TABLE OF CONTENT
Title
Approval
Dedication
Acknowledgement
Table of content
CHAPTER ONE: GENERAL INTRODUCTION
- Background of the study
- Statement of the problem
- Aims and objective of the study
- Research methodology
- Scope and limitation
- Plan of the study
- Definition of terms
CHAPTER TWO: LITERATURE REVIEW
- The Role of Internal Auditing and Monitoring Policy
- Purpose of Internal Auditing
- Independence and status of internal Audit Department.
- Management role in Internal AuditingÂ
- Relationship with various units in internal Auditor
- Organization of the Department Determining the Internal Auditing Role
CHAPTER THEE: RESEARCH METHODOLOGY
- Brief History of Niger River Basin Development Authority
- Population
- Data Collection Instrument
- Method of Data Analysis
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
- The Audit Department in Niger River Basin Development Authority. (N.R.B.D.A)
- Â Control on Receipt and Payment
- Control of Wages and Salaries
- Stores and other record
- Interview with Audit Staff of Nigeria River Basin Development Authority
- Tests of Hypothesis
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
- Summary
- Conclusions
- Recommendation
Bibliography
CHAPTER ONE: GENERAL INTRODUCTION
- BACKGROUND OF THE STUDY
The fact that early days most business were run by one man. In a one man operation, there is less of an internal control problem because the proprietor is constantly in contact with all phases of the operation, he makes sales, sign cheque, does the buying and pay all taxes in fact he is his own internal auditor.
However, business activities have grown from this stages and with continuously expansion in the business activities, management are faced with more managerial problems. In the past it was possible for the management to maintain control through constant personal contact with the company operation, also contract with the other level of management and ever individual employees. The new problem made it necessary to delegate responsibilities and authority to many levels of supervision with such wide delegation of duties, management had to the control specialist that is the internal Auditor for assistance in maintain surveillance over the managerial control network.
Thus, internal auditing can be define as an independent appraisal activity within an organization for the review of accounting, financial and other operation as a basis for service to management. It is managerial control when functions by measuring and evaluation the effectiveness of other control.
Internal auditing can also be define as a review of operation and records something continuously, undertaken within a business by specially assigned staff with a view to ensure that the system of operation is adhered to, that the internal control is as effective as possible and the economics consistent with efficiency are applied to the business.
The National Industrial Conference Board of Internal auditors give a more detailed definition which also emphasized the management control aspect of internal auditing as follows:
Internal auditing is a series of process and techniques through which an organizations own employees ascertain for the management by means of first hands on – the – job observation whether establishment management controls are adequate and are effectively and promptly and that each division department or other unit is carrying out the plans, policies and procedures for which it responsible.
The widening job between management and action has made it necessary to develop series of control by means of which the organization may be administered efficiency. The internal auditors perfects and complete each of these activities by providing on the science appraised of each form of control. Internal auditing this emerges as a segment of the bound field of accounting utilizing the basic techniques and method of auditing in helping management to attain its objectives. In addition, the internal auditor, being a company man has a more vital interest in all types of company operations and is quite naturally more deeply interested in helping to make these operations as successfully as possible. Thus to a great extent management services come to influence the internal auditors thinking and general approach.
The purpose of any kind of audit to add some degree of validity to the object of the review management policies are carried out more effectively of procedures governed by the policies are subject to constant review. In any presentation of financial information as in the operation of internal control activities. Individuals could be guilty of:
