THE IMPACT OF INTERNAL AUDIT EFFICIENCY ON THE FINANCIAL PERFORMANCE OF COMPANIES (A CASE STUDY OF UNILEVER NIGERIA PLC)
Abstract
This study investigates the impact of internal audit efficiency on the financial performance of companies, with specific reference to Unilever Nigeria Plc. Internal auditing plays a vital role in ensuring transparency, accountability, and effective risk management within organizations. Using a survey research design, data were collected from staff within the organization and analyzed using descriptive statistics. The findings reveal that efficient internal audit systems contribute positively to financial performance by improving internal controls, reducing fraud, and enhancing operational efficiency. The study concludes that organizations with strong internal audit functions are more likely to achieve better financial outcomes. Recommendations include strengthening audit independence and investing in continuous professional training.
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