It is with pleasure that the school announces that Doctoral Candidate Simon Akinteye is to be published in the IJMBS-The International Journal of Management and Business Studies in the Jan-March 2015, Vol 5, Issue 1 edition. His article is entitled, “Corporate Governance: An Investigation of the Competence of the Head of Internal Audit Function in Nigerian Listed Companies”. We congratulate Mr. Akinteye on his achievement and look forward to more publications by him.
The role of the Internal Audit Function in corporate governance is significant as the key insider activity which gives the Audit Committee and the Board of Directors a clear view of what is going on in the firm to enable the Board of Directors and the Audit Committee to exercise their oversight functions. This is crucial as the quality of the oversight of the Board of Directors and the Audit Committee directly affects the quality of financial reporting and stakeholders’ interests. To fulfill this role requires a Competent Head of Internal Audit Function. This paper examines the Competence of the Heads of the Internal Audit Function in the firms listed on the Nigerian Stock Exchange through a qualitative approach using two stage interviews: in-depth interviews and follow up interviews of the Heads of Internal Audit Functions, in the non-financial listed firms. The results show the existence of the strong presence of ingredients of competence in the Heads of Internal Audit Function. We conclude that the Internal Audit Function in Nigerian listed firms is an effective corporate governance mechanism.