An Assessment of the Impact of Internal Auditing on the Financial Management of Local Government: A Study of Katagum Local Government Area of Bauchi State
This study examines the impact of internal auditing on the financial management of local government, with particular reference and attention to the katagum local government area of Bauchi state. Staff of internal audit, finance and account constitutes the population of the study from which a sample size of forty (40) respondents was selected based on convenience sampling method. Chi-square (x2) method was adopted as a statistical tool of data analysis to analyze the collected data. The result indicates that internal audit impact positively and significantly on the financial management of Katagum local government. It is recommended that internal audit unit of the Katagum local government should be allowed to fully access all the local government account and records, properties and investments files to carry out their duties diligently. Internal audit unit staff should also be allow attending workshops, seminars, conferences in order to broaden their knowledge. Adequate independence should be given to the unit to discharge their duties without due interference and regular review of the whole system of internal control in the local government should be carried out.
Adeniyi A. Adeniji, (2010) auditing and assurance services, value analysis consult publishers,lagos.
Alvin A.S and James, K.L (1984) Auditing and Investigation Approach. Longman group limited, London.
Andy W. (2001) Auditing Independence: the case of the Nigerian public service. 04 Jan, 200.
Asika, N. (2004), research methodology is the behavioral science, lagos longman Nigeria limited.
Baridam, D.M (2001), Research Methods In Administrative Science. Third Edition, Associates. Port Harcourt.
Brown, R.G (1999) Changing Audit Objectives And Techniques. The evaluation of audit through and practice. T.A. lee. New work, garland publishing, inc. 1999.
Buttery, R and Simpson, R.K (1986), Internal Audit In The Public Sector, Wood ead – Faulkner. Cambridge.
Chambers A. and Selim , G. (1988), internal Auditing 2nd ed, pitman, london.
Chambers: andrew D. et al, (1987) internal auditing 2nd edition, pitman publishers.
Dandago, I.K (2001) “ Financial Accounting Simplified” Adamu Joji publishers, 2nd edition.
Dharan B. and LEV, B. (1993). The valuation consequence of accounting charges: a multi- year examination, journal of accounting, auditing and finance.
Decoster T. and Meugle. S (2002) public accountability and performance auditing in government, international journal of auditing 6: 109-118.
Everett, J.(2003) the politics of comprehensive auditing in fiels of high outcome and couse uncertainty, critical perspective on accounting, 14(1/2): 77-904.
Humphrey C. (2007), auditing research: a review across the disciplinary divide, accounting, auditing and accountability journal 21(2): 170-203.
Internal Auditing Guideline (IAG) 6 (1990), Internal Audit Committee of the Malaysian Institute of Accountant.
Local government Civil Service Reform (1998).
Mclnes, W.M. (Ed) (1993), Auditing into the 21st centaury, the Chartered Institute of Chartered Accountant of Scotland.
Millichamp A.H (2004), auditing eight edition, Continuum Tower Building, New York.
Millichamp A.H (1990) Auditing: A complete course text, 5th edition, D.P publication.
Ngagi J.O (1999) Essentials on Research Methodology for educators, University press plc. Ibadan. Evans brothers Nigeria Limited, Ibadan.
Oshisomi K. (1993) “ financial management in the Nigerian public sector” Grabbers publishers limited Kaduna, 2nd edition.
Reider, Harry .R. (1994) the complete guide to operational Auditing. New York: John Wiley and sons, inc.
Ruland, R.G (1984) “Duty, Obligation And responsibility in Accounting, Policy Making” journal of accounting and public policy, Fall.
Schilit, H.m (1997) “ is It fraud or just slick accounting? CEO magazine, August.
Taylor Danald H and Glezen G.W (1979) Auditing integrated connected and procedures, York. John wiley P.S Handout.
Turley, W.S (2001), Current Issues in Auditing, 3rd edition, poul chapman publishing London, pp. 3-20.
Copyright (c) 2018 Ibrahim Aliyu Gololo
This work is licensed under a Creative Commons Attribution 4.0 International License.