Effects Of Internal Audit As A Tool For Achieving Organisational Objectives (A Case Study Of Eco Bank Plc, Umuahia)
ABSTRACT
This work focuses on the effect of internal audit as a tool
for achieving organizational objective. Internal auditing also known as
non-statutory audit is an independent appraisal function established within an
organization to examine and evaluate its activities as a service to the
organization. The aim of internal auditing is to assist member of the
organization in the effective discharge of their responsibilities. The need for
this research work leads to the following research questions: how efficient and
effective ways could profit be made in an organi7ation; to examine the use of
internal audit to realize the employee welfare, to use internal audit as a
means of wealth creation and enhancement of the company's image, to point out
the deficiency in the internal control system used by the bank. Two hypotheses
were formulated using chi-square at five percent(5%) significant error. In this
study, tables, chi-square, questionnaires were used to analyze and testing of
hypothesis. The findings showed that staff are not competent enough due to low
qualifications, however, the following recommendations are engineered to
rectiij the error; foremost, the bank management should work towards employing
internal audit staff with professional qualifications. Furthermore, the
internal auditors should reduce to minimum level, the occurrence of frauds and
accounting errors that militate the functioning of the banking system.
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AZUONWU, S (2021). Effects Of Internal Audit As A Tool For Achieving Organisational Objectives (A Case Study Of Eco Bank Plc, Umuahia). Repository.mouau.edu.ng: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/effects-of-internal-audit-as-a-tool-for-achieving-organisational-objectives-a-case-study-of-eco-bank-plc-umuahia-7-2
SAMUEL, AZUONWU. "Effects Of Internal Audit As A Tool For Achieving Organisational Objectives (A Case Study Of Eco Bank Plc, Umuahia)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 03 Dec. 2021, https://repository.mouau.edu.ng/work/view/effects-of-internal-audit-as-a-tool-for-achieving-organisational-objectives-a-case-study-of-eco-bank-plc-umuahia-7-2. Accessed 24 Nov. 2024.
SAMUEL, AZUONWU. "Effects Of Internal Audit As A Tool For Achieving Organisational Objectives (A Case Study Of Eco Bank Plc, Umuahia)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 03 Dec. 2021. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effects-of-internal-audit-as-a-tool-for-achieving-organisational-objectives-a-case-study-of-eco-bank-plc-umuahia-7-2 >.
SAMUEL, AZUONWU. "Effects Of Internal Audit As A Tool For Achieving Organisational Objectives (A Case Study Of Eco Bank Plc, Umuahia)" Repository.mouau.edu.ng (2021). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/effects-of-internal-audit-as-a-tool-for-achieving-organisational-objectives-a-case-study-of-eco-bank-plc-umuahia-7-2