FACTORS AFFECTING INTERNAL AUDIT EFFECTIVENESS IN ETHIO TELECOM

Abstract

The study aims to analyze factors affecting internal audit effectiveness in Ethio Telecom. Specifically, internal audit quality, proficiency of internal auditors, independence of internal audit and management support have been investigated as independent variables of internal audit effectiveness. Primary source of data was used in this study. The target populations were internal auditors in Ethio Telecom. Census inquiry sampling techniques was used and the data collection method was structured questionnaire .Descriptive statistic was used to provide details regarding the demographic question and factors that affect internal audit effectiveness. To analyze the relationship between independent and dependent variables multiple regression analysis was used. The findings indicate that proficiency of internal auditors and internal audit quality has significant positive relationship with internal audit effectiveness. However, independence of internal audit and management support have statistically insignificant relationship with internal audit effectiveness. It is recommended that Ethio Telecom management should improve its internal audit effectiveness by developing knowledge, skill and other competencies of its internal auditors through training and certification