THE USE OF AN INTERNAL AUDIT AS AN AID TO MANAGEMENT CONTROL

By

ONWUAMA CHISTOPHER .O.

Presented To

Department of Accountancy

ABSTRACT

This study is aimed at ascertaining the use of internal audit as an indispensable aid to management control in any cooperate organization or establishment, the management set standers, Targets and policies for the attainment of the organizational goals. But an organ to see to the general control of operations and furnish the management on deviations, variances and corporate should exist to enable the management exert its control.

Internal auditing within an organization reviews operations of the organization review operations of the organization within established policy and guidelines and provide the managers with reports, conclusion and recommendation on the result of its reviews. It is in this connection that internal audit render an unqualified assistance to the managements control.

TABLE OF CONTENT

Cover Page II

Title Page III

Approval page IV

Dedication V

Acknowledgment VI

Abstract VIII

Table of content IX

CHAPTER ONE

1.1 Introduction 1

1.2 Purpose of the study 3

1.3 Significance of the study 4

1.4 Scope and limitation 5

1.5 Definition of terms 5

CHAPTER TWO

2.1 Definition of internal Audit 9

2.2 Functions of internal Audit 9

2.3 Stages in internal Audit planning 11

2.4 Special arrears of internal Audit in an

Establishment 13

2.5 Implication of internal Audit 20

CHAPTER THREE

3 .0 Summary of Findings,

Conclusion & Recommendation 23

3.1 Summary of Findings 23

3.2 Conclusion 25

3.3 Recommendations. 26

Bibliography 30