ABSTRACT
The management tool in insuring strict compliance in budgetary
provisions is internal audit. Large and small as well as medium scale
industries have found the need for internal audit headed by the internal
auditor .This has boosted the performance of such Organizations
because of strict adherence to the budgetary provisions. Internal Audit
are employed by the organization and are integral part of the
organization, work exclusively for the sustenance of the organization.
Auditing is the wçrk carried.on by the auditpr, when he verifies
accounting data determines the accuracy and reliability of accounting
statement standard and reports on his findings. It is an activity carried on
by an independent person with the sole aim of reporting on the fairness
of the financial statements.
The institute of Internal Auditors defines Internal Audit as an
independent appraisal 'function established within an organization to
examine and evaluate the adequacy and effectiveness of the
organizational control system and the overall quality of the system
performance. Internal auditing furnishes the executive arms of the state
government with analysis, appraisals, recommendation, counsel and
information concerning the activities reviewed. Internal auditing reviews
the control process by the 'state government, compliance and policies
and efficient use of resources, achievement of established operational
goals and objectives. Internal audit encompass financial and operational
activities. Internal Auditor assist the auditor general the through the
information he makes available, who finally reports to the executive arm
of the government. Due to their expertise and the knowledge of
operation, internal auditors often fulfill ,a consuItancy role of the
executive arm of the state government.
1
Due to the complexities of scientific and technological
development with increasing security of economic resources, it has
QQm imprive Tht thc gvcrprnont hcld pin nçJ ccntrol
their activities. This is achieved through the instrumentality of budgeting.
This bring to bear the significance of government budgetary
process in a democracy both as a tool for macro-economic management
as well as an instrument of public accountability, is underscored by the
tremendous impact public sector budget exerts on both the public and
private sectors. A state budget is the financial plan of government for a
particular period. It shows the expected stream of revenue and the
various uses to which these resources would be employed to achieve
both political and economic goals.
ORJI, K (2021). The Role Of Internal Audit In State Government Budget Implementation A Case Study Of Abia State. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/the-role-of-internal-audit-in-state-government-budget-implementation-a-case-study-of-abia-state-7-2
KALU, ORJI. "The Role Of Internal Audit In State Government Budget Implementation A Case Study Of Abia State" Mouau.afribary.org. Mouau.afribary.org, 09 Jun. 2021, https://repository.mouau.edu.ng/work/view/the-role-of-internal-audit-in-state-government-budget-implementation-a-case-study-of-abia-state-7-2. Accessed 31 Oct. 2024.
KALU, ORJI. "The Role Of Internal Audit In State Government Budget Implementation A Case Study Of Abia State". Mouau.afribary.org, Mouau.afribary.org, 09 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/the-role-of-internal-audit-in-state-government-budget-implementation-a-case-study-of-abia-state-7-2 >.
KALU, ORJI. "The Role Of Internal Audit In State Government Budget Implementation A Case Study Of Abia State" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/the-role-of-internal-audit-in-state-government-budget-implementation-a-case-study-of-abia-state-7-2