Determinants of internal audit effectiveness in the public service of Ghana: evidence from Sunyani municipality
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Date
2021
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Publisher
knust
Abstract
This study was undertaken to investigate the determinants of internal Audit effectiveness in some selected Public Service Agencies in the Sunyani Municipality of Ghana. Specifically, the study focused on assessing the effect of internal audit competence on internal Audit effectiveness; the effect of management support for internal audit on internal Audit effectiveness; the effect of independence of internal audit on internal Audit effectiveness; the effect of the relationship between internal and external auditors on internal Audit effectiveness. This study adopted quantitative research approach. The target population of the study comprised of accountant, auditors and financial officers in the Sunyani Municipality of Ghana. Primary data has been used in the study, through administration of structured questionnaire to 85 respondents. SPSS version 20 was used to analyze the data. The study has revealed that internal audit staff competency and management support for internal audit had significant and positive effect on internal auditing effectiveness. However, the study has revealed that internal audit independence and internal audit and external audit relationship had insignificant and positive effect on internal auditing effectiveness. The study concludes that only internal audit competency and management support for internal audit were significant determinants of internal audit effectiveness.
Description
A thesis submitted to the department of accounting and finance,
College of humanities and social sciences
In partial fulfillment of the requirement for the degree of
Master of science in accounting and finance