The Role of Internal Audit in Ensuring Effective Financial Control in Ethiopia
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Date
2018-03
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Addis Ababa University
Abstract
Internal audit is important as an essential internal assurance mechanism in controlling procedures designed to protect assets and ensure that all financial transactions are recorded to prevent and reduce errors and fraud in budgetary Public sectors. This paper assesses the role of internal auditors in ensuring effective financial control Ethiopian budgetary sectors. The study employs a cross sectional survey to investigate the role of internal audit in ensuring effective financial control and descriptive statistic will be used to analyze the data from the survey. The methodology employed for data collection is primary source and secondary source. Primary source involves the questionnaires, in which 68 questionnaires will administered to the staff of Accounting and Internal audit department of 17 Ministries from a total of 25 Ministries. The data to be generated for the study will be interpreted using simple percentage and mean. The data from the secondary source is internal audit report and office of federal auditor general report that deal with internal audit from 2013-2016.
Description
A research project for the partial fulfillment of the requirement of accounting and auditing (MSC.) Submitted to the department of accounting and finance.
Keywords
Budgetary public sectors, Financial Control, Internal Auditors