BACKGROUND OF THE STUDY
It is interesting to note those audits originated from the word audit are: which means of hear in the olden days, a person who was appointed to checks. The accounts of the parties responsible for non financial transaction is used to be called and hear the explanations needed by the person who held the account come to be known as an auditor. Originally, the objectives of an auditor was limited which include trust to ascertain the fact, whether the accounting party has properly receive the receipt and payment of cash on behalf of his principal which more cash audit but the scope of audits today as been widered, it ascertain whether the balance sheet and the profit and loss accounts exhibits a true and fair view of the financial statement of the concerned. This has therefore become the most important part of the auditors duties to the enlargement of size and complexity of business enterprises. Today, the concept and scope of auditing has changed a comprehension definition of auditing given by Roberts E Schlessors and quoted by Jagdish Drakash in his book: Auding; principle practice and problem (1990) says, Auding is an examination of financial statements, records and related operation to determine adherence to generally accepted accounting principle, management policies or stated requirement. In this definition, emphasis was laid on auditing being related to operations and how far they adhere to management policies or stated requirement in other words we find that was the need to introduce effective and reliable.
JOB, A (2021). The Effectiveness and Reliability of Internal Control System in the Banking Industry (A Case Study of Guaranty Trust Bank). Afribary. Retrieved from https://tracking.afribary.com/works/the-effectiveness-and-reliability-of-internal-control-system-in-the-banking-industry-a-case-study-of-guaranty-trust-bank
JOB, AWOEYO "The Effectiveness and Reliability of Internal Control System in the Banking Industry (A Case Study of Guaranty Trust Bank)" Afribary. Afribary, 15 Dec. 2021, https://tracking.afribary.com/works/the-effectiveness-and-reliability-of-internal-control-system-in-the-banking-industry-a-case-study-of-guaranty-trust-bank. Accessed 25 Nov. 2024.
JOB, AWOEYO . "The Effectiveness and Reliability of Internal Control System in the Banking Industry (A Case Study of Guaranty Trust Bank)". Afribary, Afribary, 15 Dec. 2021. Web. 25 Nov. 2024. < https://tracking.afribary.com/works/the-effectiveness-and-reliability-of-internal-control-system-in-the-banking-industry-a-case-study-of-guaranty-trust-bank >.
JOB, AWOEYO . "The Effectiveness and Reliability of Internal Control System in the Banking Industry (A Case Study of Guaranty Trust Bank)" Afribary (2021). Accessed November 25, 2024. https://tracking.afribary.com/works/the-effectiveness-and-reliability-of-internal-control-system-in-the-banking-industry-a-case-study-of-guaranty-trust-bank