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.

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