Department of Accounting and Finance

URI for this collectionhttps://rps.wku.edu.et/handle/123456789/46627

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Subject: search.filters.subject.Governmental sectors

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    DETERMINATS OF INTERNAL AUDIT EFFECTIVENESS: DETERMINATS OF INTERNAL AUDIT EFFECTIVENESS: DETERMINATS OF INTERNAL AUDIT EFFECTIVENESS: A STUDY WITH REFERENCE TO WOLAITA ZONE
    (wolkite university, 2022-06-07) OMOSHE GIBORE
    The main purpose of this study was investigating determinants of internal audit effectiveness with reference to wolaita zone, SNNPRS. To conduct the study, the researcher used deductive type of research approach and explanatory type of research design as it was conducted to investigate cause and effect relationship between dependent and independent variables. As a result, the study primarily focused on 11 purposively selected governmental sectors with good potential and well organized manpower and internal auditing activities. To select respondents that enable collect reliable data, purposive sampling was also applied in each and every purposively selected woreda and sector. In other words, only respondents that can provide reliable data out of employees of purposively selected sector in purposively selected woreda or city administration were chosen to distribute Amharic version of questionnaire. Thus, two types of questionnaires were prepared and distributed (one type to top management team members & the other type of questionnaire to internal audit officers) so that the required primary data could be collected. Internal audit independence, management support, adequate and competent internal audit staff, sufficiency of budget, level of objectivity and approved IA charter were hypothesized determinants that have been tested using collected primary data in the study area and all of these six determinants were proposed to have positive and statistically significant impact on IAE. Out of these determinants, internal audit independence and sufficiency of budget were investigated by the study to have positive and statistically significant contribution to IAE. However, determinants like adequate and competent internal audit staff, level of objectivity and approved IA charter were investigated to have insignificant positive contribution to IAE. Beta sign to management support showed that the variable has negative and insignificant contribution to IAE. According to results of regression analysis, 60.5% of the study is explained by the model and it showed that all of the variables collectively could play crucial role to sustain effectiveness of internal audit functions in governmental sectors in the study area. Finally, analysis results revealed that all concerned bodies should give special attention to increase independence of internal audit work process and to assign sufficient budget to IA work process.
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    Factors Affecting Internal Audit Effectiveness in Governmental Sectors: Case Study in Guraghe Zone
    (wolkite university, 2019-06-09) Abidlemewella Bedewi
    The main purpose of this study was investigating factors affecting internal audit effectiveness in governmental sectors in guraghe zone, SNNPRS. As a result, the study used 13 randomly selected sectors (four out of eleven regional sectors with IA work process, one & the only federal sector and eight out of fifteen zonal sectors with IA work process) out of purposively selected 27 governmental sectors that have IA work process. The sectors were stratified into three strata (federal government, regional government and zonal government related sectors). Simple random sampling was applied on each stratum to get sectors that were used to form the sample size. Distributing two types of prepared questionnaire to 128 top management & IA, primary data was collected from 116 respondents (response rate 90.625%). Descriptive statistics & OLS multiple linear regression to measure IAE and to identify factors affecting IAE were applied respectively. Internal audit independence, management support, adequate and competent internal audit staff, sufficiency of budget, level of objectivity, approved IA charter, unrestricted information access and professionally competent team leader were hypothesized factors to be investigated and all of these factors were expected to have positive and significant impact on IAE. Out of these eight factors, internal audit independence, sufficiency of budget and unrestricted information access, were factors identified to have positive and significant contribution to IAE & internal audit independence was identified to be the most important deriver of IAE. But management support, level of objectivity, approved IA charter and professionally competent team leader were investigated to have insignificant positive contribution to IAE. Beta sign to adequate and competent internal audit staff showed that the variable has negative and insignificant contribution to IAE. Regression output of the analysis showed that 62.3% of the study is explained by the model and it showed that all of the variables collectively could play very important role to contribute for IAE.