ASSESSMENT OF INTERNAL AUDITING PRACTICE IN DASHEN BANK (In the case of WOLKITE BRANCH)

Abstract

This study was conducted to assess internal auditing practices in Dashen Bank in Wolkite branch. Internal auditing helps an organization accomplish its objectives by bringing a systematic discipline to evaluate and improve the efficiencies of risk management control and governance process. The study fields to assess the factors, strength and weakness with regard to internal audit in Dashen bank of Wolkite branch. The data relevant to the study was collected from primary and secondary source of data. Primary data collected through questionnaires and secondary sources from journals written documents and reports. Based on the conclusion and the finding the internal auditing practice of Dashen bank in Wolkite branch relatively better and follow the theoretical aspects of internal audit practice. Researcher mentioned the main benefits and results of undertaking internal auditing practice as it strengthens internal controls, enhances efficiency, improves security, verifies the accuracy and integrity of financial statements, helps to minimize risks and ensures compliance. Researcher also recommended finding the internal auditing practice of Dashen bank in Wolkite branch as all internal auditing practice of the Dashen in Wolkite branch is relatively better and for future the bank give attention for developing skilled man power, specially, in the audit area and the system of internal auditing can be free without the any influence by management or other body to do the audit practice.