THE IMPACT OF AUDIT COMMITTEE ON FINANCIAL MANAGEMENT OF AN ORGANIZATION
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- NGN 3000
Abstract
The impact of a Good Audit committee on the financial management of an organization cannot be over emphasized. This is because internal control is the bedrock of any organization that wants continuity in the existence of the organization. The problem facing the banking sector is that they do not have an internal control system and also they lack organizational control. The study utilized five banks as the case study. the study made use of primary and secondary source of data collection, Oral interview, questionnaire, Newspaper etc. and found out that loses occure on daily bases due to there is no relationship between case study and audit committee. Then I came to a conclusion, therefore it is conclusively to say that the financial management of an organization via internal control system may never be possible if the board and senior managements are not committed in providing well planed internal control system.
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