ABSTRACT
The polytechnic is a stand out public sector institution in Nigeria. Naturally, therefore when inspite of the dwindling finances of the polytechnics by government, the financial crisis is largely blamed by highly placed-government functionaries (like the executive secretary of the National Board for Technical Education and the minister of education) on the financial mismanagement in the polytechnic system well-meaning accounting researchers are bind to be interested.
This project work comprises of five chapters as follows. Chapter one, dealt with the introduction into the project work with background of the study, statement of problem etc. Chapter two, is made of the internal review that is, the main body of the project work. Chapter three, will show research method adopted to analyze the data collected and how it will be carried out. Chapter four, will contain the presentation analysis of data. Finally, the chapter five will consist of summary, conclusion and recommendation of the project work.
PROPOSAL
The purpose of this study is to expose the features of internal auditing in the Nigerian polytechnics system.
The important of the internal audit function in ensuring financial and even operational efficiency in polytechnics cannot be over emphasized.
The main objective of internal auditing is to assist members of the polytechnics in the effective discharge of their responsibilities to this end internal auditing furnishes them with analysis, appraisals, recommendations, counsel and information concerning the activities revived.
It will also identify areas of weakness in the present state of the art would elicit corrective action from both management and internal auditors to enhance effectiveness prudence financial management which is the ultimate good of an effective internal audit will reduce the finance problem of the polytechnics. Also highlight the necessity for the establishment of internal audit in polytechnics where non-currently exists.
The study will facilitate a better understanding by non-accountants of the proper role and place of the internal auditor in the polytechnics. Thus, it would enhance tolerance of the internal audit function by narrowing down potential areas of conflict.
Similarly, the project work will comprise five chapters as follows. Chapter one, dealt with the introduction into the project work with background of the study, statement of problem etc.
Chapter two, is made of the internal review that is, the main body of the project work.
Chapter three, will show research method adopted to analyze the data collected and how it will be carried out.
Chapter four, will contain the presentation analysis of data.
Finally, the chapter five will consist of summary, conclusion and recommendation of the project work.
TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgement
Proposal
Abstract
Table of content
CHAPTER ONE
Introduction
1.1 Background of the study
1.2 Statement of the problem
1.3 Significant of the study
1.4 Scope and limitation of the study
1.5 Purpose of the study
1.6 Definition of terms
CHAPTER TWO
Literature Review
2.1 Introduction
2.2 Development of auditing
2.3 Internal Auditing and Internal Control System
2.4 Identification and Documentation of Internal Control System
2.5 Duties of Internal Auditors
2.6 Comparism of Internal and External Auditors.
2.7 Evaluation of Internal Control System
2.8 The normative features of effective internal auditing
2.9 The nature and administrative structure of Nigeria Polytechnics System.
2.10 Sources of revenue
2.11 Numbers and ownership of polytechnics
2.12 Nigerian polytechnics and National Board for technical education (NBTE)
2.13 Administrative structure
2.14 The legal and professional responsibilities of the auditor
2.15 The organizational chart of Nigeria polytechnics
References
CHAPTER THREE
Research Methodology
3.1 Introduction
3.2 Nature of the population
3.3 Research method
3.4 Sample size
3.5 Design of the instruments
3.6 Administration of the instruments and other methods of obtaining information
3.7 Personal interviews
3.8 Observations
3.9 Limitations to methodology
3.10 Methods of data analysis
3.11 Summary
References
CHAPTER FOUR
Presentation and Analysis of Data
4.1 Data presentation
4.2 Data Analysis
4.3 Discussions of Findings
CHAPTER FIVE
Summary, Conclusion and Recommendations
5.1 Summary
5.2 Conclusion
5.3 Recommendation
Bibliography
Appendices