ABSTRACT
This study has attempted to look at The Impact of Internal Audit on Organizational Growth and Survival, using Centre
for Management Development (CMD).
In an attempting to do this, the study has it objective: to look at The Impact of Internal Audit on Organizational
Growth and Survival, to look at the challenges and problems confronting
Internal Audits in the performance of their duty, and to proffers solution when
necessary. The research reviewed the relevant literature on the subject matter
of Internal Audit. It also reviewed literature on theoretical framework considered
appropriate and relevant to the study. There is overwhelming evidence that
despite the volumes of texts and articles that have been written, the subject
of auditing continues to attract the interest of scholars. This is perhaps
because the subject is as complex, dynamic and evergreen as human nature.
The research posed certain questions and also formulated some hypothetical statements. To take care of these,
primary data were collected through questionnaire from 76 Respondents (staff)
were carefully selected.
Simple percentage was used to analyze the data and Chi-square method was employed to test the hypotheses. The result
of the analysis done and finding from the relevant literature reviewed therefore formed the basis of the findings. Some of the findings as evidence in
the studies are: That Auditing is vital to the effectiveness and survival of
any organization, those Auditors are faced with major challenges in the course
of carrying their duties.
The study also proffers some recommendations, this include: To enhance the understanding of auditors among
non-audit and management, courses on the role of auditors in an organization
should be organized for them from time to time, an auditor should always approach his assignments with open mind, free of prejudice. He should always
bear in mind that he is auditing the system and not the staffers, the auditors
should adopt a more friendly and related approach in dealing with his fellow
staff, such that would give him their maximum cooperation and at the same time
yield desired results, the auditor should make honesty, integrity and objectivity his guiding principles, On no account should he succumb to undue
pressure and are likely to mortgage his conscience and undermine his professional judgment, and the auditors should understand that it is better to
leave an organization with his honour intact than to lose credibility and become irrelevant in the system.
TABLE OF CONTENT
Title Page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of Content vi
CHAPTER ONE
1.0
Introduction 1
1.1
Background Of The Study 1
1.2
Statement Of The Problem 3
1.3
Purpose Of The Study 5
1.4
Research Questions 6
1.5
Research Hypothesis 7
1.6
Significance Of The Study 7
1.7
Scope/Delimitation Of The Study 8
1.8
Definition Of Terms
9
References
10
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.0
Introduction 11
2.1
Objective Of Internal Audit 16
2.2
Types Of Audit 18
2.3
The Roles Of Non-Auditing Officers As Affecting Audit Works 20
2.4
Ways The Non-Auditing Officers Constitute Problems 22
2.5
Challenges Of Internal Audit 26
2.6
Organisation Of Internal Auditing Function 30
2.7
Functional Role Of Internal Auditing 34
2.8 Auditing: Bridging The Expectation Gap 39
References
54
CHAPTER THREE: RESEARCH METHODOLOGY
3.0
Research Methodology 56
3.1
Introduction 56
3.2
Research Design 57
3.3
Source Of Data 57
3.4
Population For The Study 58
3.5
Sample Size Determination 58
3.6
Instrument For Data Collection 59
3.7
Instrument And Tools For Data Collection 59
3.8
Limitation Of The Study 60
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.0 Introduction 62
4.1 Data Presentation, Analysis And Interpretation 63
4.2 Test Of Hypothesis 78
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.0 Summary Of Findings 85
5.1 Conclusion 86
5.2 Recommendations 87
Bibliography
Appendix
Questionnaire