Project Audit Practices and its Challenges in Addis Ababa Construction Bureau
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Date
2019-06
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Addis Ababa University
Abstract
Project audit is important as an essential internal assurance mechanism in controlling fraud in budgetary public construction sectors. The purpose of this study is to investigate Project audit Practices and it‟s Challenges in Addis Ababa Construction Bureau. To assess the Practices and it‟s Challenges: Experience of project auditors, Independence, Training, of project auditor. The study was conducted based on the data gathered from the project auditors, Directorate of constructions team leaders, CEO, contractors‟ consultants and managers sub cities construction head offices, head of the selected Addis Ababa city construction public sector offices. To that effect extensive survey of theoretical and empirical literature is made to support the paper with applicable and worth full ideas. Primary data is also being collected from the study area used close ended questionnaires, interviews and secondary data by referring to documents and reports of the bureau. The study was conducted based on explanatory study design .The study adopted both qualitative and quantitative research methods. The study used purposive sampling method and censes covered the offices of selected workers and public sectors. Thus the study is argue that the ineffectiveness and inefficiency in the practice of project audit in the Construction Bureau of Addis Ababa is due to the problem in its independency to report its finding to an appropriate body, mismatch between the works and its staffs, inadequate training of audit experts in the issue of project audit and lack of adequate attention and support from the bureau management. Thus, project audit as an important department confronts a serious challenge to reach as a tool for creation of good governance by exposing fraud practice in the area as well as identifying control deficiencies. Hence, the study would suggest the need of establishing accountability and giving a necessary support to the project audit both from the bureau and the City Government of Addis Ababa.
Description
A Research paper Submitted to Department of Accounting and Finance Addis Ababa University in Partial Fulfillment of the Requirements for Degree of Master of Science in Accounting & Auditing
Keywords
Determinants of project Audit Effectiveness, Internal Control Effectiveness, Project Audit