Internal Audit As A Management Tool

CHAPTER ONE INTRODUCTION 1.1          BACKGROUND OF THE STUDY This is a research project. The subject of study is “Internal Audit as a Management Tool”. The choice of the subject matter reflects the researcher desire to shed light on the efficiency and effectiveness of internal audit of corporate organization such as Banks, Manufacturing Company, Government parastatals, etc, through findings, contribute towards evolving an established policies and procedures, thereby ensuring a sound and reliable internal control system. Oladipupo (2005: 96), pointed out that internal audit is a managerial too…