An efficient and functional economy depends largely on strength of its financial system, in Nigeria, some government departments, ministries and prostates have adopted the role of internal and external auditor in commercial banks to execute and enhance control over their financial activities. Hence the research work is aimed at identifying the inadequacy associated with the traditional data processing method. In the light of the above, several extent literature, relates the inadequacies of the traditional system to slowness in processing large volume of data and vulnerability to human avoidance error. This call for the adoption to role of internal and external auditors adoption of which have to be helpful considering in meeting the above identified challenges, the variously suggested.
The work of an auditor is covered with checking the books of account and other relevant documents of an organization in order establish the creditability of the financial statements and reports. The examination, upon which the report is based, is known as audit.
There are two main types of an auditor. That is internal and external. Therefore, there is need to examine the bank books of account and other supporting documents of commercial bank by other internal and external auditor so as to safeguard the public funds and to protect error in the financial statement of account and other relevant documents.
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