ASSESSMENT OF INTERNAL AUDIT EFFECTIVENESS (IN CASE OF WOLKITE UNIVERSITY)

Abstract

Well performing internal audit function is one of the strongest means to help an organization to accomplish its objectives by bringing a systematic, displaced approach to evaluate and improve the effectiveness of risk management, control and governance process as well as to produce effective audit of high quality as a result, in many countries it has received an increasing attention as an important component of government financial management and as a tool for improving the performance of their activities. In line with this, the effectiveness of audit activity is influenced by various factors and identifying these factors and treating them accordingly should the central promises of the internal audit process in order to maintain effective audit of high quality at satisfactory levels. This study was aimed or conducted to assess the internal audit effectiveness in Wolkite University. the study was tried to assess the effectiveness factors, like internal audit quality ,management support, organization setting, organizational independence of internal auditors and audite attribute. For obtaining data regarding internal audit of the organization, the researcher was used primary sources of data.