INTERNAL AUDITING AND CORPORATE MANAGEMENT(A CASE STUDY OF PZ INDUSTRIES NIGERIA PLC ABA) ABSTRACT
In an organization, the importance of internal auditing
cannot be over emphasized, that is why I decided to research on the topic
“Internal Auditing and Corporate Management”. This research work will help the
research to find out that internal auditing is an important instrument for
effective corporate management taking Pz industries Nigeria plc as a case
study.It was observed that there are levels of management interference in
duties of this unit.
Again, lack of information contributes to the embezzlement
of funds and convention of organization properties to personal use. It serves
as a management control which functions by measuring and evaluating the
effectiveness of other controls.Furthermore, the researcher recommends that
auditors can be persons who are properly trained, experienced and of good and
high moral standard for a proper recognition and efficiency.
Severally, management should not interfere with the duties
and functions of this unit’s effectiveness.
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE————————————–ii
CERTIFICATION ————————————–iii
ACKNOWLEDGEMENT———————————iv
ABSTRACT ———————————————v
TABLE OF CONTENTS———————————vii
CHAPTER ONE
Introduction———————————————1
1.1Background of the Study———————————1
1.2 Objectives of the Study———————————-1
1.3 Research Questions————————————–2
1.4 Statement of the Problem ——————————-3
1.5 Scope of the Study—————————————4
1.6 Limitation of the Study———————————–4
1.7 Definition of Terms—————————————-5
CHAPTER TWO5
Literature Review—————————————-8
Historical Background of Research Problem——8
Concept of the Internal auditing and
Corporate
Management————————-10
Purpose of Internal Auditing and
Corporate
Management—————————-12
Problems of
Internal
auditing and
Corporate Management ————–14
Essential Features of Internal auditing ———-19
Areas Where Internal Auditing is Usually Useful-20
CHAPTER THREE
Theoretical Framework and Methodology————–23
Introduction—————————————-23
Area of study ————————————–24
Population of the Study—————————24
Instrument for Data Collection——————-24
Methodology—————————————25
Sources of secondary Data.———————–26
CHAPTER FOUR
Presentation and analysis of Data———————-27
Introduction—————————————-27
Analysis of Data according to Research Question28
Analysis of Data ———————————39
Interpretation of Results————————-41
CHAPTER FIVE
Summary, Conclusion and Recommendation———43
Summary of Findings—————————–43
Conclusion—————————————-44
Recommendation———————————45
Area for Further Study—————————46
Bibliography————————————–47
Appendix
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE
STUDY
The term audit is defined from the Latin word “audio”
meaning to hear. The origin of an audit dated back from ancient times when the
land owners allowed tenants farmers to work on their farm while the land owners
themselves does not involve in the business of farming. The land owners relied
on an overseer who listened to the account of the stewardship given by the
tenants of the farm. According to (Johnson 1002,63) an audit is the independent
examination and expression of opinion on the financial statement of an
enterprise by an appointed audition in pursuance of that with any relevant
statutory obligation.
OBJECTIVE OF THE STUDY
The objective of the research work includes the following;
a. To find out the extents to which audit department affect
Pz industries Nigeria Plc.
b. To know how lack of information in Pz industries Nigeria
Plc affects the internal audit work.
c. To determine the extent to which the independent of the
internal audit work is being impaired.
d. To ascertain whether internal auditing is an instrument for
effective management.