Abstract:
The aim of the research is to review and appraise the place of Internal Auditing in ensuring effective and efficient financial management in Enugu State Post Primary Schools Management Board (PPSMB). This was based on the premise that internal auditing is strategic and very crucial towards effective and efficient financial management for the attainment of organizational goals. Internal Auditing has also been acknowledged as one of the most desirable form of audit because it is usually carried out on a continuous/interim basis in organizations. Apart from being the most desirable form of audit it is also one of the most effective internal control measures which makes the work of the external auditors easy. There was no single theory which could do a complete analysis of the research problem. As a result the researcher decided to adopt a concept that can effectively analyze the problem under study after a close and careful observation of the internal audit procedures in the Enugu State Post Primary Schools Management Board. From the analysis and interpretations of the data collected and the consequent results and findings, the researcher concluded that internal auditing in Post Primary Schools Management Board of Enugu State has actually enhanced and ensured effective and efficient financial management in that Board.Although internal auditing was said to be effective in the said organization yet there were rooms for improvement. Going by that, recommendations for improvement were made.
