Full Project-THE IMPACT OF INTERNAL AUDIT EFFICIENCY ON THE FINANCIAL PERFORMANCE OF COMPANIES A CASE STUDY OF JULIUS BERGER PLC.
Click here to Get this Complete Project Chapter 1-5
CHAPTER ONE
INTRODUCTION
1.1 Background To The Study
The Internal audits constitute an independent appraisal function which review the internal control system of the organization established. Auditing ensures the effective, proper, and economic use of resources in the organisation through the objective examination, evaluation and reporting on the adequacy of internal control. The effectiveness of the auditing functions lies on its independence; The independence in terms of organisational status and personal objectivity of the internal auditor facilitates the proper and effective performance of his duties .It is therefore essential that the internal audit unit be appropriately staffed with people with the right qualification and given the training necessary .The internal auditor must constructively align its functions with the management policy and maintain a good working relationship and mutual understanding with management, external auditors, and other review and exercise due care in executing its function of planning, controlling and recording of work. The internal control system must be properly evaluated to ensure its adequacy and effectiveness .The evidence obtained in the audit function should constitute the auditor’s report which must be communicated to the management for appropriate action. It is also the auditors role to ensure that all recommendations and conclusions are monitored to determine that action has been taken on them .The organisation terms of reference for the internal audit function should be clearly specified to enhance the auditors independence in the execution of his legitimate functions. A crucial function of internal auditing is to facilitate management in the creation of value for money. through economic, efficient and effective use of resources. Consequently the auditor must be objective in the presentation of its report to management So as to exercise judgement, express opinions and present recommendations with impartiality. The problem confronting the research therefore is to determine the impact of internal audit efficiency on the financial performance of companies A case study of Julius Berger PLC.
1.2 STATEMENT OF THE PROBLEM
The Internal audits constitute an independent appraisal function which review the internal control system of the organization established. Auditing ensures the effective, proper, and economic use of resources in the organisation through the objective examination, evaluation and reporting on the adequacy of internal control The effectiveness of the auditing functions lies on its independence; The independence in terms of organisational status and personal objectivity of the internal auditor facilitates the proper and effective performance of his duties and of enhancing the financial performance of the organisation But many instances reveal that the internal auditor is not given the freedom and independence to exercise his functions objectively.Unneccessary influences by some senior staff who are part of management some time digress the sense of objectivity of the internal auditor in presenting is report and recommendations to management. This as a result affects the objective of audit and that off the organisation in ensuring effective and economic use of the firm’s resources and of the firm financial performance. The problem confronting the research therefore is to determine the impact of internal audit efficiency on the financial performance of companies A case study of Julius Berger PLC.
1.3 RESEARCH QUESTIONS
i. What is the impact of internal audit efficiency on the financial performance of companies?
ii. What is the impact of internal audit efficiency on the financial performance of Julius Berger Plc.?
1.4 OBJECTIVES OF THE STUDY
i. To determine the impact of internal audit efficiency on the financial performance of companies.
ii. To determine the impact of internal audit efficiency on the financial performance of Julius Berger Plc.
1.5 SIGNIFICANCE OF THE STUDY
The study intends to provide an appraisal of the impact of internal audit efficiency on the financial performance of companies A case study of Julius Berger Plc. It shall also serve as a veritable source of information on the fundamental issues of auditing.
1.6 STATEMENT OF THE HYPOTHESIS.
Ho: The impact of internal audit efficiency on the financial performance of Julius Berger Plc is low.
Hi: The impact of internal audit efficiency on the financial performance of Julius Berger Plc is high.
1.7 SCOPE OF THE STUDY
The study focuses on the appraisal of the impact of internal audit efficiency on the financial performance of companies. A case study of Julius Berger Plc. It shall serve also serve as a veritable source of information to managers and other professionals.
1.8 LIMITATION OF THE STUDY
The research was confronted by some constraints which include geographical factor and logistics.
1.9 DEFINITION OF TERMS
AUDITING: The Internal audits constitute an independent appraisal function which review the internal control system of the organization established. Auditing ensures the effective, proper, and economic use of resources in the organisation through the objective examination, evaluation and reporting on the adequacy of internal control.
Organisation: The organisation consists of a group of people in the conduct of business activities of providing goods and services with the common purpose of achieving corporate aims and objective.
Audit Committee: A committee Instituted to carry out the external and internal audit plans, programs and reviews internal control arrangements.
Internal Auditor: A person whose function is the conduct of internal audit in the organisation.
Get the Complete Project
This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for International clients.
Click here to Get this Complete Project Chapter 1-5
You can also check other Research Project here:
1, Accounting Research Project
- Adult Education
- Agricultural Science
- Banking & Finance
- Biblical Theology & CRS
- Biblical Theology and CRS
- Biology Education
- Business Administration
- Computer Engineering Project
- Computer Science 2
- Criminology Research Project
- Early Childhood Education
- Economic Education
- Education Research Project
- Educational Administration and Planning Research Project
- English
- English Education
- Entrepreneurship
- Environmental Sciences Research Project
- Guidance and Counselling Research Project
- History Education
- Human Kinetics and Health Education
- Management
- Maritime and Transportation
- Marketing
- Marketing Research Project 2
- Mass Communication
- Mathematics Education
- Medical Biochemistry Project
- Organizational Behaviour
- Other Projects
- Political Science
- Psychology
- Public Administration
- Public Health Research Project
- More Research Project
- Transportation Management
- Nursing
Need a Project Writer for a Different Topic
- MSC PROJECT WRITING SERVICES
- MBA RESEARCH PROJECT WRITING SERVICES
- Research Project Writing Services in Lagos Nigeria (Professional Writers) -Law, MSc, MBA,PhD, Dissertations, Thesis, Assignment, Speech
- Masters Research Project Writer in Lagos Nigeria
- MBA Research Project Writer in Lagos Nigeria
- LOOKING FOR A WRITING SERVICES FOR AN URGENT ASSIGNMENTS OR PROJECT WORK
- PROFESSIONAL WRITING SERVICES IN LAGOS NIGERIA (TERM PAPER, SPEECH WRITING, ASSIGNMENT, THESES, DISSERTATIONS, RESEARCH PROPOSAL, PROJECT WRITING SERVICES etc)
- BUSINESS ADMINISTRATION RESEARCH PROJECT WRITER IN LAGOS NIGERIA
- CONSULT A RESEARCH PROJECT WRITER IN LAGOS NIGERIA (PH.D, MBA, MSC, M.ED, BSC)
- MANAGEMENT RESEARCH PROJECT WRITER IN LAGOS NIGERIA
- Education Research Project Writer in Lagos Nigeria
- Environmental Sciences Research Project Writer in Lagos Nigeria
- Guidance and Counselling Research Project Writer in Lagos Nigeria
- Human Kinetics and Health Education Project Writer in Lagos Nigeria
- Early Childhood Education Research Project Writer in Lagos Nigeria
- Christian Religious Studies(CRS) Research Project Writer in Lagos Nigeria
- Educational Administration and Planning Research Project Writer in Lagos Nigeria
- Political Science Research Project Writer in Lagos Nigeria
- Accounting Research Project Writer in Lagos Nigeria
- Economics Research Project Writer in Lagos Nigeria
- Management Research Project Writer in Lagos Nigeria
- Marketing Research Project Writer in Lagos Nigeria
- Public Administration Research Project Writer in Lagos Nigeria
- MBA Research Project Analysts
- In Need of MBA Research Project Writer in Nigeria
- MBA Dissertation Research Project Writer
- MBA Project writer
- EDUCATION DEPARTMENT PROJECT WRITING SERVICES
- BACHELOR OF SCIENCE (BSC) DEGREE PROJECT WRITING SERVICES(B.ED,B.A,B.SC)
- MASTER OF BUSINESS ADMINISTRATION (MBA) RESEARCH PROJECT WRITING SERVICES
- MASTER OF SCIENCE (MSC) RESEARCH PROJECT WRITING SERVICES
- POST GRADUATE RESEARCH PROJECT WRITER
- POST GRADUATE DIPLOMA (PGD) RESEARCH PROJECT WRITER
- MASTER RESEARCH PROJECT WRITER
- MASTER DEGREE RESEARCH PROJECT WRITING SERVICES
- POSTGRADUATE RESEARCH PROJECT WRITING SERVICES
- MASTERS RESEARCH PROJECT WRITING SERVICES
- RESEARCH PROJECT WRITER
- EXPERT IN RESEARCH PROJECT/THESIS/DISSERTATION WRITING SERVICES IN LAGOS NIGERIA
- HIRE A PROFESSIONAL BSC/HND RESEARCH PROJECT WRITER
- HIRE A PROFESSIONAL MBA/MSC RESEARCH PROJECT WRITER
- HIRE A PROFESSIONAL THESIS WRITER IN LAGOS NIGERIA
- SC/M.SC/MBA/PGD RESEARCH PROJECT WRITER IN LAGOS NIGERIA
- Master Degree Research Project Specialist/Writer in Lagos, Nigeria
- Hire A Research Project Writer in Lagos Nigeria
- Research Project Specialist in Lagos, Nigeria