Assignment of Internal Auditors to other Fields of Job and its Implications on Internal Audit function: The Case of Oromiya Semen Shewa Finance and Economic Cooperation Offices’
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Date
2018-01
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Publisher
Addis Ababa University
Abstract
To assure that the budget and resources obtained are used for the purpose of public sector
offices, internal auditing has paramount importance to give quality audit tasks and
strengthen the anticipation that the Finance and Economic Cooperation Offices and
public servants will perform their functions effectively, efficiently, ethically by following
and introduce with applicable laws and regulations promulgated by the government.
There has been a practice of assigning auditors to other fields of job in Oromiya Semen
Shoa Finance and Economic Cooperation Offices. Thus, the general objective of this
study is to investigate the main impacts of assigning internal auditors to other fields of
job on internal audit functions and, on the strength of IA. The study examined, the impact
of assigning internal auditors to other fields of job as to the existence of competent and
experienced internal auditors, and its impact on strengthening internal audit in the FEC
Offices, whether the management has taken immediate action to fulfill vacant IA place by
qualified/experienced auditors on behalf of those auditors who has been assigned to other
fields of job. The study
Investigated also the impact of assigning internal auditors to other fields of job on
internal audit functions, whether the management has practiced job rotation for internal
auditors of Finance and Economic co-operate offices to enhance auditors competency and
strengthen internal audit. In the Finance and Economic Cooperation offices of the
Oromiya Semen Shawa region, internal auditors are simply assigned by management to
other fields of job, the management has not taken immediate actions to fill vacant IA
places by experienced and qualified auditors, the newly assigned auditors have
insufficient knowledge of audit standards and all skills of audit tasks. As a result, the
internal audit of the offices is not strong and quality audit tasks have not been performed.
Description
A thesis submitted to the department of accounting and
Finance (A.A.U) in partial fulfillment for the requirement of
The degree of Master of Science in accounting & Auditing
Keywords
Finance and Economic Cooperation Offices, Internal Audit