Internal Audit and Risk Assessment in Ethiopian Public Enterprises
No Thumbnail Available
Date
2011-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Addis Ababa University
Abstract
This research paper examined internal auditing and risk assessment in Ethiopian public
enterprise context. 20 public enterprises were purposefully selected. Mixed research
approach was used and the data were collected by using questionnaires and document
review. Survey results showed that all public enterprises have internal audit function;
operational audit requires most resources, with compliance audit second important audit
type. The amount of audit resources devoted to risk assessment reveals the relative
relevance of this kind of activity. Results also showed that many Ethiopian public
enterprises were introduced formal risk assessment process in their internal audit
function, and few enterprises were on the way to introduce formal risk assessment
process. Hence, for internal audit functions that were not incorporated control risk self
assessment, it is better to incorporate for effective risk assessment. Thus, this study will
be beneficial in terms of the decision making of the board of directors, audit committee of
the organization and other regulatory bodies
Description
Keywords
Public enterprises, Assessment in ethiopian