BANKING SUPERVISION AND THE STATE OF INTERNAL AUDIT FUNCTION IN DEPOSIT MONEY BANKS (DMBS) IN NIGERIA

ALPHONSIUS D. WIRNKAR, YOHANNA G. JUGU, AMBROSE A. OKWOLI

Abstract


The researcher deemed it necessary to appraise the compliance of
internal audit unit of banks in Nigeria to the referred Basel committee
on banking supervision principles put forth in 2011. The survey research design was found appropriate and data was analyzed using the nonparametric statistics of chi-square goodness-of-fit test. All computations were via the SPSS version 22. The findings show absolute compliance by the internal audit units of banks in Nigeria to the Basel principles, 2011. Internal audit units are implored to maintain this good state of compliance.

KEYWORDS: Basel, Principles, Internal Audit Unit, Compliance, Integrity, Legitimacy

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International Journal of Management Science Research ISSN ISSN 2536 – 605X(Print)

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