Effect Of Internal Audit In An Organisation

CHAPTER ONE 1.0INTRODUCTION 1.01BACKGROUND OF RESEARCH The method of examining the evidence of financial transactions could be traced back to the time when there was need to transact business beyond one’s immediate needs. But such method of examining or checking the evidence of such transaction-known as Audit did not start immediately until after the trade by barter era. It came at a time when individuals noticed that no one is self sufficient thus, the need for individuals to pool resources together to form what is known today as business. Management as the central directing and controlli…