An evaluation of audit report and recommendations of Wenchi Municipal Assembly

Thumbnail Image
July, 2015
Journal Title
Journal ISSN
Volume Title
This study examines the pattern of Audit Reports Issues of WMA for the period 2009-2013. The descriptive method of research was employed for the study. A qualitative approach that includes examination or review of management letters, interviews and observations were used to collect data. A non probability sampling technique was used to select respondents. A sample size of ten (10) Key management staff of both the WMA and the Wenchi District Audit office were interviewed. The study revealed that the IGF report out of nineteen (19) issues, fifteen (15) issues repeated itself for two or more times(years) and from the DACF report out of twenty six(26) issues eleven(11) issues also recurred two or more times(years) over the five (5) year period 2009-2013. The findings also revealed Audit Reports Implementations Committee is faced with a lot of challenges ranging from inadequate funding, problematic composition, inadequate technical persons in the committee, and lack of external representative. The research concluded that Audit recommendations are not taken serious by WMA that’s why they do recur all the time. Audit report and recommendation do not really have any serious effect on WMA because the officers involved are not punished severely. The study also recommended that Political head and affiliate in WMA should work with due diligence and desist from making expenditures outside the Budget of WMA
A thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirement for the degree of Master of Business Administration (Accounting Option),