Internal audit as a tool in achieving the organization objectives - a case study of First Bank Nigeria Plc, Owerri branch Department: Accountancy By: chidocyber Project ID: 4591 Rating: (3.3) votes: 6Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractThe notion of the auditor being bound is gradually changing for the better as internal auditing has undergone tremendous change in the recent past. Major notes of internal auditing have not been clear to the majority of people in the society in view of numerous corrupt practices of frauds and embezzlement often uncovered by probe tool has been questioned. The actual functions of the auditor are often surrounded in secrecy or held in some kind of awe. It is the realization of this that I have set out to look critically into the internal audit department of First Bank (Owerri Branch) with the view of finding effective internal auditing practices that ensure effective control. The mode of appointment, independence and duties of the internal auditor was looked into and determining whether the internal audit department is being operated as a management or efficiency audit. Nevertheless, a high degree of internal control exists in the company. In consideration of improvement in some areas, recommendations are proposed. Advice; employees should be oriented on the need for an internal control system in an organization. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )