INTERNAL AUDITING EFFICIENCY IN IMPROVING COMPANYS PERFORMANCE:A CASE STUDY OF EMENITE LIMITED,ENUGU STATE.
Abstract
This study examined the relationship between internal audit efficiency and company performance, using Emenite Enugu as a case study. The research aimed to investigate how the effectiveness of internal audit functions within the company impacts its overall performance. By conducting a thorough analysis of Emenite Enugu's internal audit practices and their correlation with key performance indicators. This study sought to provide valuable insights into the significance of internal audit in enhancing organizational effectiveness and success. The data of this study was collected from the financial statement of Emenite limited. The study adopted ex-post facto and panel data analysis research method Ordinary least square (OLS) technique was employed in the analysis of the data. The study made use of stata econometric software. The findings of this study revealed that internal auditing doesn't significantly improve company's performance for the period given in this study in ROA, while in ROE and EPS revealed that internal auditing significantly improves company's performance for the period given in this study.This study recommended that there is need to ensure that the internal control systems are strengthened and upgraded with new modern security features as these will check any form of loopholes.
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