ABATRACT
The aim of this research is to asses and evaluate the impact of
internal Auditing in ministries and to ascertain the extent to which
government finance and properties are accounted for.
The research will be tested in different hypothesis, where the Null
hypothesis will be rejected and the alternative hypothesis will be
accepted. The method of data collection will be both primary and
secondary.
In the course of this research the researcher will encounter some
constraints such as financial constraint inadequate material and initial
resistance to release information by the staff of the ministries.
This project will be helpful in solving practical problem associated
with auditing especially to students and any other person with little
or no practical auditing experience.
In addition some recommendation will be made which if implemented
will enhance the advancement of internal auditing organizations.
TABLE OF CONTENT
Title page I
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
CHAPTER ONE
1.1 Introduction 1-6
1.2 Statement of problem 6-7
1.3 Objective of study 7-8
1.4 Scope and limitation of study 8-9
1.5 Relevance of study 9-10
References 10-11
CHAPTER TWO
2.1 Historical background of internal audit in government 12-16
2.2 Objective and audit 16-17
2.3 Advantage of internal Audit 17-18
2.4 Internal control and check 18-19
2.5 Qualities of an Auditoe 19-20
2.6 The role of internal audit 20-23
2.7 Qualities control of internal Audit 23-38
REFERENCE
CHAPTER THREE
RESEARCH METHODOLOGY 40
3.1 Research design 40
3.2 Sample selection 40
3.3 Sampling technique 41
3.4 Source of data 41-42
3.5 Questionnaire design 42
3.6 data treatment and method of analysis 42
REFERENCE
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 introduction 43
4.2 Presentation of data from research questionnaire 43-39
4.3 Test any prove of hypothesis 60-64
CHAPTER FIVE
FINDNGS CONCLUSION AND RECOMMENDATION
5.1 Summary of findings 65-66
5.2 Conclusion 66-68
5.3 Recommendation 68-70
5.4 Suggestions for further studies 70-71
Bibliography 72-73
Appendix 74-80
CHAPTER ONE
1.1 INTRODUCTION
As government has grown in scope size and complexity so too the need
for internal auditing accounting for and controlling government receipts
and expenditure has resulted in the need for a staggering number of
government clerks, accountants and auditors.
The need for control over government revenue appropriation and
expenditure should not be surprising federal, state and local government
is actually the largest industry in the country. However the need for
efficient and effective internal auditing system in government
ministries and extra- ministerial department can not be over emphasized
as the complexity of government activities is obvious . the annual
budgets by federal state and local government are generally incorporated
into governmental accounting system and financial reports, this is not
the case in private sector business organization. Thus the annual
budgets in conjunction with government financial reports are the primary
focus of public sector audits. Internal auditing is an independent
appraisal function established within an organization to examine and
organization Taylor and Glezen (1979) it is mainly concerned with
appraised of government activities for the review of accounting
financial and operations as a service to the management
INTERNAL EXTERNAL AUDITOR
A person who undertakes audit function is called an auditor. Internal
audit has been described as an independent review of operation and
records. Sometime continuous undertake within an organization by
especially assigned staff of the organization as basis for long
protection and constructive services to management Ubesis (1997).
External auditor is an independent examination of financial statement
of an organization an auditor. Other than an employee of an
organization but by appointment by the share holders, like external
audit, internal auditing had its role in accent time infect internal and
external audit had essentially the same beginning there was
no distinction between them prior to the nineteenth century “Ricchute
(1975). Both group of auditor rely on the same data base. Also the
internal user rely on both internal and external auditors and external
user rely on external auditors. Importantly, external auditors can
sometime rely upon an internal auditors work when the internal audit
function is strong.