The thrust of this work is the role of auditors in financial control, to this end, the concept and practice of auditing were generally examined. The company under review is the sole manufacturer of Sous Vegetable Oil and other like jet bar soap, gold bar soap and its environs, enjoys monopolistic tendencies.

The essence for “financial control” by this level cannot be over-emphasized as the sources and application of funds involving the company has to be presented to the owners.

In a true & fair view, to achieve this objectives, an independent examination and expression of rational opinion on the financial statement of the company is simply called Auditing. Paragraph ‘4’ of the Auditors standards and guidelines states that the auditors should obtain relevant and reliable audit evidence sufficient o enable him draw reasonable conclusion.

In the older, emphasis was not placed on Auditing; but now, Accountants and business-men recognize auditing as an effective instrument of operating and financial control.

Also, it is obvious that the public expectation of Audit reports run at cross-roads with what is obtainable in practice and this widened the gap impacts seriously on the investments decisions of the investing public. Auditing should not be stifled by bad acts which are irrational and unnecessary.

During the research work, the format of research questionnaire were used, interview sessions and etc were also used to complete the effort of questionnaire.

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of contents

CHAPTER ONE

Introduction

1.1 background of the study

1.2 Statement of the problem

1.3 Objectives of study

1.4 Significance of study

1.5 Delimitation & imitations

1.6 Definition of terms

CHAPTER TWO

Literature Review

2.1 Origin and purpose of auditing

2.2 Definition of auditing

2.3 Role of auditors in financial control

2.4 Duties and rights of auditors

2.5 Auditing and computer environment

2.6 Audit practitioners & types of audit

2.7 Provisions of “CAMD” 1990 on auditing

2.8 Impact of professional bodies on auditing

2.9 The essence of internal control in an organization

CHAPTER THREE

OVER VIEW AND RESEARCH METHODOLOGY

3.1 SOUS Enterprises Ltd. A model of Sous vegetable oil

3.2 Functions & Job descriptions of internal & External auditors

3.3 Types of accounting records.

3.4 Sources of data

3.5 Samples used.

CHAPTER FOUR

DATA ANALYSIS AND PRESENTATION

4.1 Introduction

4.2 Analysis of responses and presentation

4.3 Testing of hypothesis

4.4 Acceptance of tested hypothesis

4.5 Interpretation of results.

CHAPTER FIVE

5.1 Summary of findings

5.2 Discussion of finding

5.3 Conclusion

5.4 Recommendation

Bibliography

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

The role of auditing have been taken as the major thing in an organization. In the past, the management of the economy has been characterized by corruption and mis-management of funds.

The performance of our economy at past therefore says that the economy problems now are the uncommitted and corrupt leadership. By this dirty characters by our leaders, I begin to wonder what roles the auditors has been playing to build a virile nation.

The aim of accountability in any society is to show how well firms and people of public and private funds and property have performed. Rather, many people in this time