THE ROLE OF PUBLIC ACCOUNTANTS IN INTERNAL AUDIT FUNCTIONS
ABSTRACT
This study investigates the role of public accountants in internal audit functions, aiming to understand their impact on risk management, internal controls, and compliance assurance. A survey design was utilized to collect data from internal auditors and public accountants, allowing for a detailed examination of their roles and effectiveness. Based on Taro Yamane’s formula, a sample size of 367 was determined from a population of 8,000 accountants in Port Harcourt, ensuring a representative sample. Port Harcourt was selected for its vibrant business environment and diverse industrial activities. The survey achieved a reliability coefficient score of 0.88, indicating high reliability. Results suggest that public accountants play a critical role in strengthening internal controls and compliance, yet face challenges in risk management due to evolving regulatory requirements. Recommendations include continuous professional development and the integration of advanced audit technologies to enhance the effectiveness of internal audit functions.
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