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Internal Auditing as an Aid to Organizational Management

In: Business and Management

Submitted By DareyEmmanuel
Words 1576
Pages 7
DEDICATION
This work is dedicated to God Almighty the giver of all knowledge.
ACKNOWLEDGEMENT
Words of mouth are not enough to express the level of my gratitude to God for his grace, mercy and for being a great providence to my life during the course of my study in school. All credit and accolades be to him alone…
ABSTRACT
This research work deals with internal audit as an aid to management. It aims at finding out the role of internal audit in management decision making in organizations. It is a survey research. Data were collected from primary and secondary sources which included using questionnaires, personal observations, text book, journal and internet. Sample of 92 were collected by random sample method. Three hypotheses were formulated and tested using Z-test statistics, while questionnaires were analyzed using simple percentages. We discovered among other things that internal audit assists management in managerial decisions. We recommended among other things that the auditors be trained in forensic accounting to enable them to be more effective in their duties. pg. 8
CHAPTER ONE
INTROUCTION
1.1 BACKGROUND OF THE STUDY.
At the beginning of the century, most businesses are small and sole-operated. The owners/managers are overly involved with most of the decision making. As business grows in size and complexity, professional managers take position of the owners and the operators.
Consequently, they rely heavily upon streams of accounting and statistical report which summarizes current happenings and conditions in the enterprise. The information carried by these streams of report enables management to control and direct the enterprise in order to assure management that the information received are both reliable and accurate. A system of internal audit is developed to monitor the activities of the company. The need for maintaining the adequate efficient and…...

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