This is a complete project materials on Auditing: An Essential Tool In Effective Management And Control Of Cooperative Businesses from chapter one to five with references and abstract. (A CASE STUDY OF SELECTED CO-OPERATIVE SOCIETIES IN ANINRI L.G.A, ENUGU STATE)
ABSTRACT
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Auditing is an objective and systematic examination of accounts of an organization as to enable an auditor to make a report on the balance sheet and or other statements, which have been extracted therefore to those whom he is appointed to report.
The selected co-operative societies were critically examined with a view to finding out the role of auditing as essential, tool for effective management and control of cooperative businesses. Data was collected the use of questionnaire, personal interviews and observation; the data were collected and analyzed with the use of the table and percentages.
In this research, it was discovered that (1) Cooperative auditing is an essential tool in effective management of co-operative businesses (2) Though auditing is adopted in virtually of all the cooperative societies, it’s practices and application is hampered by the problems of inadequate auditors as well as poor cooperative extension services.
On the basis of the above findings, the following recommendations were made to enhance the performance of cooperative auditing in Aninri Local Government Area (i) Training and retaining of cooperative officers as well as societies, secretaries should be intensified. (ii) Primary societies need to affiliate to secondary unions to ensure provision of auditing facilities.
With the above recommendations, it is hoped that the performances of cooperative business enterprises will improve tremendously, especially in the area of auditing and international control.
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGMENT
ABSTRACT
TABLE OF CONTENTS
LIST OF TABLE
CHAPTER ONE
1.0. INTRODUCTION
1.1. BACKGROUND OF THE STUDY
1.2. STATEMENT OF THE PROBLEM
1.3. RESEARCH QUESTIONS
1.4. OBJECTIVES OF THE STUDY
1.5. SIGNIFICANCE OF THE STUDY
1.6. SCOPE AND LIMITATION OF THE STUDY
1.7. DEFINITION OF TERMS
CHAPTER TWO
2.0. LITERATURE REVIEW
2.1. MEANING OF AUDITING
2.2. DISTRIBUTION BETWEEN AUDITING AND ACCOUNTING
2.3. THE RELEVANCE OR BENEFIT OF AUDITING TO CO-OPERATIVE BUSINESSES
2.4. VARIOUS FORMS OF AUDITING IN COOPERATIVE SOCIETIES
2.5. ACTS OF FRAUD AND TYPES OF ERRORS IN AUDITING CO-OPERATIVE SOCIETIES.
2.6. AUDIT REPORTS AND OPINIONS
2.7. INTERNAL CONTROL SYSTEM IN COOPERATIVE BUSINESSES
CHAPTER THREE
3.1. RESEARCH DESIGN
3.2. AREA OF THE STUDY
3.3. POPULATION OF THE STUDY
3.4. SAMPLE SIZE DETERMINATION
3.5. SOURCE OF DATA
3.6. QUESTIONNAIRE DESIGN AND ADMINISTRATION
3.7. SAMPLE SIZE DISTRIBUTION
CHAPTER FOUR
4.1. DATA PRESENTATION ANALYSIS AND INTERPRETATION
CHAPTER FIVE
5.0. SUMMARY OF FINDINGS, RECOMMENDATIONS AND CONCLUSIONS     Â
5.1. SUMMARY OF FINDINGS
5.2. RECOMMENDATIONS
5.3. CONCLUSION
BIBLIOGRAPHY
APPENDIX
       QUESTIONNAIRE
CHAPTER ONE
1.0. INTRODUCTION
The quest of man for economic survival and self-relevance over the years led to new ways of doing business through combined effort. Under this business organization, interested persons pool their resources both human and material together for the attainment of a pre-defined goal.
This business unit called cooperative business has remained a vital source for community development; here the unprecedented has spread across the globe.
With the collapse of the pre-Rochdale cooperatives initiated by Robert owen and Dr. Willian king a vacuum was created. The suffering workers were yet to find a solution to their pitiable conditions.
This did not happen until 1844; when a group of twenty-eight (28) working class persons mostly weavers formed the first ever successful co-operative society in a small village of Rochdale in Manchester, England.
Subsequently, the ideas of co-operatives grow in other countries like; France, Germany, Sweden, India, Italy and China.
Modern co-operatives in Nigeria started in 1935 with the enactment of cooperative societies ordinance of 1935. Prior to this in 1934, the then government of Nigeria requested for an expert to advise them on the possibility of introducing co-operatives in Nigeria.
A cooperative expert working in India, Mr. C.F.I Strickland was therefore commissioned in 1935 to study the working of the West African cooperatives. Upon this report, the first cooperative ordinance was enacted.
Cooperative business requires individual or member participation however, no larger societies, management committee are entrusted with the management function of planning, coordinating, directing and marketing etc.
In other words, majority of the member-owners may not be involved in the management of the business. They therefore need to be assured that their pool of resources will be properly harnessed to obtain the required refunds.
Hence, they need to take steps to guide the business activities so that predetermined goals and standards are achieved. That is control. One of the controlling measures which is an essential tool for effective management and control of cooperative business is auditing.
According to Leshie (1974), auditing prevents fraud and errors, but by deterrent and moral effect of an auditor. Section 40 of the Eastern Nigerian cooperative societies law and Rules, cap 28 of 1963, demands that there should be an annual audit in every cooperative societies.
Auditing reinforces the confidence of the members in cooperative societies. They feel that somebody is there as a watchdog. As frauds and errors in posting of book and records of cooperative business enterprise are discovered during auditing, reliability of find or annual account is assured.
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