Abstract:
An investigation into the impact of Intern al Auditing on
organizational performance was carried out on forty selected
organizations in Port Harcourt to find out if the use of internal audit
in these organizations was justified based on the benefits derivable
from it. Questionnaire was administered to elicit information from
the respondents. Two research hypotheses were also formulated.
The data collected were presented on appropriate tables and
analyzed using both Kruskal Wallis Rank Test and Z. distribution
respectively. It was found out that the use of internal audit In business
organization not only contribute to greater organizational/managerial performance but also assists in the detection of frauds and errors. It was therefore concludes that the internal audit unit IS a necessity for business organizations. We therefore recommend among others, that internal audit department/unit should not only be established or used in business organizations but that their recommendation and reports should also be considered by management in their decision making.
