Factors Affecting internal audit practice of Cooperative bank of Oromia

Abstract

The internal audit function is important as an essential internal assurance mechanism in public financial controls and as a tool for monitoring and evaluating financial management activities in private, government agencies and other sectors, thus the general objective of the study is to investigate factors that affect the internal audit practice of cooperative bank of Oromia in Wolkite branch. Explanatory research design is employed for investigating the cause and effect relationship between the variables. The sample method will be employed census in which all workers are included. Factors such as: independence, management support, competence and Sector of the organization and management training ground will be study on this area to investigate the impact they have on internal audit practice. After data will collected raw data will be converted into suitable form for analysis and interpretation. This will be achieved through sequences of activities including editing, coding, entry, and tabulation and techniques of descriptive analysis. Finally inferential statistics will be used to determine and analysis the degree and direction of relationship between dependent and independent variables.