ABSTRACT
This study is aimed at ascertaining the use of internal audit as an indispensable aid to management control in any co-operate organization or establishment, the management set standers targets and policies for the attainment of the organizational goals. But an organ to see to the general control of operations and furnish the management on deviations, varies and co-operate should exist to enable the management exert its control.
Internal Auditing within an organization reviews operations at the organization within an established policy and guidelines and provide the managers with reports, conclusion and recommendation on the result of its reviews. It is in these connection that internal audit render an unqualified assistance to the managements control.
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENT
CHAPTER ONE
INTRODUCTION
1.1 PURPOSE OF THE STUDY
1.2 SIGNIFICANCE OF THE STUDY
1.3 SCOPE AND LIMITATION
1.5 DEFINITION OF TERMS
CHAPTER TWO
2.1 LITERATURE REVIEW
2.2 DEFINITION OF INTERNAL AUDIT
2.3 FUNCTIONS OF INTERNAL AUDIT
2.4 STAGES IN INTERNAL AUDIT PLANNING
2.5 SPECIAL AREAS OF INTERNAL AUDIT CONTROL IN AN ESTABLISHMENT
2.6 IMPLICATION OF INTERNAL AUDIT IN MANAGEMENT CONTROL IN ALL ESTABLISHMENT
CHAPTER THREE
3.1 SUMMARY OF FINDINGS
3.2 CONCLUSION
3.3 RECOMMENDATION
BIBLIOGRAPHY
INTRODUCTION
Internal audit has been of great assistance to management.
There is need to discuss why internal audit should exist in an organization.
Internal audit is as old as civilization. It was used in ancient Egypt and the Roman Empire. The common areas of internal auditing action throughout its history have been examining, veriting and reporting.
The growth of business management has bring about the development of internal audit as a useful aid to management control. In this present day, there is a continuous increase in size of business which creates an ever widening gap between management and the actual field of operations. In this case, it is only internal auditor that provide a link throughout the whole organizations.
For as the chain of responsibility lengths, so does the responsibility grow delays, misinterpretation and misjudgments. This hinders the running of an efficient and prosperous business.
Internal auditors are those employed by the management, but they are not managers rather they serve as advisers to the management. They provide to the management all necessary information needed for the running of the business. Internal auditing is an element of managerial control and is responsible for measuring the effectiveness of such controls.
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 10). The Use Of An Internal Audit As An Aid To Management Control.. ProjectStoc.com. Retrieved 10, 2014, from https://projectstoc.com/read/3387/the-use-of-an-internal-audit-as-an-aid-to-management-control-4359
"The Use Of An Internal Audit As An Aid To Management Control." ProjectStoc.com. 10 2014. 2014. 10 2014 <https://projectstoc.com/read/3387/the-use-of-an-internal-audit-as-an-aid-to-management-control-4359>.
"The Use Of An Internal Audit As An Aid To Management Control.." ProjectStoc.com. ProjectStoc.com, 10 2014. Web. 10 2014. <https://projectstoc.com/read/3387/the-use-of-an-internal-audit-as-an-aid-to-management-control-4359>.
"The Use Of An Internal Audit As An Aid To Management Control.." ProjectStoc.com. 10, 2014. Accessed 10, 2014. https://projectstoc.com/read/3387/the-use-of-an-internal-audit-as-an-aid-to-management-control-4359.
- Related Works
- Community Banking Problems And Prospects (a Casse Study Of Ekulu Community Bank In Enugu State)
- Accounting In The Nigeria Public Sector, Problems And Prospects (a Case Study Of Selected Government
- An Evaluation Of The International Monetary Fund (i.m.f) Loan Policy On Developing Economy (a Case Study Of Nigeria) 1990 –1999
- Improper Accounting System: A Cause Of Non-performance In Industries
- Application Of The Contribution Margin Approach To Pricing Decisions In Manufacturing Organizations (a Case Study Of Innoson Technology Nigeria)
- Internal Control System In Manufacturing Industries (a Case Study Of Life Breweries Limited Onitsha)
- The Criteria Of Borrowing And Repaying Business Loan As A Guide Towards Economic Development ( A Case Study Of First Banks Of Nigeria Plc Enugu Main Branch
- Emerging Challenges Of Capital Market In Depressed Economy (a Case Study Of Nigeria Stock Exchange)
- An Evaluation Of Effective Financial Management In A Computerized Accounting System (a Case Study Of Guaranty Trust Bank Plc Abuja)
- Cost Accounting And Control In The Agricultural Sector Problems And Solutions