Internal Auditor: A Management Decision Maker in Quoted Manufacturing Firms in Nigeria

Abstract

This research is designed to ascertain the perspective of internal auditing and strategy implementation, considering the standpoint of the internal auditor as a management decision maker. Thus, determining the outcome of internal auditing on strategy implementation in quoted manufacturing firms in Nigeria. In achieving this, questionnaire and personal interviews were used while data were analyzed using the simple percentage and frequency distribution methods. However, it was found that the internal audit personnel reviews and evaluates implemented business strategies; and that, successful implementation of strategies (policy) which leads to performance depends largely on the integrity and competence of the internal audit personnel because the internal auditor is involved in determining the executive functions such as strategy (policy) implementation. Therefore, we conclude that, the internal auditor is a ‘management decision maker (strategist)' in quoted manufacturing firms in Nigeria.