Assessment of Internal Control Effectiveness in Selected Ethiopian Public Universities
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Date
2015-01
Authors
Lemi, Tsedal
Journal Title
Journal ISSN
Volume Title
Publisher
Addis Ababa University
Abstract
Internal control is the priority to detect assets misuse, ensuring efficiency of operations and
adherence to rules and regulation. Governments need an assurance whether the internal control
in their institutions is attaining these objectives. Audit reports of OFAG in recent years showed
unfavorable audit findings on usage of budgets and compliance to rules and regulations in most
public universities. Thus this study focused on assessment of the effectiveness of the internal
control system in the universities to identify the possible areas of deficiencies in the system. The
study used cross sectional survey through questionnaires to employees of the universities and
semi structured interview with OFAG directors. Data were analyzed using descriptive statistics
and inferential statistics using SPSS results. The result indicates that internal control in the
universities is not effective. Particularly the risk assessment component of internal control is not
practiced in the universities. Though monitoring is better in the universities, there is in adequate
control environment, control activities and inadequate flow of information and communication in
those universities.
Hence, it needs commitment from both universities management and responsible government
authorities to improve those specific areas of deficiencies’ in internal control indicated in the
final chapter of this study
Description
Keywords
Selected ethiopian, Control effectiveness