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ROLE OF AUDITORS IN CONTROLLING FRAUD IN GOVERNMENT OWNED ESTABLISHMENT

Code: B84C1122019  Price: 4,000   23 Pages     Chapter 1-3    6578 Views

According to (Chris C. Nwabueze) Auditors plan a vital role in controlling government founds. This goes a long way to give government parastatals guide and aid to achieve its goods and objectives. Auditors from the time of investigates in the book of government to ascertain whether the financial statement of the organization present fairly and accurately its sate of affairs in the opinion of the auditors. Secondly, to ensure a effective internal control system. Thirdly to ensure compliance with relevant statement laws setting up the organization. Fourthly, to ensure that the financial statement is based on the organization’s records. Fifthly, to detect fraud and other irregularities that most government workers engulf themselves in after must more investigation by the auditors, the auditor may have to report in a particular formal as laid down by the civil service that the amount spent are in the lue with the amount budgeted for any period.

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