The question as to whether or not internal audit has an important role to play, has been generating a lot of controversies over years, especially, among hotel and restaurant owners. This question that seemed to be yet half way answered, gave rise to carrying out this study.
The work is designed in such a way as to help readers understand the roles of internal audit in management of hotels and restaurants. The project deals extensively with the roles of internal audit in the management of hotels and restaurants the importance of these roles, the hindrances, advantages and disadvantages, effect and possible solutions to these problems.
Chapter one was designed to give an overview of the study. This chapter dealt with the background of the study, relevant research questions, statement of hypothesis, significance of study, scope and limitations. Also covered were the definitions of technical jargons employed in the work.
Chapter two was a review of previous work on the definition and meaning of internal audit, importance of internal audit, advantage and disadvantage of internal audit, scope, roles of internal audit among others. This chapter in a nutshell gave a clue of the need for an internal audit.
Chapter three of this work was all about the summary of findings, conclusion and recommendations. This chapter suggested new findings as regards internal audit activities and recommendations.
Finally, this work was made to assist many people in various aspect of life including student’s lectures, hotel and restaurant owners and other alike.
TABLE OF CONTENT
TABLES OF CONTENT
1.1 BACKGROUND OF STUDY
1.2STATEMENT OF PROBLEMS
1.3PURPOSE AND OBJECTIVE OF STUDY
1.4SIGNIFICANCE OF STUDY
1.5SCOPE, LIMITATIONS AND DELIMITATION
1.6DEFINITION OF TERMS
2.0REVIEW OF RELATED LITERATURE
2.1 DEFINITION OF INTERNAL AUDIT
2.2IMPORTANC OF INTERNAL AUDIT
2.3QUALITIES OF A GOOD INTERNAL AUDIT
2.4MERITS AND DEMERITS OF INTERNAL AUDIT
2.5SCOPE OF INTERNAL AUDIT
2.6INDEPENDENCE OF INTERNAL AUDIT
2.7QUALIFICATIONS OF INTERNAL AUDIT
2.8PROBLEMS OF INTERNAL AUDIT
2.9ROLES OF INTERNAL AUDIT
3.0:FINDING, CONCLUSIONS AND RECOMMENDATIONS
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