Systematic Review Approach on Internal Auditing and Financial Performance on SMEs

• Author(s): Mogaji, B. J.; Olowolaju P. S.; Akinrinsola, O. O.; Adedeji E. A.
• Paper ID: 1711696
• Page: 339-350
• Published Date: 06-11-2025
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 9 Issue 5 November-2025

Abstract

The research study delves into the review of internal auditing and financial performance in Southwest, Nigeria. The purpose of the study is to evaluate the relationship between internal auditing and the financial performance of small and medium-scale enterprises in Southwest Nigeria. It also assesses how internal auditors? qualities contribute to the efficacy of the financial performance of SMEs in lowering poverty. However, some significant barriers remain, including limited access to information, lack of compliance with regulations, and inadequate training. According to the study, auditors? quality significantly improves the efficiency of financial performance among SMEs. The findings of this study will aid in a better understanding of the current status of internal audit effectiveness, including the elements that influence it, as well as gaps and potential for future research. Understanding how internal audit effectiveness may be measured, as well as the elements that may influence it, can help organizations better understand their current performance and, ultimately, improve it in the future.

Citations

IRE Journals:
Mogaji, B. J., Olowolaju P. S., Akinrinsola, O. O., Adedeji E. A. "Systematic Review Approach on Internal Auditing and Financial Performance on SMEs" Iconic Research And Engineering Journals Volume 9 Issue 5 2025 Page 339-350

IEEE:
Mogaji, B. J., Olowolaju P. S., Akinrinsola, O. O., Adedeji E. A. "Systematic Review Approach on Internal Auditing and Financial Performance on SMEs" Iconic Research And Engineering Journals, 9(5)