Download Tag: INTERNAL AUDIT

Abstract This study was on role of internal audit in business growth. Three objectives were raised which included: To identify the causes of fraud in public parastatals, to examine how audit could help in the prevention and control of fraud and to examine the existence of internal control system in the organization. A total of 77 responses were received and validated from the enrolled participants where all respondents were drawn from ...

Abstract This study was on effectiveness and efficiency of internal audit as a tool for management control. Five objectives were raised which included; To evaluate the determinant for effective tools in management control, to assess the effects of internal auditing on internal control system of an organization, to under-study, the effectiveness and efficiency of internal audit as a tool for management control, to investigate the type of responsibilities internal audit ...

Abstract This study examined internal audit and fraud control in the Nigerian money deposit banks. The study employed survey design in which a set of questionnaire was administered on the selected banks in Nigeria. The percentage and graphical method was adopted as the method of data analysis. The results indicated that the level of fraud control in Nigerian banks is low; the study also revealed that risk assessment management, system ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY This is a research project. The subject of study is “Internal Audit as a Management Tool”. The choice of the subject matter reflects the researcher desire to shed light on the efficiency and effectiveness of internal audit of corporate organization such as Banks, Manufacturing Company, Government parastatals, etc, through findings, contribute towards evolving an established policies and procedures, thereby ensuring a sound ...

CHAPTER ONE 1.0 INTRODUCTION 1.0 BACKGROUND OF RESEARCH The method of examining the evidence of financial transactions could be traced back to the time when there was need to transact business beyond one’s immediate needs. But such method of examining or checking the evidence of such transaction-known as Audit did not start immediately until after the trade by barter era. It came at a time when individuals noticed that no ...

ABSTRACT This research is conducted to emphasize the essence of internal audit as a veritable control machinery in public organizations drive to improve on their managerial efficiency. This is achievable through the employment of relevant research techniques to obtaining necessary information from the sample population upon which in-depth analysis will be made to highlight the significance of internal audit as a potent machinery of internal control in public enterprises with ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY The' term management was coined from the Italian word "managgiare” which connotes ‘to train horses’. It was originally used to indicate the process of training or coordinating sporting activities. Later its application was extended to the operations of government and businesses. Akpala (2001) describes management as the process of combining and utilizing organization's inputs (men, materials, money and' machine) by the mix of ...

CHAPTER ONE 1.1    INTRODUCTION An effective internal audit department is a prerequisites to the growth and survival of any business organization since all organization either small or big, profit oriented, operate within the conditions or resources constraints and also run high risks of fraud and errors, in view or this, there is a need to introduce or establish operating rules and procedure by establishing on internal audit department in other to ...

ABSTRACT This study is devoted to assessing the role of internal audit an instrument for improving the business growth. The methodology employed include personal interview, written question and library research, various recommendations were made in a bid to improve the business growth via internal audit. The economy today is known to be characterized by incessant frauds, forgeries and mismanagement of public properties. This though a global phenomena, has recorded an ...

CHAPTER ONE INTRODUCTION 1.1        Background to the Study The last decade has witnessed several accounting scandals and corporate failures that were blamed on earnings management practices of firms globally, which audit function was not able to detect. Earnings management involves managers‟ manipulation of the external reporting process and structuring transactions to alter financial reports to either mislead some shareholders about the underlying economic performance of the company or to influence contractual ...

ABSTRACT The nation of an audit for being a watch dog gradually changing for the better as internal auditing has undergone tremendous changes in the decent past. The actual functions of the auditor are often shoulder in secrecy major roles of internal auditing have been clear to majority of people in the society. In view of numerous corrupt practice frauds and embezzlements often be questional it is the realization of ...

CHAPTER ONE INTRODUCTION 1.1      BACKGROUND OF THE STUDY The system of controls adopted in any economy greatly determines the development and growth of that economy. To ensure optimization in money, materials, machine, time, resources and management of men, controls are essential. These controls are installed by many organisations including banks to check how effective and efficient they maximize their resources. One of such controls commonly used to minimize wastage and guide ...

CHAPTER ONE INTRODUCTION 1.1.     Background of the Study Internal audit is a management tool used in ensuring transparency in conduct of business. Auditing took the entire stage after the industrial revolution since before this period, transactions increased, precipitated by the development of large corporations, limited liability companies, there became the need for divorce of ownership from control. Hence mangers and shareholders became two different partners. Then it became apparent for mangers ...

ABSTRACT In order to carryout any management functions effectively the top management of an organization will need information to plan, organize, direct, co-ordinate and control the activities of the organization. The management will generally not time or expertise to collect and analyze the pies of information it needs for its management functions.  Accordingly, the internal auditor is usually appointed to do this on behalf of the management. The internal auditor does ...

CHAPTER ONE 1.0   INTRODUCTION 1.1   BRIEF OVERVIEW OF THE SUBJECT OF STUDY It is generally agreed that finance is the main stay of any economy, be it public or private sector. It is equally true that no meaningful development could be achieved without finance and proper management, as a result of this, many organizations establishes difference systems of control or ensure smooth running of their business of which internal auditing is an ...

CHAPTER ONE INTRODUCTION 1.1. Background of the Study Internal audit is a management tool used in ensuring transparency in conduct of business. Auditing took the entire stage after the industrial revolution since before this period, transactions increased, precipitated by the development of large corporations, limited liability companies, there became the need for divorce of ownership from control. Hence mangers and shareholders became two different partners. Then it became apparent for ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The system of controls adopted in any economy greatly determines the development and growth of that economy. To ensure optimization in money, materials, machine, time, resources and management of men, controls are essential. These controls are installed by many organisations including banks to check how effective and efficient they maximize their resources. One of such controls commonly used to minimize wastage and ...

ABSTRACT This research work has investigated “ the internal audit as a tool for management control” (A case study of project development institute PRODA)which is located in Enugu East Local Government area in Enugu State. The major objective of this project or research was to find out those objectives that made the internal audit as a tool for management control at PRODA in Enugu . To accomplish the above objective ...

ABSTRACT The notion of the auditor being bound or a watchdog is gradually changing for the better as internal auditing has undergone tremendous changes in recent past. The actual functions of the auditor is often surrounded in secrecy or held in some kind of awe. Major notes of internal auditing have not been clear to the majority of people in the society. In view of numerous corrupt practice, frauds and ...

ABSTRACT This study is aimed at ascertaining the use of internal audit as an indispensable aid to management control in any co-operate organization or establishment, the management set standers targets and policies for the attainment of the organizational goals.  But an organ to see to the general control of operations and furnish the management on deviations, varies and co-operate should exist to enable the management exert its control. Internal Auditing within ...