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The Impact Of Process Auditing On Production And Profitability In Manufacturing Company
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CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Introductions
This 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 also made for further studies.
5.2 Summary
The main purpose if this research work was to investigate impact of process auditing on production and profitability in manufacturing companies. Base on the findings, it was discovered that process auditing has the following effects:
• Increase in the profit level
• Improvement in the return on investment
• Increase in return on equity
• Increase in the market share, and so on.
5.3 Conclusion
Base on the results analyzed, the null hypothesis was rejected and the alternative was accepted, it then concludes that process auditing have positive effects on production and profitability of manufacturing companies.
5.4 Recommendations
• The internal auditors of the manufacturing companies should recommend maintaining and improving their effective contribution for their organizations, by using the supports from their offices management team appropriately, by improving their professional certification in line with the institute of internal audit standards and organizational guidelines and by introducing themselves with modern technologies that improve their function for their office.
• The internal audit staffs of the public sector also recommended to work in accordance with the available internal audit charters, it helps the internal auditors to provide the appropriate reports and to know the extent of their relationships with the managements.
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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 THREE - [ Total Page(s): 2 ]CHAPTER THREEResearch Methodology3.1 IntroductionThis 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 resea ... 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---
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---
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