Internal Auditing and Organisational Performance in Nigeria

Adu; Cecilia  Adurayemi; Ajigbotoso; Moses  Ade

doi:10.59890/cxs85386

Authors

Adu Crawford University Author
Cecilia Adurayemi Crawford University Author
Ajigbotoso Crawford University Author
Moses Ade Crawford University Author

DOI:

https://doi.org/10.59890/cxs85386

Keywords:

Internal Auditing and Organisational Performance

Abstract

Numerous factors are known to impact internal auditing's impact on an organization's performance. Among the challenges that have been discovered include a lack of understanding of the tasks of internal audit, fear of losing one's job, and concerns regarding standards compliance and working conditions. The impact of internal auditing on organizational performance was investigated in this study. The purpose of this study was to ascertain the effects of internal control systems on worker productivity in manufacturing companies, as well as the relationship between internal audit independence and quality and worker productivity in manufacturing companies. Since a survey research strategy is the most suitable for determining the correlation between the variables in the objectives, this study used it. It was important to find out how employees felt about internal audit. The Statistical Package of Social Sciences, or SPSS, was used to evaluate the data that was gathered via copies of the questionnaire. The result of hypothesis one showed that internal audit independence did not have significant influence on manufacturing companies and the result of hypothesis two showed that internal audit quality did not have significant influence on manufacturing companies. This research work covered manufacturing companies in Ogun State. Hundred copies of questionnaire were also distributed to manufacturing companies in this region. It was therefore suggested that researchers who would want to carry out a similar work should extend their research work to other parts of Nigeria. It was also concluded that internal auditing has an effect on organizational performance

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