Effect Of Internal Auditing On Nigeria Public Sector Management (A Study Of Abia State Ministry Of Finance):- Onwuka, Mba Goodness O.

ABSTRACT

The study investigated the effects of internal audit in Nigeria public sector management. The major objectives ofthe study are to determine ifinternal audit procedures are effective to safeguard assets of public sector organizations, to determine ifinternal audit statement ofaffairs shows the true andfair view ofthe statement offinancial position ofNigeria public sector and to ascertain the extent to which internal audit helps in enforcing compliance to rules and regulations regulating public sector accounting and auditing. To achieve the objectives ofthe study, siu^vey research design method was adopted. The researcher adopted prmaiy data in getting the required information. In testing the hypotheses, simple regression was used. The findings revealed that internal audit has significant impact on effective safeguarding of assets of public sector organizations in Nigeria. The findingsfurther revealed that internal audit has significant impact on the true andfair view ofthe statement offlnancial position ofNigeria public sector. The researcher recommends that Government should enact laws that will grant internal audit unit autonomy to discharge theirfimctions. The study further recommends that effective internal audit technique capable ofpreventing any type offraud should be established by internal audit unit.