TABLE OF CONTENTS
Title
page
Certification
Dedication
Acknowledgement
Table
of content
CHAPTER ONE
1.0
Introduction
1.1
Background of the study
1.2
Problems of the study
1.3
Aims of the study
1.4
Scope of the study
1.5
Organization of the study
CHAPTER TWO
2.0
Literature review
2.1
Internal review
2.2
Function of internal audit
2.3
Internal control and accounting
procedure
2.4
Internal auditing as an aid to
management
2.5
Comparization of internal audit department
2.6
Comparism with external auditor
2.7
Investigation of internal auditor
2.8
Internal audits report
CHAPTER THREE
3.0
Research methodology
3.1
Historical background of the case study
3.2
Source of data
3.3
Data analysis techniques
3.4
The organization of the internal audit
department of the case study
3.5
Limitation of the study
CHAPTER FOUR
4.0
Presentation and analysis of the system
control in uith
4.1
Data presentation
4.2
Data analysis
4.3
Testing of hypothesis
4.4
Findings
4.5
Control on cash office
4.6
internal sources of revenue
4.7
the major unit of audit department
4.8
External auditor
4.9
The report
CHAPTER FIVE
5.0
Summary conclusion and recommendation
5.1
Summary
5.2
Conclusion
5.3
Recommendation
References.
CHAPTER ONE
1.0 INTRODUCTION
O THE STUDY
1.1 BACKGROUND
OF THE STUDY
Internal
auditor constitutes parts of the structure of the internal control system,
which function as a check in other work in and organization.
The internal auditors enjoy some
measures of independence from organizations operating personal for the fact
that they make report, the chief executive of an organization to whom they are
responsible.
The
external auditor is certified that the activities of the internal auditor is
assured of the reliability of accounting records, he can substantially limit
amount of checking’s he has to do.
He
may decide, for instance, to adopt the figure to stock on the balance sheet if
he is satisfied that the internal auditor conducts a continuous check on the
stock record. It has to be noted that wherever reliance the external auditors,
it is done at is own risk.
Therefore,
if anything goes wrong, he cannot escape the liability merely because he relied
on internal auditor, the internal auditor is more intimately associated with
the operation on the external auditors as to area that requires a particular
attention.
Once
the internal auditor departments has created its term of reference to carryout
internal audit work without objection and recitation from those
responsibilities. The work of internal audit is not easy, because it work is
concerned with inspection apart from other control system and people normally
resent being inspected.
1.2 PROBLEM FACING THE INTERNAL AUDIT
DEPARTMENT IN (UITH) UNIVERSITY OF ILORIN TEACHING HOSPITAL
Present
point of view of challenges facing the internal audit department in UITH, the
deficiencies in corporate government revealed buy the financial crisis, the new
compliance requirement and achieving a balance between the internal audit
control departments.
Enterprise
risk management (ERM).
TOP FIVE CHALLENGES FACING THE CASE
STUDY
1
Realigning skills to address new
requirement of the audit department in UITH
2
Aligning internal audit coverage new
requirement of the case study.
3
Maintaining stature with the audit
committee in UITH
4
Maintaining a focus to prevent and
detect fraud in audit department
5
Addressing internal auditing role in
assessing risk management.
Is
clear from the explanation given that the internal audit is a responsibility
job.
Infarct,
its involves contacting the staff of the
department for expert advise, which requires qualified skill and experience
staff of the department for expert advice, which required qualified skill and
experience staff, for internal audit department to function effectively it has
to be adhere adequate staff with skill officers and provide necessary
infrastructure.
1.3 AIMS OF THE STUDY
The
study is intended to establish the importance of role of an internal auditors
in an organization in terms of internal control and to ensure compliance with
plans and polices of an organization
The
study is further means to highlight the function of auditor and its relations
with account and other department in and organization
1.4 SCOPE OF STUDY
The
case of study is very important to an organization especially to the university
of ilorin teaching hospital management in term of internal control and to
attain corrective actions where necessary.
The
study covers the internal audit as it affect the following sections
A.
Salary section
B.
Expenditure section
C.
Revenue section
D.
Purchase and supplies section
E.
Final account section
F.
Cash office
The
study goes further to cover the procedures for the payment of suppliers and
contractors in this organization as it affect the internal control system.
1.5 ORGANIZATION OF STUDY
This
project is broken down into five (5) chapters, which comprises
Chapter
one:- introduction of study and
scope of study.
Chapter two: - contains the literature review of the internal control
system.
Chapter three: deals with research methodologies, which involve sources of
data, data collection methods and analysis techniques, history of university of
Ilorin teaching hospital and its organization chart.
Chapter four: - the summary of the role of internal auditor in a organization
finally
Chapter five: contains the summary conclusion and recommendations for
improvement of internal audit efficiency.
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