be defined as a systematic examination testing and confirmation of accounting record and routines to verify their accuracy and compliance with established concept, principle standard and legal requirement.

         However, the Macdonald and Howard LR principle of auditing as a careful examination of the books of account and vouchers of a business, a will enable the auditor to satisfy himself that the balance sheet is property drawn up. So as to give a true and fair view of the state of affairs of the business and whether the profit and loss for the financial period according to the best of his information and explanation given to him and shown by the books of account and if not in what respect he is not satisfied.