TABLE OF CONTENT

TITLE PAGE                                                                             PAGES

CERTIFICATION                                                                                I

DEDICATION                                                                                      II

ACKNOWLEDGEMENT                                                                  III

LIST OF TABLE                                                                                IV

CHAPTER ONE: INTRODUCTION

• BACKGROUND OF THE STUDY                                     1
  • OBJECTIVE OF THE STUDY                                                  2
  • SIGNIFICANCE OF THE STUDY                                           3
  • SCOPE OF THE STUDY                                                           3
  • LIMITATION OF THE STUDY                                                4
  • RESEARCH METHODOLOGY                                                4
  • PLAN OF THE STUDY                                                              5

CHAPTER TWO

• MEANING OF PARASTATALS                                     7
  • ESTABLISHMENT OF UNIVERSITY AND THEIR TEACHING HOSPITALS                                                                 7
  • AUDITING IN RELATION TO ACCOUNTS                         9
  • ANNUAL STOCK TAKING                                                   10
  • APPRAISAL OF THE PERFORMANCE OF THE RETURNS                                                                                 11
  • USERS OF AUDIT INFORMATION                                     12

CHAPTER THREE

• INTERVIEW                                                                              15
  • QUESTIONNAIRE                                                                   16
  • OBSERVATION                                                                       16

CHAPTER FOUR

• FINDINGS                                                                                 18
  • HISTORICAL BACKGROUND OF UNIVERSITY OF ILORIN TEACHING HOSPITAL                                          18
  • ORGANIZATION STRUCTURE                                            20
  • ACCOUNT PAYABLES                                                          21
  • SOURCES OF FUND: CAPITAL STRUCTURE                  23
  • AUDITING PROCEDURE AT UNIVERSITY OD ILORIN    TEACHING HOSPITAL                                                              23
  • AUDIT QUERRY                                                                      26
  • INTERNAL CONTROL                                                            27
  • PROCEDURE                                                                            28

CHAPTER FIVE

• PROBLEMS                                                                               31
  • SUMMARY                                                                               32
  • CONCLUSION                                                                          33
  • RECOMMENDATIONS                                                          33

REFERENCE                                                                                      35

BIBLIOGRAPHY                                                                                36

CHAPTER ONE

1. 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.

1. OBJECTIVE OF THE STUDY

          The objective of the study of auditing procedure in government parastatals are as follows.

1. To get adequate and relevant information about the financial aspect of government parastatals.
2. To build new knowledge gained into these research for future use into operation of government parastatals.
3. to find out the extent to which those who elected to oversee the affairs of government parastatals in the teaching Hospital are able to account for their stewardship.
4. To make suggestion and recommendation as to new finding relevant to develop of most of hospital in Nigeria
5. to be able to detect likely error and irregularity and able to make necessary correction as not to affect the government set up.