INTERNAL AUDITING AND STOCK TAKING

Code: 1526712019  Price: 4,000   31 Pages     Chapter 1-3    6527 Views

Internal auditing and stocktaking are characterized by paucity of literature mostly when it involves having a focus on a particular establishment. Most at the work on auditing have been centered on independent audit. However, effort were made to scrape as much as possible from the dired ground. Internal auditing is this an independent appraisal activity within the organization for the review of accounting, financial and other operation as a basis for services to management. The person who does the above job is known as an internal auditor. While stoking is the counting and checking of the price and physical quantities at goods or items in the store by selected officials at the company. In an establishment like the total Nig. Limited is a company which concentrates much on the marketing of petroleum products though diversification are being made towards such area like agriculture. In the view of different scholars and has been established by the researcher in internal auditing is very important in any organization, since they are eyes and ears of the management and stock being one of goods or items that determines progress or failure of an producing or marketing that should be taken care of.

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