Implementation of Audit Recommendations: The Case of Oromia Speciale Zone Surrounding Finfinnee City Administrations
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Date
2019-12
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Publisher
A.A.U
Abstract
The main objective of this project is to assessing the implementation of audit recommendations in Oromia regional government public institutions. Auditors express their opinion on audit finding through audit report to concerned body in each sector and design follow up mechanism for their implementation. The study employed primary and secondary data achieved through Likert-scale type questionnaires, interviews and the study of documentary materials obtained from various resources. Simple random sampling and purposive sampling techniques were used to select respondents from the study population. The collected data were analyzed through simple descriptive statistics using percentage and tables. The study revealed that factors hindering implementation of audit recommendation include: lack of follow up actions, less concern of leaders to oversee the implementation of the recommendations, lack of clarity what actions to be undertaken, lack of audit recommendations quality and lack of competent auditeeās staff. The study recommended to this situation include: developing implementation progress report system, undertaking follow up actions, appropriate training and sufficient knowledge should be provided for staffs and the government to commensurate responsibility of leaders with accountability for proper implementation of audit recommendations in public sectors of the region.
Description
A Project Paper Submitted To The Department Of Accounting And Finance (Graduate Program) In Partial Fulfillment Of The Requirements Of The Degree Of Master Of Science In Accounting And Auditing
Keywords
Audit recommendations, Implementation, public institutions.