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|Title: ||Internal Audit Function and Corporate Governance: in Commercial Banks|
|Authors: ||Gebregiorgis, Abraham|
|Advisors: ||Dr. P. Laxmikantham|
|Keywords: ||Internal audit; internal audit function; quality internal audit function; corporate governance; commercial banks|
|Copyright: ||Jun-2011 |
|Date Added: ||2-Jun-2012 |
|Abstract: ||This research paper examined the role of IAF in corporate governance effectiveness in the case of 13 purposely sampled commercial banks by adopting concurrent mixed research approach. Quantitative methods were used through survey of internal auditors, and interviews and documentary sources taken under the qualitative methods. From the total of 105 questionnaires were distributed to internal auditors, 78 had collected and 8 interviews were conducted with vice-presidents of 8 banks.
The main findings of the study were that the rates of implementation to audit recommendation by management, attributes of IAF (or the policy for hiring and training, experience and professional certification of internal auditors), and use of IAF working papers by external auditors in the banks were low. Thus, an IAF of the banks don’t possess quality and its positive impact on corporate governance effectiveness is questionable, though IA practices were maintaining independence and it is value-added activity. Management of the banks need to take corrective action to audit recommendations and have to afford adequate attention to the proficiency of internal auditors to better equip an IAF quality and its role in corporate governance effectiveness. This finding indicated that extensive research should be taken in the quality of IAF and its role in corporate governance mechanisms and their interrelationships.|
|Description: ||A Thesis Submitted to the School of Graduate Studies of Addis Ababa University in Partial Fulfillment of the Requirements for the Degree of Master of Science in Accounting and Finance|
|Appears in:||Thesis - Accounting & Finance|
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