Problem And Prospect Of Auditing Small And Medium Scale Enterprises In Nigeria
ABSTRACT
This study focused on the problems and prospects of auditing
small and medium scale enterprises in Nigeria. The non-adoption of audit as a tool
for financial accountability in enterprises organisation have resulted to the
loss of finance through fraud in many organisations/firms. The population of
study used in this work is the staff of Saclux Industries Nigeria Ltd. Roxama
Industries Ltd and Star Bag Nigeria Ltd with 67 questionnaires distributed to
them and were all returned by the respondents. The statistical instrument used
ias descriptive statistics where the percentage and frequency of the
respondents to each question was used for the analysis. In carrying out the
hypothesis testing, Analysis of variance (ANOVA) was used to test the
hypothesis at 0.05 level of significance. The study found out that auditing of
small and medium scale enterprises has economic importance. The researcher then
recommends that small and medium scale enterprise should adopt audit in other
to terminate the problem of non -accountability in public sector, reduce fraud
and improve the economy. Since the adoption is of great economic importance.
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KENNETH, O (2021). Problem And Prospect Of Auditing Small And Medium Scale Enterprises In Nigeria. Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/problem-and-prospect-of-auditing-small-and-medium-scale-enterprises-in-nigeria-7-2
ONWUZURUIKE, KENNETH. "Problem And Prospect Of Auditing Small And Medium Scale Enterprises In Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 22 Sep. 2021, https://repository.mouau.edu.ng/work/view/problem-and-prospect-of-auditing-small-and-medium-scale-enterprises-in-nigeria-7-2. Accessed 25 Nov. 2024.
ONWUZURUIKE, KENNETH. "Problem And Prospect Of Auditing Small And Medium Scale Enterprises In Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 22 Sep. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/problem-and-prospect-of-auditing-small-and-medium-scale-enterprises-in-nigeria-7-2 >.
ONWUZURUIKE, KENNETH. "Problem And Prospect Of Auditing Small And Medium Scale Enterprises In Nigeria" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/problem-and-prospect-of-auditing-small-and-medium-scale-enterprises-in-nigeria-7-2