Internal Audit Practice the Case of Somali Regional Government Public Sector offices, Ethiopia
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Date
2015-05
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Addis Ababa University
Abstract
This study examines internal audit practice in Somali regional government public
offices, population of the study were 101 internal audit staffs and 80 internal auditors
were selected as sample size using simple random sampling. The study investigates
key problems in internal audit practices regarding the organizational policy
authorizing internal audit, auditee cooperation, independence and objectivity,
proficiency and scope of work of internal audit, reporting follow-up and quality review,
and planning of internal audit unit. The study adopts mixed method approach in order
to achieve the research objectives and to answer research questions. Specifically, the
techniques used in the study include survey with internal auditors, documentary
analysis and in-depth interviews with financial control support process owners
(internal audit department heads). With these research methods, the results of the study
reveal that organizational policy authorizing internal audit and reporting follow up
and are in line with the standards. But there is lack of auditee cooperation to the
internal audit staffs, audit planning is not considered organizational risk profile,
independence and objectivity of internal auditors are impaired and quality assurance
is not carried out that leads ineffectiveness of internal audit. In the end, the study
forwards that both Somali regional state government sector offices and internal audit
staffs in the region to should work with the ISPPIA standards formulated by IIA’s to
mitigate challenges in the internal audit practice in the region.
Key words: Internal Auditing Standard, Internal Audit Practices; Public Sector
offices
Description
Keywords
Internal auditing standard, Internal audit Practices, Public Sector