Assessment of Internal Audit Practices in The Case of Abay Bank Sc.
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Date
2024-06-04
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A.A.U
Abstract
The main purpose of this study is to examine the Assessment of internal audit practices in the case
of Abay bank SC. The general objective of this study was to assess of internal Audit practice in the
case of Abay bank SC. Specifically how effectiveness and efficiency works in link with competence,
independence, compliance and management support. Data was then analyzed on quantitative basis
using descriptive statistics. The target is selected fifteen city branches including head office internal
audit department that are predictable to represent the other branches. The data were collected
through questionnaire. The sampling technique was purposive method.To answer the research
questions questionnaires were distributed to different staff members and internal auditor. The
finding of this study states that competency, compliance organizational independence and
management support well and fine. The result showed that there is strong significant positive
relationship between independence, competency, management support and compliance to dependent
variable internal audit effectiveness.