The Place Of Internal Auditing In Ensuring Effective And Efficient Financial Management (A Case Study Of Post Primary Schools Management Boardppsmb- Enugu State)

ABSTRACT

The aim of the research is to review and appraise the place of Internal Auditing in

ensuring effective and efficient financial management in Enugu State Post Primary

Schools Management Board (PPSMB). This was based on the premise that

internal auditing is strategic and very crucial towards effective and efficient

financial management for the attainment of organizational goals. Internal

Auditing has also been acknowledged as one of the most desirable form of audit

because it is usually carried out on a continuous/interim basis in organizations.

Apart from being the most desirable form of audit it is also one of the most

effective internal control measures which makes the work of the external auditors

easy. There was no single theory which could do a complete analysis of the

research problem. As a result the researcher decided to adopt a concept that can

effectively analyze the problem under study after a close and careful observation

of the internal audit procedures in the Enugu State Post Primary Schools

Management Board. From the analysis and interpretations of the data collected

and the consequent results and findings, the researcher concluded that internal

auditing in Post Primary Schools Management Board of Enugu State has actually

enhanced and ensured effective and efficient financial management in that Board.

Although internal auditing was said to be effective in the said organization yet

there were rooms for improvement. Going by that, recommendations for improvement were made.

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