ABSTRACT
This research work is an
appraisal of internal audit functions on public sector governance. It was
conducted on the following objectives: to evaluate the influence of internal audit
functions on public sector performance. Specifically ascertain whether Internal
Audit Departments of the Public Sector in Abia State are adequately staffed to
check fraud and fraudulent activities in such Ministries. and why there is the
persistent existence of frauds and fraudulent activities in ministries despite
the existence and adequate functioning of Internal Audit Departments. This was
done using 80 structured questionnaire distributed randomly to administrative,
accounts and audit units of three parastatals. The gathered data were analyzed
using frequency distribution tables, percentages and chi-square. The findings
of this study are as follows: that there is need for adequate staffing in terms
of numbers, qualification and experience in the Internal Audit Departments of
these parastatals, as well as the establishment of the Department where it is
nonexistent. It was also discovered that there is persistence of fraud and
fraudulent activities because the internal audit in the public sector is ma!
by: poor accounting system, poor policy implementation, political interference,
dishonesty among staff, none prosecution of offenders, lack of professionalism,
weak Internal Control and many other problems; from the hypothesis testing, the
null hypothesis was accepted while the alternate was rejected, it was then
concluded that Internal audit does not effectively check fraud in Abia State
public sector. It is therefore recommended that there should be a creation of
an Infernal Audit Department in those parastatals where there is none. Existing
Departments then should be strengthened by according them the necessary
professional independence and employing adequate number of experienced and
qualified staffs to enable the Department extend coverage of the audit to all
significant activities of ii. the public sector.
JOHN, C (2021). Impact Of Internal Audit Functions On Performance Of Public Sector Governance (A Study Of Selected Parastatals In Abia State). Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-internal-audit-functions-on-performance-of-public-sector-governance-a-study-of-selected-parastatals-in-abia-state-7-2
CHIBUEZE, JOHN. "Impact Of Internal Audit Functions On Performance Of Public Sector Governance (A Study Of Selected Parastatals In Abia State)" Mouau.afribary.org. Mouau.afribary.org, 13 Aug. 2021, https://repository.mouau.edu.ng/work/view/impact-of-internal-audit-functions-on-performance-of-public-sector-governance-a-study-of-selected-parastatals-in-abia-state-7-2. Accessed 27 Nov. 2024.
CHIBUEZE, JOHN. "Impact Of Internal Audit Functions On Performance Of Public Sector Governance (A Study Of Selected Parastatals In Abia State)". Mouau.afribary.org, Mouau.afribary.org, 13 Aug. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-internal-audit-functions-on-performance-of-public-sector-governance-a-study-of-selected-parastatals-in-abia-state-7-2 >.
CHIBUEZE, JOHN. "Impact Of Internal Audit Functions On Performance Of Public Sector Governance (A Study Of Selected Parastatals In Abia State)" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-internal-audit-functions-on-performance-of-public-sector-governance-a-study-of-selected-parastatals-in-abia-state-7-2