ASSESSMENT OF INTERNAL AUDIT PRACTICE IN CASE OF COMMERCIAL NOMINEES P.L.C.

Abstract

This study conducted to assess internal auditing practice in Commercial Nominees plc in Head Office. Internal auditing helps and association negotiate its objects by bringing a methodical discipline to estimate and ameliorate the edge of threat operation control and governance process. The study field to assess the factors, strength and weakness with regard to internal inspection in Commercial Nominees plc of Head Office. The data applicable to the study was collected from primary and secondary source of data. Primary data collected through questionnaires and secondary sources from journals written document and reports. Grounded on the conclusion and the chancing the internal auditing practice of Commercial Nominees plc in Head Office fairly better and follow the theoretical aspects of internal inspection practice. Again, the exploration set up out that the factors affecting internal auditing practice of Commercial Nominees plc in Head Office were rules and regulations of the Company, the auditors independent less, lake of faculty of auditors. The major debit of Commercial Nominees plc in Head services deficit of professed force (competent auditor) and also independent lower of the auditor. Based on the conclusion and finding internal audit practice of Commercial Nominees plc head office relatively better and follow the theoretical aspects of internal audit practice.