INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE
Year: 2024
Type: article
Abstract: The challenges of preventing corrupt practices, the necessity for the advancement of goodgovernance, and the need for the assurance of accountability and transparency necessitated soundinternal audit practice. Thus, this study investigated the impact of internal audit on theeffectiveness of public sector in Kwara State. A descriptive survey design was used for the studybecause of the characteristics of the population. The target population of the study was 102 senioraudit staff from which a Sample size of 81 respondents were selected namely, Kwara StateUniversity, Federal Civil Service Commission, Ministry of Finance, General Hospital Ilorin, andMinistry of Housing and Urban Development. Primary data was sourced through theadministration of well-structured questionnaire using five-points Likert scale to measure thequestion items. Simple Linear Regression was used for the data analysis with the aid of StatisticalPackage for Social Sciences (SPSS) version 23.0 and the results revealed that 93.9% increase inpublic 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 changein internal audit support (IAS) caused about 79.4% increase in public sector managementeffectiveness (β=0.872, t0.05>1.645) at 5% level of significant. The study concluded that internalaudit demonstrated effectiveness in safeguarding public sector assets, enhancing service delivery,and promoting financial accountability. The study, therefore, recommended that public sectormanagement should continue to strengthen the internal audit system departments, ensuring theyhave the resources and autonomy needed to carry out their duties effectively.
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7047942832
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