Effectiveness Of Internal Auditing In The. Management Of Public Sector Establishment (A Case Study Of Ministry Of Finance Owerri)
ABSTRACT
The rapid growth in size and
complexity of government organization has created the importance if internal
auditing, which gave ride to the research. The study was toward the
effectiveness of internal auditing in management of public sector. Internal
auditing is a management control tool, which is referred as an independent
appraisal function for the review of financial report and other system of control.
The approach applied is the survey method, which involved the issue of
questionnaire and personal interview. Both the primary and secondary sources
were used to obtain Data for the research. The population of the study is made
up of 178 Employees of Federal Ministry of Finance Owerri and the samples I
used is 123 derived with the application of Taro yamani Chi-square was applied
for the data analysis of which the hypothesis were tested and accepted. It was
discovered that internal auditing is essential for effective management.
Although some weaknesses were pointed out; such as unqualified audit personnel,
lack of independence, and poor management response to reports. In the view of
the above findings, the researcher recommended that qualified audit personnel
should be engaged to enhance and maintain a good level of independence and pay
adequate attention to the audit reports.
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ONWUCHURUBA, C (2021). Effectiveness Of Internal Auditing In The. Management Of Public Sector Establishment (A Case Study Of Ministry Of Finance Owerri). Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/effectiveness-of-internal-auditing-in-the-management-of-public-sector-establishment-a-case-study-of-ministry-of-finance-owerri-7-2
CHIAMAKA, ONWUCHURUBA. "Effectiveness Of Internal Auditing In The. Management Of Public Sector Establishment (A Case Study Of Ministry Of Finance Owerri)" Mouau.afribary.org. Mouau.afribary.org, 04 Aug. 2021, https://repository.mouau.edu.ng/work/view/effectiveness-of-internal-auditing-in-the-management-of-public-sector-establishment-a-case-study-of-ministry-of-finance-owerri-7-2. Accessed 02 Nov. 2024.
CHIAMAKA, ONWUCHURUBA. "Effectiveness Of Internal Auditing In The. Management Of Public Sector Establishment (A Case Study Of Ministry Of Finance Owerri)". Mouau.afribary.org, Mouau.afribary.org, 04 Aug. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effectiveness-of-internal-auditing-in-the-management-of-public-sector-establishment-a-case-study-of-ministry-of-finance-owerri-7-2 >.
CHIAMAKA, ONWUCHURUBA. "Effectiveness Of Internal Auditing In The. Management Of Public Sector Establishment (A Case Study Of Ministry Of Finance Owerri)" Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/effectiveness-of-internal-auditing-in-the-management-of-public-sector-establishment-a-case-study-of-ministry-of-finance-owerri-7-2