Effect of Innovative Technology on Internal Audit Using Selected Municipalities in Nigeria as Case Study

The world we live in today is technology driven as evident in technological innovations which has disrupted the traditional approach to getting things done in many spheres. Organizations are beginning to take drastic steps to harness these innovative technologies to strengthen their internal control mechanisms; one of which is the internal audit. This study examined the effect of innovative technology on internal audit of Local Governments of Osun State, Nigeria. A sample of 100 auditors was drawn using the purposive sampling technique from 15 Local Governments out of the 30 Local Governments that exist in the state. "Innovative Technology in Internal Audit Instrument" (ITII) was constructed and validated using factor analysis to ascertain the content validity while Cronbach Alpha was used to verify the internal consistency of the reliability of ITII with an index of 0.791. Analysis of variance (ANOVA) was used to analyse the research hypotheses. The result shows that there was significant effect of innovative technology on internal audit of the Local Governments in Osun State, Nigeria. Periodic seminars and workshops on the use of innovative technology in the internal audit for auditors were inter alia recommended.