Management Audit in the National Bank of Ethiopia: Challenges and Prospects

No Thumbnail Available

Date

2007-03

Journal Title

Journal ISSN

Volume Title

Publisher

A.A.U

Abstract

This research attempted to look into the current management audit practice of the National Bank of Ethiopia to assess its organization and performance thereby find out major challenges and prospects of management audit in light of recent developments and best practices in the field In the project, primary data was collected using a survey of two target groups. Secondary data was also collected from two local best management audit practicing institutions. It was explored that inappropriate reporting relationship, absence of approved internal audit charter, lack of training, staff composition, absence of bank-wide risk management body and inadequate position classification and salary structure were the major problems to execute management audit in the NBE. On the contrary, the transformation has brought many benefits including providing objective assurance on whether resources are used optimally and operations are performed in efficient, effective and economical manner; and has contributed its part to I I improve overall institutional performance of the bank by measuring actual/, I ' ( , performances of plans against strategic goals and objectives.

Description

Keywords

National Bank, Ethiopia: Challenges

Citation

Collections