THE ROLE OF INTERNAL AUDIT IN PUBLIC ORGANISATION: A CASE STUDY OF NATIONAL BOARD FOR SMALL SCALE INDUSTRYS.

Abstract

The public sector used to be clearly defined but in the past few years there has been a blurring on the public and private sector boundary. The public sector almost defies definition since its boundaries vary according to the criteria by which one wishes to describe it.This study is about the importance of internal audit in the Ghanaian Public organization.This study was undertaken at this location where enough evidence was gathered and analysis made. It shows how important internal auditing is in the Ghanaian public organization.The descriptive design was employed to carry the investigation because it seeks to describe the qualitative and quantitative nature of the research. Data for the study were obtained from two main sources namely primary and secondary. The Kumasi branch of the NBSSI was chosen out of their offices for the problem under study. Judgmental sampling and simple random sampling was employed in the course of collecting data and eliciting information from the customers.The main objective of the study is to assess the efficiency and effectiveness of the internal audit department of the National Board for Small Scale Industries (NBSSI). The study revealed that Internal audit Department has sufficient independence to enable it carry out its job satisfactory hence promote efficiency and effectiveness in the organization.Base on the findings, it was recommended that adequate provision of resources, periodic training and regards to auditing report must be enhanced.