1.1. BACKGROUND OF THE STUDY
Auditing can simply be said to be an independent check or investigation of the books of accounts and vouchers of a business with a view to enabling the audit to report whether the balance sheet and profit and loss account are properly drawn up so as to show a true and fair view of the state of the affairs and the best of the information and explanations obtained by the Auditors and that they comply with the rules laid down by the Statements of Standard Accounting Practice and other statutory regulations.(Aiike 2012)
Internal audit which happens to be a major type of auditing is a review of the operation procedures and records of the business internal auditing is itself an internal control which operates by appraising and reporting on the effectiveness of the other controls. Thus, the main objective is to assist management in discharging its responsibilities and to evaluate compliance with corporate procedures. The role of internal auditors therefore, is to provide an overall assurance to management that all key risk within an organization is managed effectively so that the organization can achieve its strategic objective.
External Audit: The external auditors are officers from supervisor agency or independent firm to examine accounts, document independently. However, this project topic is restricted to internal audit system, taken the National Board for technical education as a case study.
Given today’s complex and rapidly changing management climate and labour market, most large companies, there is a high demand for auditors. This has resulted in preparing Nigerian undergraduate students most especially the accounting and education disciplines to have a basic and sound knowledge of internal auditing as it would improve their chances of being absorbed into the labour market. Major institution and governmental agencies are implementing continuous improvements to achieve efficiency and assure all concerned parties of solid corporate governance through effective auditing.
The need for the equipping accounting education students across Nigerian tertiary institutions has grown enormously as a result of the dynamic and competitive nature of the Nigerian labour market.
1.2. STATEMENT OF THE GENERAL PROBLEM
The poor educational system of our tertiary institutions when compared to other advanced nations has resulted to the lack of basic tools for effective competition of our graduates of accounting education in the ever competitive labour market; a basic tool for accounting education students that has long been neglected among accounting education students is the aspect of auditing. overtime, there has been a notion that accounting education students should be streamlined to the classroom this has unfortunately contributed to the neglect of auditing as a core course which has ultimately led to the graduation of accounting educationists who are not adequately equipped to delve into the labour market.
1.3. AIMS AND OBJECTIVES OF THE STUDY
The major aim of the study is to examine the relevance of auditing in the preparation of accounting education students for employment in Enugu state. Other specific objectives of the study include;
1. To examine the importance to auditing in employment creation in Nigeria.
2. To examine the level of preparation of accounting education students in auditing in Nigeria.
3. To determine the constraints to auditing in preparation of accounting education students for employment opportunities in Nigeria.
4. To examine the relationship between auditing and employment for accounting education students in Nigeria.
5. To recommend other ways of improving the preparation of accounting education students for employment in Nigeria
1.4. RESEARCH QUESTIONS
1. What is the importance to auditing in employment creation in Nigeria?
2. To examine the level of preparation of accounting education students in auditing in Nigeria?
3. What are the constraints to auditing in preparation of accounting education students for employment opportunities in Nigeria?
4. What is the relationship between auditing and employment for accounting education students in Nigeria?
5. What are the other ways of improving the preparation of accounting education students for employment in Nigeria
1.5. RESEARCH HYPOTHESIS
H0: There is no significant relationship between auditing and employment for accounting education students in Nigeria.
H1: There is a significant relationship between auditing and employment for accounting education students in Nigeria.
1.6. SIGNIFICANCE OF THE STUDY
The study would be of immense benefit towards the improvement of employment of accounting education students in Nigerian tertiary institutions with the sole purpose of increasing their employment possibilities in the Nigerian labour market. The study would equally be of immense benefit to students, researchers and scholars who are interested in developing further studies on the subject matter.
1.7. SCOPE AND LIMITATION OF THE STUDY
The study is restricted to the relevance of auditing in the preparation of accounting education students for employment in Nigeria using Enugu state as a case study.
LIMITATION OF THE STUDY
Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).
Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.
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