An empirical examination of challenges of internal auditors in public sector audit in Kogi state Department: Accountancy By: AdeleyeJoshua Project ID: 9581 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThis study is an empirical examination of the challenges of internal auditors in public sector audits in Kogi State, using the Kogi State Ministry of Finance, Lokoja, as the study area. The objectives of the study are: to examine whether internal auditor has positive impact on the Kogi State Ministry of Finance, Lokoja; to determine whether there are challenges facing internal auditors in the discharge of their duties in the Ministry of Finance, Lokoja and to evaluate whether there is a relationship between internal auditors and public sector audit in Kogi State. The methodology adopted in gathering data was the descriptive survey method. The major instrument used to gather data from primary sources is the questionnaire. From a population of 150, a sample size of 109 respondents was selected using the Taro Yamane formula. Findings revealed that internal auditors aid effective and efficiency of public sector audits and enhance good decision making of public sector in Kogi State and the duties and roles of internal auditor includes to review, evaluating, and reporting on the adequacy, or otherwise, of financial control of the public sector. The problems of the domineering presence of the executive, which has hampered the independence of internal auditors in public sector entities and non-compliance with set rules and regulations of public and management and non-availability of modern facilities/equipments are also challenges of internal auditors in public sector audits in Kogi State. It was recommended that in a system where manpower or manual operations are in use, as it is a known fact, auditors are expected to operate at a tolerable level of performance for the total system to run properly. Therefore, training personnel becomes an important ingredient in the successful operation of control in such government parastatals....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) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»The impact of development finance institutions (DFIS) in economic development of Nigeria»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»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )