Internal Auditing As An Instrument Of Effective Management

This study was carried out essentially to find out the place of internal auditing as an instrument of Effective Management taking IMT, Enugu as a case study.
The study is intended to look the extent the internal audit has faired in its role, the definition and objective of internal audit. Six research questions were analysed to establish the instrumentality of internal audit of effective management. The research questions were administered to the staff of internal audit and bursary department.
The research reversed the literature on the subject of investigation which was highly complementary to the result obtained from the questions. The study also showed that the inability of the internal audit of IMT Enugu to have access to all records and information needed for their work is deeply affecting their management.
It is pertinent to know that every public organization is required by statue to have its annual reports and account audited by a suitably qualified professional account who has been given the singular term “Auditor” which with the growth of management functions in business organization, the development of internal auditing as a tool of management will become imperative.
The implication of the finding of the study is that there is to be proper delegation of authority so as to maintain adequate checks and balances, emphasis should be placed on the prevention of errors and irregularities rather than on detection.