Evaluation Of Accounting And Auditing Practices In Non-Profit Oriented Organizations (A Study Of Selected Religious Organizations In Aba)

ABSTRACT

The study evaluated the accounting and auditing practices in non-profit organisations, a study of selected religious organisations. Specifically, the study is to find out; if non-use of qualified accountants and auditors influence accounting and auditing practices in non-profit organisations with particular reference to churches. This research was carried out in Aba with a sample size of 100 drawn from a population of 135. Research data were obtained through Primary and secondary sources. The data were analysed using the statistical Packages for Social Science (SPSS) while chi-square were used to test the research hypotheses. From the findings, it was found out that: non-use of qualified Accountants and Auditors does not significantly influence the accounting and auditing practices in non-profit organisations and that a regulatory framework of accounting and auditing is significantly relevant in accounting and auditing practices in non-profit organisations. It was also discovered that lack of accounting knowledge is not significantly related to incomplete record systems of accounting. The null hypotheses were all rejected, from the research, the researcher suggest that the services of Qualified and competent Accountants and Auditors be employed by non-profit organisations. It is also recommended that a strong regulatory framework be set up for greater uniformity in the accounting and auditing functions of non-profit organisations.