Effect Of Internal Audit Activities On Performance Of Banks In Nigeria (A Study Of Union Bank Plc Aba, Abia State)

ABSTRACT

This study is to examine the effect of internal audit activities on the performance of banks in Nigeria. The specific objectives are; to investigate the impact of audit meetings on fraud detection in banks, to examine the impact of audit standards on fraud prevention and control in banks, to determine the impact of audit competency on accountability of banks. To achieve the objectives of the study survey research design was adopted. To test the hypotheses, simple regression analysis was used. The findings revealed that audit meetings significantly influence fraud detection in banks. The findings also revealed that there is a significant impact of audit standard on fraud prevention and control in banks. The study recommends that auditors should endeavor to be independence in the course of discharging their duties, they should not compromise when carry out audit work. That would affect the performance of banks in Nigeria. The study also recommends that auditors should ensure that they meet the necessary qualification as an auditor before embarking in an audit work that would enable them to be more reputable in their audit work.