THE SIGNIFICANCE OF INTERNAL AUDITING IN
FEDERAL GOVERNMENT PARASTATALS
(A CASE STUDY OF NIGERIAN PRISONS
SERVICE ENUGU
ABSTRACT
This
study is centered on the internal auditing in Federal Government parastatals
with particular reference to the Nigerian Prisons Service Enugu. The main purpose of the study is to look at
the internal audit system in federal government parastatals and to review the
extent to which it is used in safeguarding the council assets; preventing fraud
and inefficiency of operations. This
work also examine the essence of internal auditor to external auditors of the
government parastatals and how government policies can influence the execution
of internal audit functions.
Both
descriptive and historical method of research have been employed in the course
of study. Also primary and secondary
data are used.
Primary
data were through the application of questionnaire, personal interviews, and observation. Secondary data was gathered through the
review of related literature and results of questionnaires were analyzed and
assembled in tables.
The
end result revealed that internal auditing is a powerful tool in safeguarding
the resources of government parastatals.
It also shows that the functions of internal audit department are
essential to external audit of Government Parastatals.
In
the findings, it was discovered that government policies affect the execution
of internal audit functions. The study
recommended that qualified accounting officers are employed as internal
auditors in Government parastatals and particularly in Nigerian prisons
service.
TABLE OF CONTENTS
TITLE PAGE …………
APPROVAL PAGE …………
DEDICATION …………
ACKNOWLEDGEMENT…………
ABSTRACT ……
TABLE OF CONTENTS…………
CHAPTER ONE:
INTRODUCTION
BACKGROUND OF THE STUDY …………
STATEMENT OF THE PROBLEM …………
OBJECTIVES OF THE STUDY …………
SIGNIFICANT OF THE STUDY …………
THE SCOPE AND THE LIMITATION OF STUDY……….
RESEARCH QUESTIONS …………
DEFINITION OF TERMS …………
HISTORY OF NIGERIA PRISONS …………
CHAPTER TWO:
REVIEW OF RELATED LITERATURE
OVERVIEW OF INTERNAL AUDITOR …………
QUALIFICATION OF AN INTERNAL AUDITOR ………..
PROFESSIONAL STANDARD FOR INTERNAL AUDITING
STATUS OF INTERNAL AUDITOR…………
SCOPE OF INTERNAL AUDITING …………
RELEVANCE OF INTERNAL AUDITING …………
THE RELATIONSHIP BETWEEN INTERNAL
AUDITING AND INTERNAL CONTROL…………
CHAPTER THREE:
RESEARCH METHODOLOGY
RESEARCH METHOD USED …………
METHOD AND SOURCE OF DATA COLLECTION ……
VALIDATION AND RELIABILITY IN INSTRUMENT …..
DETERMINATION OF SAMPLE SIZE AND POPULATION
OF THE STUDY …………
METHOD OF SAMPLING USED IN COLELCTING…….
METHOD OF STATISTICAL ANALYSIS…………
CHAPTER FOUR;
PRESENTATION, ANALYSIS AND
INTERPRETATION OF DATA.
PRESENTATION AND ANALYSIS OF DATA…………
CASH …………
CHEQUE …
PROVISION …………
STORES/SUPPLIES …………
INTERIM FINDINGS …………
CHAPTER FIVE:
SUMMARY OF FINDINGS,
CONCLUSIONS AND RECOMMENDATIONS
SUMMARY OF FINDINGS …………
CONCLUSION …………
5.3 RECOMMENDATIONS
…………
BIBLIOGRAPHY
APPENDIX
I: REQUEST FOR SUPPLY OF
INFORMATION.
APPENDIX II:
QUESTIONNAIRE
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