Effectiveness Of Internal Audit As A Panacea To Efficient Local Government Administration And Fraud Control,” (a Study Of Selected Local Government Areas In Imo State )

Globally the role of auditing is being appreciated for its avowed operations and activities. Ihe and Umeaka(2006:370) defined auditing “as a process carried out by suitably qualified auditors during which the accounting records and the financial statements of an organization are subjected to examination by an independent auditor with the main objective of expressing an opinion in accordance with the relevant terms of appointmentpurpose” they also noted that the objectives of auditing were grouped into two
a. Primary objective: the auditor (one who carries out audit operation) is to report whether the financial statements shows a „true and fair view‟ of the financial affairs of the organization during the period under review and s end date.
b. Secondary objective: This concerns the detection of frauds and errors and the prevention of frauds and errors.