THE ROLE OF THE AUDITOR IN SMALL BUSINESS ORGANIZATIONS (A CASE STUDY OF SOME SMALL BUSINESSES IN UYO)

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ABSTRACT

A significant contribution to the development and survival of business organization is the role that auditors play. This research work, The Role of Auditors in Small business organizations, give a broad understanding of what the auditors role entails. In the course of this research, data was collected by means of questionnaire. The collected data were analyzed with the aid of percentages. Further analysis was done on relevant information. The statement of research hypothesis was tested using chi-square distribution. The use of internal control questionnaire and evaluation forms by auditors, to ascertain and evaluate the strengths and weaknesses of internal control systems of business organization, with a view to determining the degree of reliance to be placed on the internal control system, is a major finding of this research. The recommendation made in respect of the above finding, is that internal control questionnaire and evaluation forms which auditors use in ascertaining and evaluating internal control system should be constantly reviewed and revised in light of current changes made in clients internal control systems