Browsing by Author "Manu, David"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    The usefulness of Internal Audit Department to management of finances in the District Assemblies in Ghana (Bosomtwe District Assembly)
    (2008-09-11) Manu, David
    The ascendency of impropriety, embezzlement and frauds in most Public Institutions in recent times inspired me to undertake this study for the purpose of finding out exactly what the type of work Internal Audit Departments are doing to curtail these problems. This essay has then looked at how efficient and effective Internal Audit is conducted in MDAs/MMDAs. Issues like procedure, professional standards have been explained and dealt with extensively The study has uncovered the following facts in the activities of the Internal Auditing in MDAs/MMDAs; Internal Audit is a very good ingredient for management efficient performance, however, the Department is not fully independent and also there are some constraints (material, financial, cooperation etc) hindering the smooth functioning of the Internal Audit Department to achieve its full benefit. The study went further to show that Internal Audit and External Audit are not a duplication of each other. The facts enlisted above came into light as a result of questionnaires administered at Bosomtwe District Assembly. In conclusion, a call has been made to MDAs/MMDAs to instill some cooperation among themselves, recognize the existence of Internal Audit Department and to ensure effective record keeping practices to smoothen the operations of the Internal Audit Department. Also, a suggestion has been made to Educational Institutions to develop and expand the studies of Internal Auditing to help learners of Auditing to acquire the requisite knowledge in this endeavour.