Browsing by Author "Assefa Belaynew"

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    Effectiveness of Audit Practice in Improving Financial Performance in the case of Selected Private Organisations in Addis Ababa
    (A.A.U, 2024-06-04) Assefa Belaynew; Temesgen Worku
    The objective of this study was to find out the Effectiveness of audit practices in improving financial performance in the case of selected private organisations in Addis Ababa. The project was conducted among the 40 Addis Ababa city government private companies. This study used descriptive and inference research designs. The sample was administered a structured questionnaire to collect primary data. Secondary sources of data include other research and projects before interviews with some experts. The data were analyzed with a statistical package of social sciences (S.P.S.S.). The study concluded that the relationship between financial performance and audit quality is positive and significant. In particular, the study found negative relationships with the provision of non-audit services and positive links between financial performance and compliance with audit standards, the independence of auditors and the professional qualifications and experience of auditors. The research recommends that private organizations pay attention to the quality of the audit they receive from external auditors, as the results have shown that it affects financial performance. The study recommended further research into the definition and measurement of audit quality.