DESIGN AND IMPLEMENTATION OF A COMPUTERIZED AUDITING SYSTEM FOR A FINANCIAL INSTITUTION A CASE STUDY OF DIAMOND BANK (NIG) PLC
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DESIGN AND
IMPLEMENTATION OF A COMPUTERIZED AUDITING SYSTEM FOR A FINANCIAL INSTITUTION
A CASE STUDY OF
DIAMOND BANK (NIG) PLC
ABSTRACT
The documentation management system in
most audit firms no doubt, has a difficult task in today’s competitive auditing
industry; hence there is the need for a fat, more efficient and effective
processing system.
Client’s files cannot
be assessed quickly, and many difficulties are experienced in the updating,
verifying and other auditing jobs.
The work is geared towards the
computerization of the existing system of processing data as well as
identifying the various problems which are encountered the manual and
mechanical method of data processing in the auditing of a clients financial
statement of account and to recommend a first class solution to these problems
which is to computerize the auditing/ processes in the banking sector,
The thesis as well compares the
existing system, with the new system, which is the accurate and a faster means
of processing data and the problems faced in preparing a customers financial
statement of account. This alternative will provide a clear and urgent answer
to the problems encountered in the auditing operations and hence fill private
and government organization, industries, banks etc with reliable alterative
functions assurance and dependability of financial statement about the account
of the bank.
The justification of
this lies on the use of manual auditing operation. Finally, the thesis was
concluded with the implementation programming, text run and changeover process
of the new system.
THE ORGANIZATION OF THE STUDY
This study only
focused on the computerization of the existing system of processing data as
well as well as identifying the various problems, which are encountered in the
manual mechanical method of data processing in auditing a client’s statement of
account.
Chapter 1 comes the introduction
statement of the problem, purpose of study, aims and objectives, limitations,
assumption and definition of terms.
Chapter 2 deals with the literature
review.
Chapter 3 Analysis of the exiting
system, fact finding method, organizational structure, objective of the existing
system, input process, output analysis, information flow diagram, problems of
the existing system and justification of the new system.
Chapter 4 covers the specification
design, input specification and design, file design, procedure chart and system
requirement.
Chapter 5, which is the implementation,
comprises of program design program flowchart, pseudocode, source program and
test run.
Chapter 6 covers the documentation,.
Chapter 7 covers the recommendation
conclusion and references.
TABLE OF CONTENTS
Title page
Organization of the
work
Table of figure
Table of contents
CHAPTER ONE
INTRODUCTION
1.1
Purpose of study
1.2
Aims and objectives
1.3
Scope of study
1.4
Limitations
1.5
Assumptions
1.6
Definition of terms
CHAPTER TWO
LITERATURE
2.1
Introduction
2.2
The audit process
2.3
Audit operations
CHAPTER THREE
ANALYSIS OF THE EXIST SYSTEM
3.1
Fact finding methods
3.2
Procedure for data collection
3.3
Organizational structure
3.4
Objective of the existing system
3.5
Input process
3.6
Output analysis
3.7
Information flow diagram
3.8
Problems of the existing
system
3.9
Justification for the new system
CHAPTER FOUR
DESIGN OF THE NEW SYSTEM
4.1
Output specification and design
4.2
Input specification and design
4.3
File design
4.4
Procedure flowchart
4.5
System flowchart
4.6
System requirements
CHAPTER FIVE
IMPLEMENTATION
5.1
Program design
5.2
Program flowchart
5.3
pseudocodes
5.4
Sources program
5.5
Text run
CHAPTER SIX
6.0
Documentation
CHAPTER SEVEN
RECOMMENDATION AND CONCLUSION
7.1
Recommendation
7.2
Conclusion
References
Appendices
Table of figure
Organizational
structure
Input format
Output format
Procedure chart
System flowchart
Program flowchart
CHAPTER ONE
INTRODUCTION
Auditing is an
activity or exercise that implies an incept examination of a set of financial
statements, so as to form an objective opinion which is expressed in the form
of an audit report the financial statement about the transaction of a business
organization.
Prior to the introduction of computers,
auditing was done expansion in business and organization; it became
increasingly difficult and cumbersome to accelerate auditing processing. Files
and documents containing information about the business or organization being
auditing increased in a number and also was hard to keep as they occupy space.
Auditor suffered tremendously because of this.
This came with the intervention
of computers, widely used today n all areas of human and be it in production,
manufacturing, finance purchasing, and auditing resources among others.
The incessant increase in the use of
computer in the public and private sector of the world economics is a clear
manifestation of the efficiency of the operations in achieving results.
However, the ways of auditing manually
in recent times has been confronted with the problems of error traceable to
human mistakes and share comings thus overcoming these problems with computer
is what the researcher is going to consider in this research work.
1.1 PURPOSE OF STUDY
The researcher deemed
it necessary to carryout this work so as to point out those areas that are
associated with manual auditing and also it creates measure to take in other to
alleviate the problems.
This work or study
will be vital in various ways to a number of people including the businessmen,
firms, organization, companies in th filed of auditing. This will be of
immeasurable benefit to auditors from times to time.
1.2
AIMS AND OBJECTIVES
In order to
keep auditing a breast of unreliable records, then there should be the thirst
for reliability and credibility of information and records that facilitate
capital business operations, firms and organizations proceed to establish and
implement computerized measure and alternative to the present auditing.
The aims and
objectives that are involved in investigating on the alternative to manual
auditing operations are to provide for security against dubious minded managers
as well faulty and unreliable records.
This work will as
well serve as a stepping-stone to other researchers in the area of auditing and
thus it will help to improve on this work, so that greater findings and
recommendations will be made under auditing.
1.3 THE SCOPE OF THE
WORK
This research only
considers how problems of auditing manually in the area of financial
organization be it private or government owned could be extremely reduced
or alleviated.
The researcher will
look at the existing nature of the problems and then suggest ways to enhance
them.
I will equally look
at some manual auditing processes but may not go further to expose some
auditing problems because of certain circumstance
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