Description
ABSTRACT
This research work deals with the challenges of internal audit function in the Nigerian public sector with reference to Kaduna state ministry of finance. Internal auditing is a process generally adopted towards ensuring and safeguarding of resources and promoting operational efficiency in organization. The objective of this study has been to evaluate the internal control system in the Nigerian public sectors, to ascertain the non- implementation of routine audit report and the lack of proper segregation and assignment of duties. In recent times, a combination of forces has led to a quiet revolution in the profession. Government moving towards democracy must demonstrate accountability in the use of public money and efficiency in the delivery of service. In many cases internal control system are weak, staffs are poorly paid making them unmotivated, coupled with non- implementation of routine audit report by appropriate authorities. The Responses from staffs were analyzed using relevant statistical tools from which three hypothesis were formulated and tested using Z-test statistics, while questionnaire were analyzed in tabular form using simple percentage. It was discovered that the internal audit is facing a lot of challenges which includes inadequate staffing, lack of independence, lack of facilities to carry out audit function and also poor funding. As a result of some of these challenges the effectiveness of the internal audit in the Nigerian public sectors, has been hindered as well as the organizational change it can bring to its environment. I recommend that for internal audit to be effective, it must be a completely independent group, adequately funded and equipped with qualified internal auditors as well as sufficient opportunities for internal auditors to become qualified.
TABLE OF CONTENTS
Approval page
Certification
Dedication
Acknowledgment
Abstract
List of tables
CHAPTER ONE
1.1 Background of the study
1.2 Statement of the study
1.3 Statement of the objectives
1.4 Research questions
1.5 Research hypotheses
1.6 Significance of the study
1.7 Scope of the study
1.8 Limitations of the study
1.9 Definition of terms
CHAPTER TWO:
Review Of Related Literature
2.1 Introduction
2.2 Organizational structure of ministry of finance
2.3 Definition of auditing
2.4 Types of auditing
2.5 Meaning of internal audits
2.6 Meaning of internal control
2.7 Meaning of internal check
2.8 Objective and purpose of internal audit
2.9 Qualities required of an auditor
2.10 Elements of internal audit
2.11 Scope of internal audit
2.12 Duties and responsibilities
2.13 Role of internal audit in the Nigerian public sector
2.14 Challenges of internal audit
2.15 Factors responsible for the problem of internal
CHAPTER THREE:
3.0 Research Methodology
3.1 Research design
3.2 Sources of data
3.3 Area of the study
3.4 Population of the study
3.5 Determination of population size
3.6 Reliability Test
3.7 Validity test
3.8 Method of data collection
3.9 Techniques for data analysis
CHAPTER FOUR:
Presentation Of Data, Interpretation And Analysis Of Data
4.1 Presentation of data
4.2 Test of hypotheses
4.3 Discussion of findings
CHAPTER FIVE:
Summary Of Findings, Conclusion And Recommendations
5.1 Summary of findings
5.2 Conclusion
5.3 Recommendations
Bibliography
Appendix