Eefect Of Internal Auditing On Nigeria Public Sector Management (A Study Of Abia State Ministry Of Finance)

ABSTRACT

The study investigated the effects of internal audit in Nigeria public sector management. The major objectives of the study are to determine if internal audit procedures are effective to safeguard assets of public sector organizations, to determine if internal audit statement of affairs shows the true and fair view of the statement of financial position of Nigeria 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 of the study, survey research design method was adopted. The researcher adopted primary 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 findings further revealed that internal audit has significant impact on the true and fair view of the statement of financial position of Nigeria public sector. The researcher recommends that Government should enact laws that will grant internal audit unit autonomy to discharge their functions. The study further recommends that effective internal audit technique capable of preventing any type of fraud should be established by internal audit unit