Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia)
ABSTRACT
This study examined the Impact
Assessment of the Role of Internal audit on the performance of public
corporation using Abia State Utility Board and Board of Internal Revenue
Umuahia as study. The research was aimed a.t internal audit roles on
performance and internal control deficiencies, internal audit role with fraud
and errors detection, assessment and verification of the reliability of
internal audit used in public corporations, evaluation and assessment of the
level of compliance of internal audit practices/standards by public
corporations with state and federal laws and finally, causes of poor management
accountant ability control in public corporations. Data were selected using
primary sources. The F statistics and also the Pearson moment correlation were
used for testing the research hypothesis formulated. The total sample size was
40 (20 respondents each from the two selected corporation in the state). From
the analysis and test carried out the following specific findings were made:
internal audit roles on performance and internal control deficiencies with
irregularities of receipts, handing and disposal of all funds and other
financial resources of the corporation. The study concludes that opening of
files on financial report of the corporations within the audit unit and
name/number tagging of financial report within the corporations finally,
recommendations were made that public corporations studied should regularly
ascertain the credibility of receipts and set up and hoc audit committees to
monitor all income and expenditure would ensure a high accountability and
integrity of the corporations.
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OGBONNA, N (2021). Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia). Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-assessment-of-the-role-of-internal-audit-on-the-performance-of-public-corporations-a-study-of-abia-state-utility-board-and-board-of-internal-revenue-umuahia-7-2
NGOZI, OGBONNA. "Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 28 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-assessment-of-the-role-of-internal-audit-on-the-performance-of-public-corporations-a-study-of-abia-state-utility-board-and-board-of-internal-revenue-umuahia-7-2. Accessed 26 Nov. 2024.
NGOZI, OGBONNA. "Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 28 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-assessment-of-the-role-of-internal-audit-on-the-performance-of-public-corporations-a-study-of-abia-state-utility-board-and-board-of-internal-revenue-umuahia-7-2 >.
NGOZI, OGBONNA. "Impact Assessment Of The Role Of Internal Audit On The Performance Of Public Corporations (A Study Of Abia State Utility Board And Board Of Internal Revenue Umuahia)" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-assessment-of-the-role-of-internal-audit-on-the-performance-of-public-corporations-a-study-of-abia-state-utility-board-and-board-of-internal-revenue-umuahia-7-2