Browsing by Author "Tsegaye Kebede"

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    Evaluating the Internal audit practices of the Commercial Bank of Ethiopia (CBE) using the International Professional Practices Framework (IPPF) as a benchmark
    (AAU, 2023-06-05) Tsegaye Kebede; Habtamu Berhanu
    Conformity with the International Internal Audit Standards (IIASs) is an essential part of internal audit to ensure that the Internal Audit Functions (IAF) effectiveness, the reliability of the audit reports and to enhance and protect organizational value by providing risk-based and objective assurance. Hence, this study aims at evaluating the internal audit practices of the Commercial Bank of Ethiopia (CBE) using the International Professional Practices Framework (IPPF) as a benchmark. The study utilized a mixed research approach both qualitative and quantitative research. Data were collected from primary and secondary sources which includes; a self-administrated questionnaire, semi-structured in-depth interviews, and documentary review. The survey design, in turn, uses purposive sampling and the target populations of the study were internal auditors of CBE at the head office. The collected data were analyzed by descriptive statistics with the support of SPSS and presented by using tables. Based on the research results, the current practices of internal audit in CBE through taking the Mandatory Guidance requirements of IPPF as a benchmark could be summarized into four groups: standards that are adequately, fairly, inadequately, and poorly complied. The major findings revealed that in CBE; a detailed audit work program is prepared, an audit plan is properly implemented, internal audit reports are prepared adequately as per the standards, Internal Audit Activities (IAAs) have an approved internal audit charter, and also the findings disclosed independence & objectivity of internal audit activities were aligned with the IPPF. More the code of ethics adequately complied and govern both the behavior of individuals and the bank. However, gaps were stated regarding the internal audit staff proficiency and due professional care and quality assurance and improvement program (QAIP) standards inadequately and poorly complied respectively. However, the mandatory guidance requirements conformance level in CBE fairly complied with the IIASs. Finally, CBE should pay much attention to raising the application of IIASs where attribute standards principally need much attention relative to performance standards.
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    Evaluating The Internal Audit Practices Of The Commercial Bank Of Ethiopia (CBE) Using The International Professional Practices Framework (IPPF) as a Benchmark
    (AAU, 2023-06-11) Tsegaye Kebede; Habtamu Berhanu
    Conformity with the International Internal Audit Standards (IIASs) is an essential part of internal audit to ensure that the Internal Audit Functions (IAF) effectiveness, the reliability of the audit reports and to enhance and protect organizational value by providing risk-based and objective assurance. Hence, this study aims at evaluating the internal audit practices of the Commercial Bank of Ethiopia (CBE) using the International Professional Practices Framework (IPPF) as a benchmark. The study utilized a mixed research approach both qualitative and quantitative research. Data were collected from primary and secondary sources which includes; a self-administrated questionnaire, semi-structured in-depth interviews, and documentary review. The survey design, in turn, uses purposive sampling and the target populations of the study were internal auditors of CBE at the head office. The collected data were analyzed by descriptive statistics with the support of SPSS and presented by using tables. Based on the research results, the current practices of internal audit in CBE through taking the Mandatory Guidance requirements of IPPF as a benchmark could be summarized into four groups: standards that are adequately, fairly, inadequately, and poorly complied. The major findings revealed that in CBE; a detailed audit work program is prepared, an audit plan is properly implemented, internal audit reports are prepared adequately as per the standards, Internal Audit Activities (IAAs) have an approved internal audit charter, and also the findings disclosed independence & objectivity of internal audit activities were aligned with the IPPF. More the code of ethics adequately complied and govern both the behavior of individuals and the bank. However, gaps were stated regarding the internal audit staff proficiency and due professional care and quality assurance and improvement program (QAIP) standards inadequately and poorly complied respectively. However, the mandatory guidance requirements conformance level in CBE fairly complied with the IIASs. Finally, CBE should pay much attention to raising the application of IIASs where attribute standards principally need much attention relative to performance standards.