Work

Effect of Audit on the Financial Health of Cooperative Societies in Enugu State, Nigeria

Year: 2026

Type: article

Abstract: This seminar paper examined the effect audit on the financial health of cooperative societies in Enugu State, Nigeria, the specific objectives were to; ascertain the effect of internal controls on the financial health of cooperative societies, and determine the effect of data analysis on the financial health of cooperative societies. The researcher selected some cooperative societies from the area under study, the opinion of their members who were 422 in number was collected in the exercise. The data were presented by the researcher using table, frequencies and percentages. Hypotheses raised for the study were tested with Analysis of Variance (ANOVA) statistical tool. The result indicate that, there is a significant effect of internal controls on the financial health of cooperative societies, secondly, there is a significant effect of data analysis on the financial health of cooperative societies. The researcher recommends that; there should be judicious use of auditing services in the cooperative societies to expose weaknesses, and see that their financial health is maintained all the time. And measures should be put in place to see that cooperative societies audit their accounts all the time, it become a condition for some funding for the societies

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.22305623

Authors: Ogbodo, Amobi John (Ph.D.), Nwankwo, Peace Chinwendu, Ayanbanji, Kolo Grace Yemisi

Institutions: Enugu State University of Science and Technology, Federal Polytechnic Nekede

Language: English

Topic: Cooperative Studies and Economics

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W7208786786

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