ABSTRACT
The variable instrument for the control of the organizational resources is the internal control, which has internal audit as its instrument. This important father makes the researcher to choose “Internal auditing as an instrument for effective management”. For this project on institution of management and technology (IMT) Enugu as a case studying, the researcher made use of both primary and secondary data. Structured questionnaires were the method used for the collection of primary data. Secondary data were also collected from textbooks and form various libraries. Chi-squares was used as a statistical tool for analyzing the data. It was discovered from the research that internal auditing is an indispensable instrument for eective management interferes with the function of the internal audit duties in the institution. Also lack of information contribution to the misappropriation of funds and properties of the organization. The researcher recommend that internal auditors should be persons who are well trained experienced and of good moral standing for proper recognition. On that note, the management should not interferes with the duties and proper working of the internal audit unit.
CHAPTER ONE
1.1 INTRODUCTION
The function and the existence of internal audit department in organisation cannot be over emphasized considering the enormity of trust and responsibility attached to this department of an organisation. This brings to mind why the writers chose to research on the subject, internal auditing as an instrument for effective management. Internal auditing becomes necessary as a result of the extended span of control faced by the management concerning the employment of men and material in the conduct of organizational affairs.
The work of the internal audit are very important in most modern organizations and have trust of responsibility to advice the management and enforce the operations of internal control, and the internal checks in the organisation. The inefficiency in the organisation during day to day activities are controlled. The internal audit is the independence appraisal activity in the organisation as a service to the management. The duties are usually defined by the management and these includes: Ø Measurement of the adequacy and effectiveness of the internal control system on a continuous basis; Ø Routine checks to prevent and detect errors and frauds; Ø Provision of hireling advice to management on internal control matters; Ø Investigation of reported cases of all practices; Ø Provision of statistical data for management information and decision making; Ø Other special assignment such as asset disposal, staff audits.
