Internal audit as a panacea for effective fraud control in local government administration Department: Accountancy By: chesco1 Project ID: 6813 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis is to examine the impact of internal audit as a panacea for effective fraud control in local government administration in the case of Lokoja Local Government Area, Kogi State. The problem of this research is that assets of the local government are exposed to all forms of risks due to the lack of proper audit of the financial reports of the local government, the ineptitude and inefficiencies and the complete lack of competence by the staff of the local government. The objective is to determine the level of efficiency put up by the local government in safely guiding its assets. To determine the level of efficiency put up by the staff of the Local Government. From the methodology, the survey design method of data collection was used. Population of 530 staff based on the information/ data obtained. With a sample of 228 copies, questionnaires were administered only 194 were retrieved. Based on the Finding we discover that due to effective and efficient internal Audit department recently has made it possible for effective Fraud Control in Lokoja Local Government Area Council of Kogi State. Therefore the researcher recommended that Auditors should establish an Internal Auditing Council to enable them to keep up to internal standards of internal auditing. A person whose integrity is in doubt should not be allowed as staff of the Internal Audit Department....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )