Determinants of Internal Auditing Effectiveness in Tertiary Institutions

Solomon Oriakhi(1),


(1) Department of Accountancy, Edo State Polytechnic Usen, Nigeria

Abstract

The study examines determinants of internal auditing effectiveness in tertiary institutions using Edo state as a study. Staff of nine tertiary and internal audit department formed the sample size. Data were elicited from respondents using the questionnaire designed in a five point Likert scale. The hypotheses of the study were tested using spearman rank correlation (RHO) with statistical package for social sciences (SPSS) 16.0. The result reveals that independence of internal audit department of tertiary institutions is a major determinants. The quality of audit work showed an insignificant impact, while professional proficiency and top management support reveals an insignificant impact respectively. The researcher therefore recommends that measures should be taken by tertiary institution owners and regulatory agencies to enhance internal audit department’s independence in the area if staffing, funding, scope of work and working conditions. Top management should also give internal audit unit their maximum support. These if implemented will ensure greater effectiveness and productivity of internal audit in Nigerian tertiary institutions.

Keywords

effectiveness, internal auditing, professional efficiency, tertiary institutions

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DOI: https://doi.org/10.33455/ijcar.v2i1.121

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