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07030248044CHAPTER ONE
1.0 INTRODUCTION:
Most people at one time or other would hear of an audit and would also have general idea of what it is. Generally speaking, it is usually in the ancient time for great kind owner not to manage their own land but would appoint person called stewards to manage the land for them.
Nowadays, various social clubs, student union bodies, charitable organizations etc do provide in their constitutions, the election of union officers who collect and disburse the organizations money.
However, it is expected that shareholders who appointed directors to manage their business will be concerned with what happened to their business. The process whereby the managers of a business account or report to the owners of the business is called stewardship accounting.
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