INTERNAL AUDIT: A TOOLS FOR MANAGEMENT CONTROLS

ABSTRACT
This research work has investigated “the internal audit as a tool for management control” (A case study of project development institute PRODA) which is located in Enugu East Local Government area in Enugu State. The major objective of this project or research was to find out those objectives that made the internal audit as a tool for management control at PRODA in Enugu. To accomplish the above objective therefore, the work has to be divided the following conclusion have drawn from the major finding of the study. There is a misconception of the internal audit function by non-auditing personnel. This state of affairs, from information is due to ignorance or attempt to cover up fraud are errors. The existences of standard internal audit produce promote efficient internal audit. The internal audit provides an economical a measure for safeguarding company funds and property. The objective of internal audit is to aid in management control of government enterprise. The internal auditor therefore, aids efficient control of organization activities. Other findings include: Internal auditor issues periodic report the management for conservation and decision-making. The internal audit has helped to: Minimize fraud and extravagant use of frauds. Ensuring that all money due to the institute are collected and properly recorded.