Effect of internal audit on firm performance (a case study of Wichtech industries Asaba, Delta state) Department: Accountancy By: Alexander Project ID: 6245 Rating: (5.0) votes: 1Rate this project12345 Price:₦4000 Get the Complete MaterialAbstractThis research work is titled"effects of internal audit in firms performance,“A case study of Wichtech Industries Asaba, Delta State". This study was aimed at examining in detail the role of internal audits in firms. In order to successfully accomplish the purpose of the research data are collected from primary and secondary sources. The main instrument for data collection was the questionnaire. An interview schedule was also used while secondary data were obtained through literature review. Five hypotheses were formulated and an account questionnaire comprising 19 questions was prepared as well. Each of the responses to the question was then analyzed using percentages and after that, each of the hypotheses was tested using Chi-square analytical techniques. During the work done findings were made which includes: internal auditors have been performing their duties adequately, the internal audit department has contributed immensely to overall performance of Wichtech Industries, that top management interference in the role of an auditor has hindered the success of the auditors, that makes auditor to be equal with an accountant will enhance accountability in Wichtech Industries. From the analysis, certain issues were brought to light and the following problems besetting the internal auditor were discovered, inadequate keeping of store records and accounting records etc. As a result of the problem and research findings, the researcher made various recommendations. Some of them are: To enhance the understanding of managers about internal audits should be organized for them from time-to-time. Finally, the internal audit department should always be headed by highly experienced chartered accountants....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 )