Evaluation of Internal Auditing and Internal Control Measure in Nigeria Public Sector
This comprehensive study investigates deeply into the realm of internal auditing within Nigeria's public sector, with a primary objective of investigating the intricate interplay among key factors such as internal audit independence, auditor competency, experience, and knowledge, and their discernible impacts on fostering favorable outcomes. Employed methodology rooted in regression analysis. The outcomes of this investigation unveils compelling and statistically significant positive associations between the variables of internal audit independence, auditor competency, experience, and knowledge, and a range of positive outcomes. The result revealed a positive enhanced efficacy in fraud control measures, heightened stakeholder confidence, and the nurturing of specialized expertise. Importantly, these findings provide empirical validation for the pre-defined hypotheses and find consonance with antecedent scholarly inquiry. This underscores the critical role that internal audit functions play in bolstering transparency, accountability, and governance within the contours of the public sector. Moreover, these insights carry the potential to contribute substantively to the overarching enhancement of governance standards within Nigeria's public sector. In a broader context, this research contributes to the academic discourse surrounding internal auditing dynamics while offering practical recommendations for fortifying the foundations of transparent and accountable governance in Nigeria's public sector. Keywords: Internal auditing, Nigeria's public sector, internal audit independence and Fraud control JEL classification: M42, M48 & H83