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The Impact Of Process Auditing On Production And Profitability In Manufacturing Company
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CHAPTER THREE
Research Methodology
3.1 Introduction
This chapter looked at the research methodology that will be use in the study. This chapter will be presenting the following; research design, the population of the study, the sample and sampling techniques, instruments for the study, validity of the instrument, reliability of the instrument, procedure for data collection and method of data analysis.
3.2 Research Design
This study used survey research design. Ogutu (2012) posits that a survey research method is probably the best method available to social scientists who are interested in collecting original data for purposes of describing a population which is too large to observe directly. In this survey, independent variables will be selected rather than observations and analyses of relationships among the variables will be carried out in their natural settings.
The survey design allowed investigation of possible relationships between variables. In this way the survey design will be more appropriate for the study because it will enable data collection from broader category as well as comparisons between variables.
3.3 Sampling and Sampling Techniques
Leary (2004) defined sampling as the process by which a researcher selects a sample of participants for a study from the population of interest. A sample therefore is the portion of the population of interest that is selected for a study (Doyle Portillo, 2009). Additionally a sampling frame is a complete and correct list of population members only.
A stratified random sampling will be used to obtain the sample size. The population was categorized into the management positions. Auka et al. (2013) posit that stratified random sampling ensures that ensures that all the groups (categories) are adequately sampled and this facilitates comparison among the groups.
Yaro-Yamani sampling technique will be used to draw out the number of respondent for the sample size, which will be randomly selected from the selected manufacturing firms in Ilorin.
Where n = the desired sample size
N = Population under study
e = level of tolerable error= 0.05
1= unit (a constant)
3.4 Sampling Size
A sample size is sub set of the population drawn to represent the entire population or any combination of sampling units that does not include the entire set of sampling units that has been defined as the population (Garson, 2012). As a rule of thumb, for a population less than 1000, a sample of 30% is sufficient in representing the entire population (Blanche, et al 2008). Therefore the proposed sampling size for this research work will be sixty (60), meaning that 60 will be selected randomly from the case study which will be representing the total population.
3.5 Instrument for Data Collection
Structured questionnaire will be used for the collection of data needed for this research work, according to the research questions. Part one will explore the population demographics. Whereby other part(s) of the instrument will be base on the objectives of this research.
3.6 Validity and Reliability of the Instrument
Auka et al. (2012) define validity as the extent to which the test-items measure what they purport to do and reliability as the consistence of a score from one occasion to the next. For the purpose of this study, the validity and reliability will be tested by the use of pilot test and expert judgment of the research supervisor.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACT IS COMING SOON ... Continue reading---
APPENDIX A - [ Total Page(s): 1 ]APPENDIX QUESTIONNAIRE ON THE IMPACT OF PROCESS AUDITING ON PRODUCTION AND PROFITABILITY IN MANUFACTURING COMPANIESDear Respondents, I am final year student of Kwara State Malete writing a project titled “impact of process auditing on production and profitability in manufacturing companiesTherefore, I would be most grateful if the questionnaire is treated well by providing adequate, correct and honest answers to the questions asked in it. The privacy of your answers is guaranteed as nobo ... Continue reading---
CHAPTER ONE - [ Total Page(s): 2 ]CHAPTER ONEINTRODUCTION1.1 Background Of The StudyThe turbulent effects of the global financial crisis have highlighted the critical importance of credible high quality financial reporting. Achieving quality financial reporting depends on the role that the external audit plays in supporting the quality of financial reporting of manufacturing companies. It is an important part of the regulatory and supervisory infrastructure and thus an activity of significant public interest. Process auditing ... Continue reading---
CHAPTER TWO - [ Total Page(s): 3 ]Morris (2011) assert that software vendors that market enterprise resource planning (ERP) system have taken advantage of this new focus on internal controls by emphasizing that a key feature of ERP system is the in-built controls that mirror a firm’s infrastructure. They emphasized these feature in their marketing literature, asserting that these systems will help firm’s improve the effectiveness of their controls as required by Sarbanes-Oxley Act. 2.3 Empirical Literature Re ... Continue reading---
CHAPTER FOUR - [ Total Page(s): 10 ]Hypothesis Ho: process auditing has no impact on production and profitability in manufacturing companiesH1: process auditing has impact on production and profitability in manufacturing companiesDecision Rule: Accept H0if P-value is greater than 0.05, reject if otherwise ConclusionSince the P – value is (0.000) is less than 0.05 we reject H0, we therefore accept H1 and conclude that there is significance relationship between process auditing and production and profitability in manufacturin ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 1 ]CHAPTER FIVESUMMARY, CONCLUSION AND RECOMMENDATIONS5.1 IntroductionsThis chapter of this research gives an overview of the whole research work as this starts with the summary of the work from the first chapter to the last chapter, the findings and the conclusion of this research work, recommendations that were proffered by the researcher as a way by which more research will have a benchmark or point of reference after this research work as to what is expected from them, suggestions were al ... Continue reading---
REFRENCES - [ Total Page(s): 1 ]REFERENCESAdams, M.B. (1994). Agency Theory And The Internal Audit, Managerial Auditing Journal, On Line Http://Www.Emeraldinsight.Com. Aguola, O. (2002). Fundamentals Of Auditing, 2nd Ed. Meridian Associates. Enugu. Anderson, D; Francis, J.R. and Stokes, D.J. (1993).’Auditing, Directorship And The Demand For Monitoring: Journal Of Accounting And Public Policy.Bala, S.K. And Yusus, M. A. (2003). “Corporate Environmental Reporting In Bangladesh: A Study Of Listed Public Limited Com ... Continue reading---
