0704-883-0675     |      dataprojectng@gmail.com

EFFECTIVENESS OF INTERNAL AUDITING IN ENHANCING MANAGERIAL DECISION-MAKING IN TARKA LGA

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style:
  • Recommended for :
  • NGN 5000

Background of the Study

Internal auditing is a critical aspect of an organization’s financial control system. It involves the independent evaluation of financial and operational processes to ensure accuracy, compliance, and efficiency. In Tarka LGA, internal auditing is essential for ensuring that public resources are managed effectively, fostering transparency and accountability in local government operations. The findings from internal audits provide valuable information that can enhance managerial decision-making by identifying areas for improvement, detecting inefficiencies, and ensuring that financial decisions align with the organization’s objectives. This study will evaluate the effectiveness of internal auditing in supporting managerial decision-making within Tarka LGA.

Statement of the Problem

Despite the importance of internal auditing, there may be a lack of thorough implementation or utilization of audit findings in Tarka LGA. This may result in poor financial management, inefficiencies, and suboptimal decision-making. The study will assess the effectiveness of internal auditing in enhancing managerial decision-making in Tarka LGA.

Aim and Objectives of the Study

Aim: To evaluate the effectiveness of internal auditing in enhancing managerial decision-making in Tarka LGA.
Objectives:

  1. To assess the internal auditing practices in Tarka LGA.
  2. To examine the impact of internal auditing on managerial decision-making in Tarka LGA.
  3. To identify the challenges faced by Tarka LGA in implementing effective internal auditing practices.

Research Questions

  1. What internal auditing practices are employed in Tarka LGA?
  2. How does internal auditing impact managerial decision-making in Tarka LGA?
  3. What challenges does Tarka LGA face in implementing effective internal auditing practices?

Research Hypothesis

  1. H₀: Internal auditing does not significantly enhance managerial decision-making in Tarka LGA.
  2. H₀: There is no significant relationship between internal auditing practices and the quality of managerial decision-making in Tarka LGA.
  3. H₀: Challenges in the implementation of internal auditing do not significantly affect managerial decision-making in Tarka LGA.

Significance of the Study

This study will highlight the importance of effective internal auditing in improving managerial decision-making, which in turn will contribute to better financial management and accountability in Tarka LGA.

Scope and Limitation of the Study

The study will focus on the internal auditing practices within Tarka LGA and their effect on decision-making. Limitations may include difficulty in accessing comprehensive audit reports and the possibility of internal biases in audit practices.

Definition of Terms

  • Internal Auditing: The independent evaluation of an organization’s financial and operational processes to ensure compliance, accuracy, and efficiency.
  • Managerial Decision-Making: The process by which managers identify, evaluate, and select the best course of action for the organization.
  • Financial Control System: The procedures and practices put in place to manage and oversee the financial activities of an organization.




Related Project Materials

Effect of Cost Accounting on Decision-Making in Local Government Projects in Jos South Local Government Area

Background of the Study

In local government, decision-making processes are pivotal for ensuring that public resources are allocated effec...

Read more
An Examination of Customer Retention Strategies in Retail Banking: A Study of FCMB, Akwa Ibom State

Background of the Study
Customer retention is a critical metric for the success of retail banking, influencing profitabilit...

Read more
IMPACT OF SOCIAL MEDIA IN MODERN JOURNALISM IN NIGERIA

EXCERPT FROM THE STUDY

Modern journalism refers to the era of online journalism, the era of internet, which has become p...

Read more
The impact of mobile banking technology on corporate banking outreach: A case study of Ecobank Nigeria, Abuja

Background of the Study
Mobile banking technology has emerged as a transformative tool for extending corporate banking outr...

Read more
AN ANALYSIS OF CONFLICT MANAGEMENT AND ITS IMPACT ON WORKERS’ PERFORMANCE IN PUBLIC SECTOR

BACKGROUND OF THE STUDY

Conflict management is one of the classic areas of corporate management that ha...

Read more
An Examination of the Challenges Faced by Psychiatric Nurses in Managing Schizophrenia Patients in Sokoto State

Background of the Study

Schizophrenia is a severe mental disorder affecting approximately 1% of the g...

Read more
Effectiveness of Accounting Information System in Monitoring Local Government Projects in Jos South Local Government Area

Background of the Study

Monitoring and evaluating local government projects is essential for ensuring t...

Read more
An Assessment of the Influence of Public Health Education on Hand Hygiene in Lagos State, Nigeria

Background of the Study
Hand hygiene is a fundamental preventive measure in reducing the transmission of i...

Read more
Enhancing the Security of School Databases Using AI-Based Intrusion Detection Systems in Secondary Schools in Minna, Niger State

Background of the Study

With the increasing digitization of school operations, databases play a crucial...

Read more
THE GOAL OF EFFECTIVE MANAGEMENT OF LIFE ASSURANCE IN NIGERIA INSURANCE INDUSTRY

ABSTRACT

This research report examines the goal of effective management of life assurance product in Nigeria insurance i...

Read more
Share this page with your friends




whatsapp