DESIGN AND IMPLEMENTATION OF A COMPUTERIZED AUDITING SYSTEM FOR A FINANCIAL INSITITUTION A CASE STUDY OF FIRST 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.