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Abstract:
The research work empirically assessed the roles of internal audit in corporate governance using the Nigeria Breweries company as a case study. The major focus of the study is to ascertain those relevant auditing roles that are very germane to corporate governance in the organization. A survey research of the auditing staff, accounting staff as well as management staff of the Nigerian Breweries is conducted and descriptive statistics is used to analyze the responses of the respondents to key variables that link auditing role to corporate governance. It was discovered form the results that not all internal control measures are followed despite the fact that all other identified variables shows that there is a well-established auditing procedures in the organization. Again, it was also discovered that important corporate governance variables such as disclosure of the remuneration of the directors as well as annual review of the remunerations of the BOD and other senior staff are not strictly followed. All these among others affect the effectiveness of internal audit on corporate governance in the organization.
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