Internal Audit Perception: The Case of Selected Federal organization in Addis Ababa
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Date
2022-03
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A.A.U
Abstract
Federal organizations are fully or partially financed by the government, so their budget must
be controlled and examined if they are used their budget effectively and efficiently. This is
done by internal auditors assigned by Ministry of Finance and Economic Development for
each federal organization. This research was tried to assess the perceptions of management
and staffs about an internal audit in federal organizations. This research used descriptive
research design, qualitative research approach and a questionnaire as data collection
method in order to achieve its objectives. In order to answer the research question, 100
relevant questionnaires were developed and distributed to selected participants in the survey
and 76 were received giving a response rate 76 %. The study population was management
and staff members of finance, human resource and procurement department of 124 federal
organizations. This study used random sampling technique to select federal organizations
and staff members in the purposively selected departments. The sample size of this study was
10 top management and 90 finance, human resource and procurement staffs in 10 selected
federal organizations. The study used primary data collected from well-structured
questionnaires and collected from each sampled organizations. The researcher analysed the
collected data using descriptive statistics and presented the data in terms of percentage,
mean, standard deviation, frequency distribution and tables. Based on the findings of this
study, the management and staffs agreed on the independency, competency, and objectivity of
an internal audit. The study recommended internal auditors must be independent, competent
and objective in order to be perceived positively by the management and staffs
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Keywords
internal audit function, perception, federal organization, independence, competency, objectivity