Factors that determine the effectiveness of internal audit in managing public Funds: a case of Dodoma municipal council.
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Date
2013
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
The University of Dodoma
Abstract
The main objective of the study was to assess the factors that determine the
effectiveness of internal audit in managing public funds. The study was conducted in
Dodoma Municipal Council (DMC) using a case study approach. The study
attempted to combine all perspectives for evaluation of internal audit effectiveness in
the Municipal Councils.
The study involved 25 respondents from three occupations that were selected
purposively. The occupations were internal auditors, external auditors and non
auditor employees. 3 respondents were internal auditors selected from internal audit
department at DMC, 7 respondents were external auditors selected from the CAG
office and 15 respondents were non auditor employees selected from DMC. The
research involved collection of data and information using several approaches; these
included personal interview, group discussion, observation, and questionnaire
administration.
The findings show that internal audit highly contributes to the adaptation of
accountability in most LGAs and it helps to improve governance quality of an
organization. Research findings further show that the factors that influence the
effectiveness of internal audit in managing public funds are: internal audit quality,
management support, actions on internal audit report and auditee attributes. The
study recommends that the best strategies to promote effective internal audit are: to
increase the number of qualified staff to enable efficient regular review of records
and to implement policies and procedures necessary to prevent occurrence of losses
of public funds based on internal auditor‟s observations and recommendations.
Description
Dissertation (MA Business Administration)
Keywords
Dodoma Municipal Council, DMC, Public funds, Government funds, Public resources, Management, Audit, Internal audit, Managing public funds
Citation
Andrea, E. (2013). Factors that determine the effectiveness of internal audit in managing public Funds: a case of Dodoma municipal council. Dodoma: The University of Dodoma.