The Impact of Internal Audit on Financial Management of Katsina State Investment and Properties Development Company Limited

Muhammad Usman¹

Section:Research Paper, Product Type: Journal-Paper
Vol.7 , Issue.2 , pp.1-7, Dec-2019

Online published on Dec 31, 2019

Copyright © Muhammad Usman . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
The study aims to evaluate the impact of Internal Audit on Financial Management of Katsina State Investment and Properties Development Company. The population of this study is Katsina State Investment and Properties Development Company which a period of seven (7) years was used from 2010-2016. The data generated from their annual report and account was analyzed by means of Regression analysis using E-views 8.0. The result of the analysis was tested at 0.05 (5%) level of significance. The findings of the study show that Internal Audit has significant impact on Expenditure Control, Prudence and Accountability. Therefore, the study recommends that, the management of Katsina State Investment and Properties Development Company should ensure that much attention is given to the Internal Audit department by ensuring that the necessary mechanisms that could enhance their effectiveness are put in place as will enhance expenditure control and Prudence. It is also recommended that the management of Katsina State Investment and Properties Development Company should ensure that auditors make report regularly to enhance effective accountability.

Key-Words / Index Term :
Internal Audit, Internal Control, Investment and Properties Development Company

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