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PROJECT TOPIC AND MATERIAL ON THE AUDITOR AS AN INDISPENSABLE PART OF A PROFITABLE BUSINESS ORGANIZATION
The Project File Details
- Name: The Auditor As An Indispensable Part Of A Profitable Business Organization
- Type: PDF and MS Word (DOC)
- Size: [70 KB]
- Length:  Pages
1.1 BACKGROUND OF THE STUDY
Complexity and growth in a business organization calls for employment or more employee and separation of business from the owners thus, is because the owner cannot efficiently oversee the various departments due to increase in the size of the business. Therefore there is need for extra hands, managers are then employed as stewards to oversee or look after the business assets and control certain departments.
It is pertinent that as the business continues to show a growth rate, the sole proprietorship will gradually give way to partnership will gradually give way to partnership perhaps one to need of better management and also due to of bigger capital. As the partnership became Bigger, it ushers in the limited liability company which came in with the share holding concept a situation where a very large capital is required of a business venture by the public each contributing a single unit of share.
The shareholders as the owners of the business appointed directors to run the day to day affairs of the company. The directors in form appoint managers to serve as stewards of the company.