COVER PAGE I

TITLE PAGE II

APPROVAL PAGE III

DEDICATION IV

ACKNOWLEDGMENT V

ABSTRACTS VI

TABLE OF CONTENT VII

Chapter ONE

INTRODUCTION 1

BACKGROUND OF THE STUDY 2

STATEMENT OF PROBLEM 5

SCOPE OF THE STUDY 6

DEFINITION OF TERMS 7

Chapter TWO

REVIEW OF RELATED LITERATURE 12

DEFINITION OF AUDITING 12

INTERNAL AUDIT 16

INTERNAL CHECK 19

INTERNAL CONTROL 21

ELEMENT OF INTERNAL AUDIT 24

METHOD AND PROCURE OF INTERNAL AUDIT 29

DIFFERENCE BETWEEN INTERNAL –

AND EXTERNAL AUDITOR 31

TYPES OF INTERNAL CONTROL 35

NATURE OF INTERNAL AUDITING 38

QUALITIES REQUIRED OF AN –

INTERNAL AUDITOR 39

RELIANCE ON THE WORK OF –

INTERNAL AUDITOR 40

Chapter THREE

SUMMARY OF FINDING 46

RECOMMENDATION 47

CONCLUSION 49

BIOGRAPHY