AN ASSESSMENT OF THE IMPACT OF INTERNAL AUDIT FUNCTION

AN ASSESSMENT OF THE IMPACT OF INTERNAL AUDIT FUNCTION IN STATE MINISTRIES (A CASE STUDY OF ENUGU STATE MINISTRIES OF WORKS HOUSING AND EDUCATION)

ABSTRACT

The aim of this research is to asses and evaluate the impact of internal Auditing in ministries and to ascertain the extent to which government finance and properties are accounted for. The research will be tested in different hypothesis, where the Null hypothesis will be rejected and the alternative hypothesis will be accepted. The method of data collection will be both primary and secondary. In the course of this research the researcher will encounter some constraints such as financial constraint inadequate material and initial resistance to release information by the staff of the ministries.This project will be helpful in solving practical problem associated with auditing especially to students and any other person with little or no practical auditing experience.In addition some recommendation will be made which if implemented will enhance the advancement of internal auditing organizations.

TABLE OF CONTENT

CHAPTER ONE

1.1 Introduction 1-6

1.2 Statement of problem 6-7

1.3 Objective of study 7-8

1.4 Scope and limitation of study 8-9

1.5 Relevance of study 9-10

References 10-11

CHAPTER TWO

2.1 Historical background of internal audit in government 12-16

2.2 Objective and audit 16-17

2.3 Advantage of internal Audit 17-18

2.4 Internal control and check 18-19

2.5 Qualities of an Auditoe 19-20

2.6 The role of internal audit 20-23

Qualities control of internal Audit 23-38
REFERENCE

CHAPTER THREE

RESEARCH METHODOLOGY 40

3.1 Research design 40

3.2 Sample selection 40

3.3 Sampling technique 41

3.4 Source of data 41-42

3.5 Questionnaire design 42

3.6 data treatment and method of analysis 42

REFERENCE

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1 introduction 43

4.2 Presentation of data from research questionnaire 43-39

4.3 Test any prove of hypothesis 60-64

CHAPTER FIVE

FINDINGS CONCLUSION AND RECOMMENDATION

5.1 Summary of findings 65-66

5.2 Conclusion 66-68

5.3 Recommendation 68-70

5.4 Suggestions for further studies 70-71

Bibliography 72-73

Appendix 74-80

CHAPTER ONE

INTRODUCTION

As government has grown in scope size and complexity so too the need for internal auditing accounting for and controlling government receipts and expenditure has resulted in the need for a staggering number of government clerks, accountants and auditors. The need for control over government revenue appropriation and expenditure should not be surprising federal, state and local government is actually the largest industry in the country. However the need for efficient and effective internal auditing system in government ministries and extra- ministerial department can not be over emphasized as the complexity of government activities is obvious .

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