ETHICAL FACTORS AND INTERNAL AUDIT EFFECTIVENESS: EVIDENCE OF DEPARTMENTS AND AGENCIES IN KWARA STATE, NIGERIA

Simple item page
dc.contributor.authorAbdulrasaq Mustapha
dc.date.accessioned2024-07-31T13:19:57Z
dc.date.available2024-07-31T13:19:57Z
dc.date.issued2021-12-19
dc.description.abstractIn any organizational setting, a value-addition role of an internal audit unit is to ensure that an installed internal control system is adhered to so that organisation objectives are achieved optimally. For internal audit to effectively perform this role, particularly in public sector organizations, the ethical practices of internal auditors are of necessity. Going by the spate at which corruptions and other forms of financial maladministration are reported in Nigeria public space, the extent to which practices of integrity, independent posture of internal auditor and competence are observable among department and agencies in Nigeria call for empirical investigation. On this note, this study investigated the effect of ethical factors on the internal audit effectiveness of government departments and agencies in Kwara State. The recent press release by the press secretary to the Executive Governor of Kwara State on the payment of salary to “ghost workers” cutting across MDAs informed the choice of this state as unit of analysis. The study employed a cross-sectional survey research design for the collection of primary data. A structured questionnaire was administered to two hundred and sixteen (216) respondents randomly selected from departments and agencies. Data obtained from the instrument was analyzed using both the descriptive and inferential statistics (Partial Least Square (PLS) estimation technique). With the results of the regression analysis (t-value and P-values<0.05: Integrity: t-value 3.981 & P-values<0.05; Competence: t-value 1.497& P-values<0.05 and Independence: t-value 5.108 & P-values<0.05), the study inferred that internal auditor’s integrity, internal auditor’s competence and internal auditor’s independence have positive and significant effect on the internal audit effectiveness of departments and agencies in Kwara State. This result implies that ethical practices in the areas of integrity, competence and independence of internal auditor significantly explain variation in the value-addition roles of internal auditor in ensuring that internal control system is adhered to. Given these findings, government is advised to strengthen its mechanism that will encourage members of internal audit unit to be honest in the pursuit of their responsibilities. Government should also see the need to employ only professionally qualified individual to the post of internal auditor, as well as embarking on regular training to enhance internal auditors’ skills. Finally, a reporting structure that will not compromise the independence of internal auditor should be put in place and enforced.
dc.identifier.urihttps://kwasuspace.kwasu.edu.ng/handle/123456789/2089
dc.language.isoen
dc.publisherILORIN JOURNAL OF FINANCE
dc.relation.ispartofseries5; 1
dc.titleETHICAL FACTORS AND INTERNAL AUDIT EFFECTIVENESS: EVIDENCE OF DEPARTMENTS AND AGENCIES IN KWARA STATE, NIGERIA
dc.typeArticle
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
08. ETHICAL FACTORS AND INTERNAL AUDIT EFFECTIVENESS - EVIDENCE OF DEPARTMENTS AND AGENCIES IN KWARA STATE, NIGERIA.pdf
Size:
393.18 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Collections
Scholarly Publication