“Internal Audit as a Means of Checking Financial Misappropriation and Ineffectiveness in an Organization. (A Study of Umuahia North Local Government Area)”:- Nwakuba, Rosemary C.

ABSTRACT

The research work ‘‘internal audit as a means of checking financial misappropriation and ineffectiveness in an organization. ” Internal audit is an integral part of the finance structure in the Nigeria public organization, lack of accountability in local government because accounting officers are not held accountable for assets/funds under their control. To examine the effects of internal auditing on financial misappropriation and ineffectiveness. My data was collected using the primary data and the data was analysed using ordinary least square regression. The findings were rejected by the null hypotheses while the alternative hypotheses was accepted. The conclusion has suggested that the accounting officers are saddled with the responsibilities of handling these funds are notproperly checked by the internal audit department.