To guide the study four research question were formulates using questionnaires as a instruction. The data collection are analyzed using simple percentage.

Some of the findings among other are:

Internal audit (supervisor) department whereas effective management control in banking organization.

Supervisory department encloses financial accountability in banking organization.

Supervisory department plays a significant role in effective utilization of organization fund by management.

The availability of supervisory department encourages efficiency among employees in building organizations.

We recommend that the entire staff of banks be adequately compacted and motivated towards a common organization goal, them management will be in a better position to see supervisor as honest helper to effective performance of the credit of job well done.

In the present volatile and dynamic economy of Nigeria a bank cannot survive without supervisory arm. Therefore recommend that all banks in Nigeria should have a supervisory department.

TABLE OF CONTENT

Cover page

Title page

Approval page

Dedication

Acknowledgment

Abstract

Table of content

CHAPTER ONE

INTRODUCTION

1.1 Statement of the problem and the purpose of the study

1.2 Rational of the study

1.3 Significance of the study

1.4 Definition of terms

CHAPTER TWO

REVIEW OF RELATED LITERATURE

CHAPTER THREE

HYPOTHESIS

3.1 Hypothesis

3.2 Methodology

3.3 Source/ location of data

3.4 Limitation of the study

CHAPTER FOUR

PRESENTATION OF DATA

Data analysis and findings

4.1 Presentational of data

4.2 Data analysis

CHAPTER FIVE

SUMMARY OF WORK, CONCLUSION RECOMMENDATION FOR FURTHER STUDIES

5.1 Summary of the work

5.2 Conclusion

5.3 Recommendation for further studies

CHAPTER ONE

1.0 INTRODUCTION

1.1 STATEMENT OF THE PROBLEM AND THE PURPOSE OF STUDY

Internal auditing it can be defined as a review of operations and records sometimes continues undertaking with a business by a special assigned staff. The main objective is to assure management that the internal chuck and accounting system are effective in design and operation.

1. The cases of increasing bad debts resulting form loans issued to customers given problem to management as a result part of their income is now issued as a provision against these debts in view of requirement of the prudential guidelines for licensed banks issued by the CBN in 1990 financial years.

2. There is lack in economy and efficiency in operations. Transition records of some banks made by employees are not in agreement with established procedures resulting in unbalanced books and records.

3. There is every recurring problems of bank manager granting credits (loans) over their discretional limits as approve by management without adequate security given this results in loan losses.

4. To identify and explain how supervision (internal auditing) can be of assistance towards achieving effective bank management.