ABSTRACT

The study is an attempt to discern the comparative evaluation of impact of accounting and auditing practices in non-profit making organizations. Although the study views the entire non-profit making organization at large, particular emphasis is on some selected religious organizations, The Assemblies of God Church, Living Apostolic Ministry mc, and Living Word Ministries lnc, Aba, and Umuahia Abia State. The study observed that notwithstanding the legal and statutory function of accounting and auditing practices which is to examine and scrutinize the documents for accounting and transparency, yet there has been a reported case of lack of accounting and auditing practices in non-profit organizations. The Chi-square (X2) statistical tool was used to test this hypothesis questionnaires were distributed to the staff and members of Assemblies of God Church (AG), Living Word Ministry (LAM), and Living Word Ministries(LWM) all in Aba and Umuahia, Abia State, out of which 48 were completed and returned. The study found out that lack of accounting and auditing practices has not significantly affected the performance of non-profit organizations. The study found out that lack of accounting and auditing practices in non-profit entities has hampered internal control and has also increase issues of fraud and other sharp practices. In view of these findings, the study made some recommendations. There is need for accounting and auditing practices in non-profit making organization specifically in religious organizations.