Factors Affecting Performance Audit Effectiveness: In Case of Office of Federal Auditor Aeneral of Ethiopia
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Date
2016-01
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Addis Ababa University
Abstract
This study investigates factors affecting performance audit effectiveness, the auditees’ duties and the public accounting committee contribution related to performance audit and its effectiveness by drawing the practice of Ethiopian Office of Auditor General. To this end, this study covered the period from 2009-2015. In light of this objective the study adopted quantitative method of research approaches to test a series research hypothesis. Specifically, the study used survey of questionnaire analysis of office of federal auditor general’ performance auditors, government ministry on which performance audit has been already conducted during the six years from 2009-2015 and House of peoples representative’s public accounting committees’ response. A census method was employed for all the three set of respondents. Data was then analyzed on quantitative basis using Pearson’s correlation, linear regression analysis and descriptive statistics. The findings of the study showed that there is statistical significance positive relationship between legal mandates, adequate &competent professional, post audit follow ups and performance audit effectiveness. Besides, the study found that there is strongly significant positive relationship among adequate and competent professionals, post audit follow up and performance audit effectiveness.
Description
A project paper submitted to the department of accounting and finance, college of business & economics, Addis Ababa University, in partial fulfillment of the requirement for MSC degree in accounting and auditing.
Keywords
Government ministry, Office of Auditor General, Performance Audit