INTERNAL AUDIT QUALITY AND PERFORMANCE OF PUBLIC TERTIARY INSTITUTIONS IN OSUN STATE, NIGERIA
Despite the presence of internal audit mechanism in most public tertiary institutions, evidence has shown that most of them have experienced audit failure in recent years with consequential effect on the effectiveness and efficiency in quality of service delivery, financial control and performance....
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| Format: | Article |
| Language: | English |
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Kwara State University, Malete Nigeria
2023-11-01
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| Series: | Malete Journal of Accounting and Finance |
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| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/17 |
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| author | Khadijah Adeola IDOWU IBRAHIM Jimoh |
| author_facet | Khadijah Adeola IDOWU IBRAHIM Jimoh |
| author_sort | Khadijah Adeola IDOWU |
| collection | DOAJ |
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Despite the presence of internal audit mechanism in most public tertiary institutions, evidence has shown that most of them have experienced audit failure in recent years with consequential effect on the effectiveness and efficiency in quality of service delivery, financial control and performance. In view of this, the study examined the impact of internal audit quality on performance of public tertiary institutions in Osun State, Nigeria. Primary data was obtained through the administration of structured questionnaire to 72 respondents out of total population of 151 comprising staff of internal audit and bursary departments in three state-owned tertiary institutions in Osun State. Data obtained was analyzed using Correlation Analysis and OLS - Multiple Regression technique. The results show that there is a significant relationship between internal audit quality and performance of Osun state-owned tertiary institutions as confirmed with F (3, 68) = 52.96; P< 0.05). The study concluded that internal audit quality is a veritable tool for promoting performance in terms of efficiency, effectiveness, economy, and quality of service delivery of state-owned tertiary institutions. This study therefore, recommended among others that internal auditor competence and independence should be given more attention and mechanism through which these qualities can be employed and sustained for better internal audit service delivery to enhance performance of public tertiary institutions.
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| format | Article |
| id | doaj-art-938453cc515248e6940e1b8d3c63ca24 |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2023-11-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-938453cc515248e6940e1b8d3c63ca242025-02-10T23:06:34ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032023-11-0111INTERNAL AUDIT QUALITY AND PERFORMANCE OF PUBLIC TERTIARY INSTITUTIONS IN OSUN STATE, NIGERIAKhadijah Adeola IDOWU0IBRAHIM Jimoh1Lagos State University, Ojo, Lagos NigeriaOsun State University, Osogbo, Nigeria Despite the presence of internal audit mechanism in most public tertiary institutions, evidence has shown that most of them have experienced audit failure in recent years with consequential effect on the effectiveness and efficiency in quality of service delivery, financial control and performance. In view of this, the study examined the impact of internal audit quality on performance of public tertiary institutions in Osun State, Nigeria. Primary data was obtained through the administration of structured questionnaire to 72 respondents out of total population of 151 comprising staff of internal audit and bursary departments in three state-owned tertiary institutions in Osun State. Data obtained was analyzed using Correlation Analysis and OLS - Multiple Regression technique. The results show that there is a significant relationship between internal audit quality and performance of Osun state-owned tertiary institutions as confirmed with F (3, 68) = 52.96; P< 0.05). The study concluded that internal audit quality is a veritable tool for promoting performance in terms of efficiency, effectiveness, economy, and quality of service delivery of state-owned tertiary institutions. This study therefore, recommended among others that internal auditor competence and independence should be given more attention and mechanism through which these qualities can be employed and sustained for better internal audit service delivery to enhance performance of public tertiary institutions. https://majaf.com.ng/index.php/majaf/article/view/17Internal audit qualityPerformanceindependencecompetencytertiary institutions |
| spellingShingle | Khadijah Adeola IDOWU IBRAHIM Jimoh INTERNAL AUDIT QUALITY AND PERFORMANCE OF PUBLIC TERTIARY INSTITUTIONS IN OSUN STATE, NIGERIA Malete Journal of Accounting and Finance Internal audit quality Performance independence competency tertiary institutions |
| title | INTERNAL AUDIT QUALITY AND PERFORMANCE OF PUBLIC TERTIARY INSTITUTIONS IN OSUN STATE, NIGERIA |
| title_full | INTERNAL AUDIT QUALITY AND PERFORMANCE OF PUBLIC TERTIARY INSTITUTIONS IN OSUN STATE, NIGERIA |
| title_fullStr | INTERNAL AUDIT QUALITY AND PERFORMANCE OF PUBLIC TERTIARY INSTITUTIONS IN OSUN STATE, NIGERIA |
| title_full_unstemmed | INTERNAL AUDIT QUALITY AND PERFORMANCE OF PUBLIC TERTIARY INSTITUTIONS IN OSUN STATE, NIGERIA |
| title_short | INTERNAL AUDIT QUALITY AND PERFORMANCE OF PUBLIC TERTIARY INSTITUTIONS IN OSUN STATE, NIGERIA |
| title_sort | internal audit quality and performance of public tertiary institutions in osun state nigeria |
| topic | Internal audit quality Performance independence competency tertiary institutions |
| url | https://majaf.com.ng/index.php/majaf/article/view/17 |
| work_keys_str_mv | AT khadijahadeolaidowu internalauditqualityandperformanceofpublictertiaryinstitutionsinosunstatenigeria AT ibrahimjimoh internalauditqualityandperformanceofpublictertiaryinstitutionsinosunstatenigeria |