Effect of Internal Audit on Organizational Performance: The Case Study of Goal Ethiopia
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Date
2023-01-01
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AAU
Abstract
The main objective of the study was to examine the effect of internal auditing on organization’s
performance of GOAL Ethiopia in Addis Ababa. Descriptive study design was used for this study.
Both qualitative and quantitative approaches are employed. Both primary data and secondary
sources are used to collect the data. Primary data was collected using administered questionnaires
from 40 respondents and interview was made with higher officials and auditors. Secondary sources
were collected from different existing documents and books. Descriptive statistical tools such as
percentages, mean and standard deviations are used in analyzing the data collected. The descriptive
analysis shows all except top management support were found to have high influence on audit
performance of the organization. According to the study, it is confirmed that career and
advancement, professional competence, quality of audit work, and lack of enough top management
support, lack of periodic revision of the guideline, lack of independency of the auditors and
non compliance of auditors to some extent to the guideline were found to be the issues that are
disturbing effectiveness of audit activity in the study area. Furthermore, the correlation analysis
shows there is a positive and significant association among the factors affecting auditing and audit
performance of the organization. Finally, based on the findings some recommendations were
forwarded to the organizationThe main objective of the study was to examine the effect of internal
auditing on organization’s
performance of GOAL Ethiopia in Addis Ababa. Descriptive study design was used for this study.
Both qualitative and quantitative approaches are employed. Both primary data and secondary
sources are used to collect the data. Primary data was collected using administered questionnaires
from 40 respondents and interview was made with higher officials and auditors. Secondary sources
were collected from different existing documents and books. Descriptive statistical tools such as
percentages, mean and standard deviations are used in analyzing the data collected. The descriptive
analysis shows all except top management support were found to have high influence on audit
performance of the organization. According to the study, it is confirmed that career and
advancement, professional competence, quality of audit work, and lack of enough top management
support, lack of periodic revision of the guideline, lack of independency of the auditors and
non compliance of auditors to some extent to the guideline were found to be the issues that are
disturbing effectiveness of audit activity in the study area. Furthermore, the correlation analysis
shows there is a positive and significant association among the factors affecting auditing and audit
performance of the organization. Finally, based on the findings some recommendations were
forwarded to the organization
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Keywords
Performance, career, professional competence, quality of audit work, independency, management support