Effects of internal audit system on stock control mechanism in public sector organization - case study of ministry of finance Department: Accountancy By: Eniolamoses Project ID: 8775 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis study examines the effects of internal audit systems on stock control mechanisms in public sector organizations, with a focus on the Ministry of Finance in Kwara State, Nigeria. The research highlights the critical role of internal auditing in enhancing accountability, efficiency, and resource management amid challenges such as corruption, inadequate controls, and resource mismanagement in the Nigerian public sector. Employing a survey research design, data were collected from 86 respondents across departments, including internal audit, administration, accounts, and operations, using structured questionnaires. Key variables assessed include the robustness of audits, quality of delivery, and manpower/service quality, measured against performance indicators like economy of resources, efficiency, effectiveness, equity, and service quality. Findings reveal a mixed impact: quality of manpower and audit services positively and significantly influence overall public sector performance, efficiency, effectiveness, and service quality, while audit delivery shows a negative effect on resource economy and service quality. The robustness of audits had insignificant or negative correlations in some areas. Correlation and regression analyses supported only one hypothesis, affirming the link between audit manpower quality and performance. The study concludes that strengthening internal audit functions through skilled personnel is essential for improved stock control and organizational outcomes. Recommendations include transparent recruitment, staff motivation, management cooperation, and regular training to bolster audit effectiveness and mitigate risks in public resource management. This contributes to empirical insights on public sector reforms in developing contexts....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 )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»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»Effect of misrepresentation of information in a financial statement»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»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 )