ROLE OF AUDIT IN ENSURING PROPER ACCOUNTABILITY OF LISTED CEMENT COMPANIES’ FUNDS IN NIGERIA
Usman Abubakar Arabo, Umar Faruk Abubakar and Joshua Wilfred Mainu
Volume 4 Issue 2
Abstract
The study assessed the role of audit in ensuring proper accountability of listed cement companies’ funds in Nigeria. The study applied conceptual research and content analysis, where related literatures on the study were reviewed and analysed. The literatures were thoroughly reviewed in order to identify the role of audit in ensuring proper accountability of listed cement companies’ funds in Nigeria. Based on the reviewed literature, the study found that both the two measures of audit (internal audit and external audit) played a very significant role in ensuring proper accountability of listed cement companies’ funds in Nigeria. Meanwhile, internal audit play more role in ensuring proper accountability of listed cement companies’ funds. Thus, the study recommends that companies, businesses and public sector should ensure and maintain regular audit as proved to be very significant in ensuring proper accountability of listed cement companies’ funds. Keywords: Audit; Internal Audit; External Audit; Accountability and Cement Companies
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