INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE
The challenges of preventing corrupt practices, the necessity for the advancement of good governance, and the need for the assurance of accountability and transparency necessitated sound internal audit practice. Thus, this study investigated the impact of internal audit on the effectiveness of publ...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Kwara State University, Malete Nigeria
2024-10-01
|
| Series: | Malete Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/150 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1823857152665583616 |
|---|---|
| author | Aminat Arike ARIYO-EDU Ibrahim Ayodeji WOLI-JIMOH Muhammed Lawal SUBAIR |
| author_facet | Aminat Arike ARIYO-EDU Ibrahim Ayodeji WOLI-JIMOH Muhammed Lawal SUBAIR |
| author_sort | Aminat Arike ARIYO-EDU |
| collection | DOAJ |
| description |
The challenges of preventing corrupt practices, the necessity for the advancement of good
governance, and the need for the assurance of accountability and transparency necessitated sound
internal audit practice. Thus, this study investigated the impact of internal audit on the
effectiveness of public sector in Kwara State. A descriptive survey design was used for the study
because of the characteristics of the population. The target population of the study was 102 senior
audit staff from which a Sample size of 81 respondents were selected namely, Kwara State
University, Federal Civil Service Commission, Ministry of Finance, General Hospital Ilorin, and
Ministry of Housing and Urban Development. Primary data was sourced through the
administration of well-structured questionnaire using five-points Likert scale to measure the
question items. Simple Linear Regression was used for the data analysis with the aid of Statistical
Package for Social Sciences (SPSS) version 23.0 and the results revealed that 93.9% increase in
public sector management (β=0.939, t0.05>1.645), caused a unit change in internal audit efficiency
(IAE) of the selected case study. Also, a change in internal audit procedures caused about 87.2%
increase in public sector assets (β=0.872, t0.05>1.645). Further finding revealed that a unit change
in internal audit support (IAS) caused about 79.4% increase in public sector management
effectiveness (β=0.872, t0.05>1.645) at 5% level of significant. The study concluded that internal
audit demonstrated effectiveness in safeguarding public sector assets, enhancing service delivery,
and promoting financial accountability. The study, therefore, recommended that public sector
management should continue to strengthen the internal audit system departments, ensuring they
have the resources and autonomy needed to carry out their duties effectively.
|
| format | Article |
| id | doaj-art-a983128c56404970a1b5cf658527b8f1 |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-a983128c56404970a1b5cf658527b8f12025-02-11T23:08:09ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032024-10-0142INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATEAminat Arike ARIYO-EDU0Ibrahim Ayodeji WOLI-JIMOH1Muhammed Lawal SUBAIR2Al-Hikmah University Ilorin, Kwara StateAl-Hikmah University Ilorin, Kwara StateKwara State University, Malete The challenges of preventing corrupt practices, the necessity for the advancement of good governance, and the need for the assurance of accountability and transparency necessitated sound internal audit practice. Thus, this study investigated the impact of internal audit on the effectiveness of public sector in Kwara State. A descriptive survey design was used for the study because of the characteristics of the population. The target population of the study was 102 senior audit staff from which a Sample size of 81 respondents were selected namely, Kwara State University, Federal Civil Service Commission, Ministry of Finance, General Hospital Ilorin, and Ministry of Housing and Urban Development. Primary data was sourced through the administration of well-structured questionnaire using five-points Likert scale to measure the question items. Simple Linear Regression was used for the data analysis with the aid of Statistical Package for Social Sciences (SPSS) version 23.0 and the results revealed that 93.9% increase in public sector management (β=0.939, t0.05>1.645), caused a unit change in internal audit efficiency (IAE) of the selected case study. Also, a change in internal audit procedures caused about 87.2% increase in public sector assets (β=0.872, t0.05>1.645). Further finding revealed that a unit change in internal audit support (IAS) caused about 79.4% increase in public sector management effectiveness (β=0.872, t0.05>1.645) at 5% level of significant. The study concluded that internal audit demonstrated effectiveness in safeguarding public sector assets, enhancing service delivery, and promoting financial accountability. The study, therefore, recommended that public sector management should continue to strengthen the internal audit system departments, ensuring they have the resources and autonomy needed to carry out their duties effectively. https://majaf.com.ng/index.php/majaf/article/view/150Internal AuditEffectivenessPublic Sector managementPerformance |
| spellingShingle | Aminat Arike ARIYO-EDU Ibrahim Ayodeji WOLI-JIMOH Muhammed Lawal SUBAIR INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE Malete Journal of Accounting and Finance Internal Audit Effectiveness Public Sector management Performance |
| title | INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE |
| title_full | INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE |
| title_fullStr | INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE |
| title_full_unstemmed | INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE |
| title_short | INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE |
| title_sort | internal audit efficiency and public sector performance a study of selected mdas in kwara state |
| topic | Internal Audit Effectiveness Public Sector management Performance |
| url | https://majaf.com.ng/index.php/majaf/article/view/150 |
| work_keys_str_mv | AT aminatarikeariyoedu internalauditefficiencyandpublicsectorperformanceastudyofselectedmdasinkwarastate AT ibrahimayodejiwolijimoh internalauditefficiencyandpublicsectorperformanceastudyofselectedmdasinkwarastate AT muhammedlawalsubair internalauditefficiencyandpublicsectorperformanceastudyofselectedmdasinkwarastate |