ABSTRACT
Internal auditing is the process of continuous review of financial transaction of a firm in order to ensure that they are working as management’s support or intends. The problem facing the internal auditors includes lack of top management’s support to the internal auditors or in order to carryout their work effectively, lack of independence of the internal auditors and lack of qualified and motivated staff. The objective of the study was to find solution to the problems that hinder the internal audit functions. Three research questions were raised for the study and three hypothesis were formulated. The survey research designs was adopted for the study with a sample size of 25. The questionnaire was the main instrument used for data collection. The data collected was subjected to simple validity and reliability test. The analysis of data was based on statistical tables and chi-square (X2) techniques was used to test the level of significance. Some of the findings are that lack of internal auditor independence hinders affected the internal auditors etc. Based on the findings, recommendations such as to enable the effectiveness of the internal auditors were made which include that the management should employ qualified staff to carry out their work and also the internal auditors should be given full independence to enable them perform their duties effectively.
TABLE OF CONTENTS
Title page ii
Approval Page iii
Certification iv
Dedication v
Acknowledgement vi
Abstract vii
Table of Contents viii
CHAPTER ONE
1.0 Introduction 1
1.1 Background of the Study 1
1.2 Statement of the Problem 3
1.3 Objectives of the study 4
1.4 Significance of the Study 5
1.5 Research Question 6
1.6 Research Hypothesis 6
1.7 The Scope and Limitation of the Study 7
1.8 Definition of Terms 8
CHAPTER TWO
2.1 Review of Related Literature 11
2.2 Internal Auditing Independence 13
2.3 Roles of Internal Auditing 15
2.4 Nature of the Internal Audit Activity 21
2.5 External and Internal Auditor Compare 33
CHAPTER THREE
3.0 Introduction 39
3.1 Design of the Study 39
3.2 Area of the Study 40
3.3 Population of Study 40
3.4 Sample and Sampling Technique 40
3.5 Sources of Data 41
3.6 Validation of the Instrument 41
3.7 Reliability of the Instrument 42
3.8 Administration of the Instrument 42
3.9 Method of Data Analysis 43
CHAPTER FOUR
4.0 Data Presentation and Analysis 45
4.1 Data Presentation 45
4.2 Testing of Hypothesis 58
4.3 Discussion of the Findings 62
CHAPTER FIVE
5.1 Summary of the Findings 63
5.2 Conclusion 64
5.3 Recommendations 64
Bibliography
Appendix
Questionnaire
