AUDITING AS A TOOL FOR MANAGEMENT POLICY IMPLEMENTATION (A CASE STUDY OF WEST AFRICAN MILK COMPANY PLC ABA)

ABSTRACT 
Internal auditing is the process of continuous review of financial transaction of a firm in order to ensure that they are working as management’s support or intends.  The problem facing the internal auditors includes lack of top management’s support to the internal auditors or in order to carryout their work effectively, lack of independence of the internal auditors and lack of qualified and motivated staff. The objective of the study was to find solution to the problems that hinder the internal audit functions. Three research questions were raised for the study and three hypothesis were formulated. The survey research designs was adopted for the study with a sample size of 25.  The questionnaire was the main instrument used for data collection.  The data collected was subjected to simple validity and reliability test.  The analysis of data was based on statistical tables and chi-square (X2) techniques was used to test the level of significance.  Some of the findings are that lack of internal auditor independence hinders affected the internal auditors etc.  Based on the findings, recommendations such as to enable the effectiveness of the internal auditors were made which include that the management should employ qualified staff to carry out their work and also the internal auditors should be given full independence to enable them perform their duties effectively.
TABLE OF CONTENTS Title pageii Approval Page iii Certification iv Dedicationv  Acknowledgementvi Abstract vii Table of Contentsviii
CHAPTER ONE 1.0Introduction1 1.1Background of the Study1 1.2Statement of the Problem3 1.3Objectives of the study4 1.4Significance of the Study5 1.5Research Question6 1.6Research Hypothesis 6 1.7The Scope and Limitation of the Study7 1.8Definition of Terms8
CHAPTER TWO 2.1Review of Related Literature 11 2.2Internal Auditing Independence        13 2.3Roles of Internal Auditing15 2.4Nature of the Internal Audit Activity21 2.5External and Internal Auditor Compare 33
CHAPTER THREE 3.0Introduction39 3.1Design of the Study39 3.2Area of the Study40 3.3Population of Study40 3.4Sample and Sampling Technique 40 3.5Sources of Data41 3.6Validation of the Instrument 41 3.7Reliability of the Instrument 42 3.8Administration of the Instrument 42 3.9Method of Data Analysis 43 
CHAPTER FOUR 4.0Data Presentation and Analysis 45 4.1Data Presentation45  4.2Testing of Hypothesis 58 4.3Discussion of the Findings 62
CHAPTER FIVE 5.1Summary of the Findings63 5.2Conclusion 64 5.3Recommendations64 Bibliography  Appendix  Questionnaire