The nation of an audit for being a watch dog gradually changing for the better as internal auditing has undergone tremendous changes in the decent past. The actual functions of the auditor are often shoulder in secrecy major roles of internal auditing have been clear to majority of people in the society. In view of numerous corrupt practice frauds and embezzlements often be questional it is the realization of this that the researcher set out to look critically into internal audit and internal control department.

COVER PAGE I

TITLE PAGE II

APPROVAL PAGE III

DEDICATION IV

ACKNOWLEDGMENT V

ABSTRACTS VI

TABLE OF CONTENT VII

INTRODUCTION 1

BACKGROUND OF THE STUDY 2

STATEMENT OF PROBLEM 5

SCOPE OF THE STUDY 6

DEFINITION OF TERMS 7

DEFINITION OF AUDITING 12

INTERNAL AUDIT 16

INTERNAL CHECK 19

INTERNAL CONTROL 21

ELEMENT OF INTERNAL AUDIT 24

METHOD AND PROCURE OF INTERNAL AUDIT 29

DIFFERENCE BETWEEN INTERNAL -

AND EXTERNAL AUDITOR 31

TYPES OF INTERNAL CONTROL 35

NATURE OF INTERNAL AUDITING 38

QUALITIES REQUIRED OF AN -

INTERNAL AUDITOR 39

RELIANCE ON THE WORK OF -

INTERNAL AUDITOR 40

SUMMARY OF FINDING 46

RECOMMENDATION 47

CONCLUSION 49