Assessing the role and effectiveness of ghana audit service in the lower-manya krobo municipality

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There has been coherent and growing concern with regards to efficient and transparent use of public resources by public entities. To fight corruption in the public sector and ensure value for money for the resources appropriated to covered entities, the government has established several anti-corruption agencies, and key among them is the Ghana Audit Service (GAS). To help control corruption, the GAS and other relevant agencies must become effective in their operations. This research therefore sought to assess the role and effectiveness of the GAS in the Lower-Manya Krobo Municipality. Data was collected via questionnaires from 87 respondents and analysed using an Implementation Index (II), binary logistic regression, and Kendall’s W test. For the level of implementation of audit recommendations, an overall II of 0.4755 was obtained for the 4-year period 2018 to 2020. The regression results revealed that aside Monitoring, all the other elements in the internal control system of the organisation were present and effective. Low staff strength and constant change in accounting standards were identified as the major challenges affecting the work of audit staff in the municipality. It is recommended that management of the Lower Manya Krobo District Assembly ought to ensure that audit recommendations are thoroughly implemented and monitoring activities within the organisation in improved. Management of the Ghana Audit Service are also advised to conduct regular training programmes to keep staff updated on the accounting and auditing developments needed do their work effectively. It is also recommended that staff strength is augmented with new hires to ensure that the work of the service can be done effectively and efficiently.
Dissertation submitted to the Department of Accounting and Finance, of the School of Business, Kwame Nkrumah University of Science and Technology, in partial fulfilment of the requirements for the award of the Master of Business Administration Degree (Finance Option)