Assessment of Internal Auditors’ Role in Procurement Compliance Risk Management:- The Case of Selected Budgetary Public Organizations
No Thumbnail Available
Date
2019-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Addis Ababa University
Abstract
The purpose of the study is to assess the role of internal auditors in procurement compliance risk management of selected budgetary public organizations. Accordingly competency, compliance, Independency, and Risk management has been taken as major parameters for comparison. To make the data reliable sufficient questionnaires were distributed for the target population. Questionnaires designed to measure the level of agreement of the respondents on the applicability of each parameter. Specifically, the study assess the independency of the Internal Auditors in performing their duties, examine the level of their involvement in procurement compliance risk management process, and assess the extent to which the management members act upon Internal Auditor’s findings and recommendations so as to perform the procurement compliance risk management task of the public organization. Data collected from both primary and secondary sources of information. Questionnaires, unstructured discussions with respondents and observations used as data collection instruments while desk research used to complement the primary data. The result point out internal auditors of public organizations under study have limited role in procurement compliance risk management and also failed to have proper practice in conducting procurement audit; the essential procurement compliance risk management tool.
Description
A Research Project submitted for the Partial fulfillment of the
Requirements of the Degree of Master of Science in Accounting and
Auditing to the department of Accounting and Finance
Keywords
Internal Auditors, Procurement Compliance, Risk Management