SIGNIFICANCE OF INTERNAL AUDITING ON THE PERFORMANCE OF INSURANCE ORGANIZATION IN NIGERIA

ATTENTION:

BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!

INFORMATION:

YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR

YOU CAN CALL: 08068231953, 08168759420

WHATSAPP US ON: 08137701720

SIGNIFICANCE OF INTERNAL AUDITING ON THE PERFORMANCE OF INSURANCE ORGANIZATION IN NIGERIA

CHAPTER ONE

INTRODUCTION

1.1 Background of the Study

Very large organization and some small ones have found a need for internal audit in addition to an external audit. Internal auditors are employee of the organization and work exclusively for the organization. Their functions partly overlap those of the external auditors and in parts are quite different. The precise functions of external auditors are either laid down by statute or embodied in a letter of engagement. The functions are determined by management and vary greatly from organization to organization. Internal audit defined as an independent appraisal functions established by the management of an organization for the review of the internal control system as a service to the organization. It objectively examines, evaluate, and report on the adequacy of internal control as a contribution to the proper economic, efficient and effective use of resources

The demands on the internal audit departments of insurance organizations have increased significantly in recent years as technology advances, regulation becomes more rigorous, new risks emerge, and companies seek more business insights. Internal audit plays a crucial role in providing assurance on an organization’s governance, risk management, and control processes to help achieve strategic, operational, and financial objectives while balancing compliance objectives and expectations from regulators. Internal audit departments need to leverage an understanding of insurance industry trends, feedback from leadership, regulatory compliance requirements, and available public information to add value to the organization – to optimize internal audit value.

Insurance organizations’ internal audit departments have more demands than many other organizations, namely because they are providing assurance insight and consultation on risk management to an industry that executes risk management as its business. However, because insurance organizations are operating in an environment of ever-increasing change and regulation, internal audit has vast opportunities to improve and provide value optimization.

HOW TO RECEIVE PROJECT MATERICAL(S)

After paying the appropriate amount (#5,000) into our bank Account below, send the following information to

08068231953 or 08168759420

(1) Your project topics

(2) Email Address

(3) Payment Name

(4) Teller Number

We will send your material(s) after we receive bank alert

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.