Auditing As An Indispensable Tool For Economic Development (a Case Study Of Texco Nigeria Plc Lagos State)

INTRODUCTION 1.1BACKGROUND OF THE STUDY  The management of the economy in the past has been characterized by corruption and financial mismanagement which made the country to have persistent balance  of payment problems. This financial mismanagement was more pronounced during the civilian administration of 1979- 1983 and the dictatorial government of general Sani Abacha of 1993 to 1998.  The performance of the economy in the past therefore suggest that our economic  problem today are the bye product of unpatriotic, uncommitted, selfish and corrupt leader ship.  In the face of glaring corruption…