Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia)

OGBONNA BLESSING NGOZI | 83 pages (13586 words) | Projects

ABSTRACT

This study examined the Impact Assessment of the Role of Internal audit on the performance of public corporation using Abia State Utility Board and Board of Internal Revenue Umuahia as study. The research was aimed a.t internal audit roles on performance and internal control deficiencies, internal audit role with fraud and errors detection, assessment and verification of the reliability of internal audit used in public corporations, evaluation and assessment of the level of compliance of internal audit practices/standards by public corporations with state and federal laws and finally, causes of poor management accountant ability control in public corporations. Data were selected using primary sources. The F statistics and also the Pearson moment correlation were used for testing the research hypothesis formulated. The total sample size was 40 (20 respondents each from the two selected corporation in the state). From the analysis and test carried out the following specific findings were made: internal audit roles on performance and internal control deficiencies with irregularities of receipts, handing and disposal of all funds and other financial resources of the corporation. The study concludes that opening of files on financial report of the corporations within the audit unit and name/number tagging of financial report within the corporations finally, recommendations were made that public corporations studied should regularly ascertain the credibility of receipts and set up and hoc audit committees to monitor all income and expenditure would ensure a high accountability and integrity of the corporations.

Overall Rating

0.0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

OGBONNA, N (2021). Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia). Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/impact-assessment-of-the-role-of-internal-audit-on-the-performance-of-public-corporations-a-study-of-abia-state-utility-board-and-board-of-internal-revenue-umuahia-7-2

MLA 8th

NGOZI, OGBONNA. "Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia)" Mouau.afribary.org. Mouau.afribary.org, 28 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-assessment-of-the-role-of-internal-audit-on-the-performance-of-public-corporations-a-study-of-abia-state-utility-board-and-board-of-internal-revenue-umuahia-7-2. Accessed 27 Nov. 2024.

MLA7

NGOZI, OGBONNA. "Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia)". Mouau.afribary.org, Mouau.afribary.org, 28 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-assessment-of-the-role-of-internal-audit-on-the-performance-of-public-corporations-a-study-of-abia-state-utility-board-and-board-of-internal-revenue-umuahia-7-2 >.

Chicago

NGOZI, OGBONNA. "Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia)" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-assessment-of-the-role-of-internal-audit-on-the-performance-of-public-corporations-a-study-of-abia-state-utility-board-and-board-of-internal-revenue-umuahia-7-2

Related Works
Please wait...