EFFECT OF INTERNAL AUDIT ON FINANCIAL MANAGEMENT OF BAUCHI STATE PUBLIC SERVICE

Abstract

BALA SULAIMAN DALHAT

(Professor of Accounting)

Department of Accounting Technology,

Abubakar Tafawa Balewa University Bauchi

NAZIRU SULEIMAN, PhD

Department of Accounting Technology,

Abubakar Tafawa Balewa University Bauchi

ABSTRACT

This study examines the effect of internal audit on financial management of Bauchi State public service. The study employed primary source of data, which was collected through administration of structured questionnaire using a descriptive research design. The dependent variable of the study is financial management, while the independent variables are are internal audit independence, internal audit capacity, internal audit objectivity, and internal audit standard compliance. The population for this study consists of 794 internal auditors in the Bauchi State civil service. The data collected were analyzed by descriptive statistics and Regression using Statistical Package for the Social Science (SPSS) version 21. The results of the analysis indicated that internal audit independence and internal audit capacity do not have effect on financial management performance of Bauchi State public service. However, internal audit objectivity and internal audit standards do have a significant effect on financial management performance of Bauchi State public service. The findings of the study have indicated the effect of Internal Audit on Financial Management of Bauchi State Public Service. Its therefore recommended that focus be placed on enhancing other supportive elements such as adequate resource allocation, continuous professional development, and institutional support systems which may play a more critical role in boosting audit effectiveness.