Gilbert Ekezie
The Convener of National Dialogue on Internal Audit Practice in West Africa, Mazi Sam Ohuabunwa, has condemned the neglect of internal audit profession in West Africa, especially in Nigeria, both at tertiary institutions and professional levels.
According to him, this is unacceptable with over 50 years of accountancy in Nigeria. He also decried the level of corruption and inefficiencies in the Nigerian system, of which internal auditing is a primary panacea.
He said over the years, internal auditing should be a tool for efficient and effective risk management, internal controls/compliance and governance processes designed to add value to organisations and help them accomplish their objectives.
READ ALSO Senate pledges speedy ammendment of NDIC Act
Speaking at a briefing on the forthcoming book launch, A-Z of Internal Audit Practice (West Africa Edition) and a dialogue on internal audit practice with the theme, “Internal Auditing”, slated to hold at the Chartered Institute of Bankers of Nigeria (CIBN), Victoria Island, Lagos on Tuesday, November 27, 2018, Ohuabunwa stated that the idea to compile the book on internal auditing practice was…
