Factors Affecting Regularity Audit Effectiveness: In Case of Office of Federal Auditor General of Ethiopia
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Date
2021-04
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A.A.U
Abstract
The importance of the role of regularity audit in the public sector in supporting good governance through its role in supporting the accountability, transparency and integrity in the use of public resources is undeniable. While this crucial role of regularity audit there are several factors affecting its effectiveness. This study investigated factors affecting regularity audit effectiveness in case of office of federal auditor general of Ethiopia. The study tried to identify and measure the impact of Supreme audit institutions’ Legal Mandate, Auditees’ Cooperation and Auditors’ Competency on regularity audit effectiveness. The study employed explanatory type of research method and quantitative research approach. Cross-sectional data was collected from 156 respondent financial auditors of office of the federal auditor general through structured questionnaire. Descriptive and multiple regression analysis techniques were used to summarize the collected data and to study the relationship among the variables under study; respectively. The Statistical analysis was conducted using STATA version 14.2 and SPSS version 26 software. The findings of the study revealed that Supreme audit institutions’ Legal Mandate, Auditees’ Cooperation and Auditors’ Competency have significant and positive influence on regularity audit effectiveness in the office of federal auditor general of Ethiopia. The results of the study also showed that these three variables contribute for 67.6% of variance in regularity audit effectiveness. The findings of this research signposted supreme audit institutions’ legal mandate, as the key driver of regularity audit effectiveness. Accordingly the study recommended that the office of the federal auditor general should stretch its mandate for more effective regularity audit.
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Keywords
Regularity audit effectiveness, Office of the federal auditor general