Challenges And Prospects Of Internal Audit In Nigeria Banks
[A STUDY OF DIAMOND BANK]

1.4      Research Question
What are the challenges faced by internal auditors in Nigerian Banks.
What are the prospect of internal audit in Nigerian Bank comply with banks complies with bank management policies and regulation.

1.5     Research Hypotheses:
H0 There is no significant challenges faced by internal auditor in Nigerian Banks.
H1There is significant challenges faced by internal auditor in Nigerian Banks
H0 There is no significant prospect of internal audit in Nigerian Banks
H1There is significant prospect of internal audit in Nigerian Banks
1.6     Significance of the Study:
They significance of the study form the contribution it will add to knowledge on the often debated topic of evaluation challenges and prospect of internal audit. This work will be of great benefit to:
Researchers and student: because it reveals the relevance of auditors and for student it also contributes significantly to the internal auditing debate.
Auditors: it will be useful to auditors because it tells them about their challenges and how to face them and also prospect toward them carrying their duties.
Management of Banks: the study is to help management appreciate auditors and understand the challenges the face in carrying out their duties, so also to provide prospect for auditors so that they can help to improve audit facilities or technology and so that  they will make the work enjoyable and they wouldn’t want to risk losing billions of money.
Government: agencies, companies, bankers researchers student who might be interested in knowing about the concept challenges and prospect of internal auditors it will cover the whole aspect of internal audit the objectives, types, reliance and prospect etc this huge amount of information will be an indispensable material to the above mentioned beneficiaries.
Public: It will also help the public in the sense that they will able to know the statues of the company so that they can make decision on either to invest in the company or not so as to avoid risk.
1.7    Scope of the Study:
It was the wish of the researcher to cover many areas of the banking sector but for the purpose of this study the researcher is only restricted to the role of auditors in detection, prevention and control of fraud in banking sector with the case study of diamond bank plc.
1.8     Limitations of the Study:
The researcher encountered a lot of hindrances and problems while carrying out this work. The major limitation was pressure of time in terms of academic work and demand of the research. The researcher was combining academic work with activities relating the research. Finance to source relevant materials was also a major hindrance. However these problems did not affect the quality of the research    
1.9     Definition of Terms:
Auditor:   An auditor is a person usually professional, appointed by banks to audit its financial statement and therefore make an opinion on the truth and fairness of the financial statement Auditor in this study refers to the internal auditors
Bank: A organization or place that provide financial services Bank in this work refers to as diamond bank
Financial Statement: This is a form of annual report and accounts that includes a statement of comprehensive income and loss, statement of financial position and also other statement including directors report and cash flow statement, finance statement in this work refers bank financial statement.