Corporate Governance and Internal Audit in Bayelsa State Internal Revenue Board
The study evaluated the effects of corporate governance on the efficacy and efficiency of organizations’ internal audit system in Bayelsa State, Nigeria. To guide the investigation, a questionnaire was used to collect primary data for inferential analyses. Survey design was adopted with a population 200. The analytical results revealed the following: Staff motivation; training and retraining; remuneration and appraisal have a significant impact on the effectiveness and efficiency of internal audit and control systems in the Internal Revenue Board of Bayelsa State, South-South, Nigeria. According to the highlighted findings, the corporate governance elements used in this study have a significant effect on the internal audit and control systems' efficacy and efficiency. The study finds that staff motivation, training and retraining, remuneration, and appraisal exert a substantial influence on the internal audit system. Based on the findings and conclusions, the study suggests that organisations should prioritize motivation by implementing frequent staff training and retraining programmes, conducting staff appraisal exercises, and regularly reviewing upward remuneration of staff. Keywords: Staff motivation; training and retraining; remuneration and appraisal, Internal Audit and Control