Abstract
The aim of this study is to identify and analyse internal audit competency requirement for effective auditing performance in tax administration. To achieve this, a case study methodology was employed to carry out a face-to-face interview with 9 internal auditors of the Federal Inland Revenue Service (FIRS) Nigeria. The collected data was analysed using Nvivo qualitative software. The findings of the study show that qualification, knowledge and skills are the three major indicators of internal auditors’ competency in performing effective auditing functions in tax administration. This study implies that to achieve a successful performance of internal auditing in the FIRS, competent internal audit staffs are highly needed for effective internal auditing performance.
Highlights
Effective internal audit performance is the aim of any organization in order to achieve its objectives
The findings of this study have provided new dimensions in understanding the requirements and roles of competency of internal auditors in the performance of tax administration
The study has contributed to the literature of internal audit in tax administration by identifying and analysing the influence of competency in achieving successful auditing performance
Summary
Effective internal audit performance is the aim of any organization in order to achieve its objectives. Internal audit is one of the management tools and mechanisms for achieving effective operational performance in an organization. For example, are: external audit report, organization committee on enquiry, individual performance evaluation etc. Internal audit is an independent objective function and consulting activity structured to add value and enhance an organizational operation (Pitt, 2014). Internal auditing is used as a disciplined approach to systematically identify, assess and analyse operational activities of an organization with a sole objective to improve its productivity (Gurama & Mansor, 2018a). Internal audit is a catalyst for achieving visionary objective of an organization. Competent auditors are required to take care of the responsibility of auditing functions that can yield the anticipated result (Eze, 2016)
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