Abstract
This project work examined the role of management audit in evaluating organizational performance. The main objective of this study is to ascertain if management audit is a means of evaluating organizational performance and efficiency. The primary source of data collection which includes the personal interview and questionnaire were source to gather useful information during the project work. Simple percentage was used to analyze the data obtained. The chi-square was used to test the hypothesis drafted. The result reveals that good internal control system is the strong back bone to any establishment and objective, this internal audit department staff has to be sincere and honest. It was concluded that management audit should be carryout at a piece meal or continuous basis and it was recommended that control should be simplified and lines of accountability made direct.
CHAPTER ONE
INTRODUCTION
1.1 Background to the Study
The establishment of this organization is to produce and distribute coca-cola products and they are geared towards making profit through this goods and services they offer, this result is qualifiable and can easily be measured against predetermined standard.In an attempt to achieve this objective this organization used some kind of internal control which every staff of the organization has to adhere to accordingly. The measure of the success of this organization is a reflection of the quality and effectiveness of its management. Management accounting to Breach, is a social process entailing responsibilities of the effective and economic planning and regulation of the operation of an enterprise in fulfillment of a given purpose or task. Such responsibilities involve:
1. Judging and taking decision that will lead to the effective management of the business of the organization.
2. The controlling, motivation and supervisor of both man and material resources in attaining the objective and goals of the organization.
Some organizations dos well than the others in the same environment with almost the same financial economic resources.In efficiency and ineffectiveness of an organization result form may factors like bad management, fraudulent practices, lack of experience, planning and lack of good management skills. Management audit will reveal all this and recommend to the management the appropriate position and suggest solution to individual problems, then all this problems were started in the terms of reference to the management audit term.The exercise is designed to check all levels of management.
From the chief executive officer to the lowest rank officer of this organization. The independence of the management audit term has played a very crucial role in affecting the performance of the organization and to crown it all, the attitude of the management to the management audit term report has also has a very crucial role to play in measuring the extent at which management audit has affected performance in this organization.