IMPACT OF AUDITING IN GOVERNMENT PARASTATALS
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The primary goal of any business entity, whether private or public, is to make a profit. Profit is made only when the total revenue exceeds the total cost, and loss incurred when the reverse is the case. A breakeven situation occurs when total revenue is equal to the total cost. Since excess of income over expenditure is profit, there is the ...
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