INTERNAL AUDIT AS AN AID TO MANAGEMENT CONTROL
ABSTRACT
It was intended that through this research that the benefit if using internal audit for efficient control of activities in institution of higher learning would be computerized. The aim of the study is to investigate and ascertain how effectively institution of high learning administration can employ the services of internal audit to effect
control and thus ensure that attainment of its objectives. In the course of the investigation, the researcher used secondary data through out. This date was collected form library, journals etc. It was found that internal auditors play a very vital role in institution of higher learning. A well functional internal audit can bring about proper management and ensure prudent use of resources in the institution of higher learning.
CHAPTER ONE
INTRODUCTION
BACKGROUND OF STUDY
Auditing has been defined by the international auditing practicing committee (IAPC) as an independent examination of and the expression of an opinion on the financial statement of an enterprise by an appointed auditor in accordance with relevant statutory obligation and professional requirement. Internal auditing
On the other hand appeared on the business scene much later than auditing by public accountant. The principal factor in its emergence was the extended span of control faced by management in concern, employing thousand of people and conducting operations from widespread locations. Deflation and improperly maintained accounting records were obvious problem under these circumstances. The growth in the volume of transaction resulted in substantial bills for business that endeavored to solve the problem by continuing to engaged the services of public
accountants. The solution was of course To provide the needed auditing service on an internal basis, particularly as the magnitude of the problem made it possible for one or more persons to specialize in such auditing services and devoted their full time to the need of single company
