internal audit effectiveness

internal audit effectiveness

  • Submitted By: kenmuendo
  • Date Submitted: 05/02/2014 6:50 AM
  • Category: Business
  • Words: 7453
  • Page: 30

ABSTRACT
Internal audit has become an important and integral function of organizations in achieving their objectives and protecting their assets. Nonetheless, internal audit effectiveness has received scant attention in the literature, especially in the context of developing countries such as Kenya. Such settings offer the potential to enhance the understanding of internal audit practices where standards for such practices are not formally adopted and the rationale for establishment of internal audit tends to remain more coercive than normative. This study seeks to examine the determinants of the effectiveness of the internal audit function in Kenyan public enterprises (state-owned) and particularly in --- University by employing four broad qualitative factors considered to be important for effective internal audit, namely, organizational setting, internal audit quality, auditee attributes and management support within organizations. In order to attain the research objectives, this study will follow a qualitative research design. Data will be gathered through questionnaires with top management of the organizations and especially internal audit directors and financial controllers. The paper is structured as follows. The next section presents a review of the related literature by introducing a model for analyzing audit effectiveness. The third section presents the research methodology. The fourth section analyses the data gathered in the field work. The paper then summarizes the conclusions, noting limitations of the study and suggesting avenues for future research.
 
TABLE OF CONTENTS
 
 
LIST OF FIGURES
FIGURE 1: Conceptual framework
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ABBREVIATIONS
IIA   Institute of Internal Auditors
ISPPIA International Standards for Professional Practice of Internal Auditing
IA  Internal Audit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1.0 CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND TO THE STUDY
 
Manasseh (2006)...

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