ABSTRACT
This is an in-depth study on "The Effectiveness of
Internal Audit as an Instrument of Improving Public Sector Management".
This topic is all about the importance of Internal Auditing as a tool for
efficient and effective fin,ancial recording. The purpose of this study is to
define the work of an internal auditor which will help for an effective
financial reporting. That is mainly to PREVENT and FISH OUT errors, omissions
and frauds that want or might have been present in the organization. In
carryout the above aim, available literatures on the area of the study were
reviewed. Questionnaires were used to obtain data from respondents. The total
population for the study was 50; while the sample size is 44.44 out of 38
questionnaires distributed by the researcher which were returned. The
statistical techniques used for the analyses of data, and hypotheses testing
were simple percentage and Chi-Square (X2) test respectively. The findings
established include; Abia State Ministry of Finance has internal audit
department; The audit department in the Ministry has an organizational chart
which shows the functions, authorities and xi responsibilities of every staff;
Internal auditors inspect the records regularly; etc. Based on the above
findinys, the following recommendations were made; The management of Ministry
of Finance, Umuahia should ensure that they implement practice of the domestic
reports of internal auditor of which will help immensely in increasing the
performance of the management; the internal auditor should maintain a
regularand periodic inspection of records; the management of Ministry of
Finance, Umuahia should maintain its organizational chart that shows the
functions, authorities and responsibilities of every staff; the management of
Ministry of Finance, Umuahia should maintain its reliable internal control
system; the internal auditor should be given free hands in the course of
performing his/her work.
AGHABANTI, S (2021). The Effectiveness Of Internal Audit As An Instrument Of Improving The Public Sector Management (A Study Of Abia State Ministry Of Finance, Umuahia). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/the-effectiveness-of-internal-audit-as-an-instrument-of-improving-the-public-sector-management-a-study-of-abia-state-ministry-of-finance-umuahia-7-2
S, AGHABANTI. "The Effectiveness Of Internal Audit As An Instrument Of Improving The Public Sector Management (A Study Of Abia State Ministry Of Finance, Umuahia)" Mouau.afribary.org. Mouau.afribary.org, 14 Oct. 2021, https://repository.mouau.edu.ng/work/view/the-effectiveness-of-internal-audit-as-an-instrument-of-improving-the-public-sector-management-a-study-of-abia-state-ministry-of-finance-umuahia-7-2. Accessed 28 Nov. 2024.
S, AGHABANTI. "The Effectiveness Of Internal Audit As An Instrument Of Improving The Public Sector Management (A Study Of Abia State Ministry Of Finance, Umuahia)". Mouau.afribary.org, Mouau.afribary.org, 14 Oct. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-effectiveness-of-internal-audit-as-an-instrument-of-improving-the-public-sector-management-a-study-of-abia-state-ministry-of-finance-umuahia-7-2 >.
S, AGHABANTI. "The Effectiveness Of Internal Audit As An Instrument Of Improving The Public Sector Management (A Study Of Abia State Ministry Of Finance, Umuahia)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-effectiveness-of-internal-audit-as-an-instrument-of-improving-the-public-sector-management-a-study-of-abia-state-ministry-of-finance-umuahia-7-2