Role of Internal Audit in Organizational Goal Achievement: The case of Addis Ababa City Government Revenue Authority

Abstract

The study aimed at describing the role of internal auditors in Organizational Goal Achievement: The case of Addis Ababa City Government Revenue Authority. The study employed quantitative method and the research design was descriptive. The number of participants included was 46 as the study was survey related questionnaires were distributed to participants selected for the study. The methods used to analyze the data collected were using descriptive statistics, frequency and percentages. Results of the implied that the scope and functions Internal Audit, Internal audit as a mechanism of internal control and the existence of internal audit for risk assessment was found important for wise use of resources, proper application of established procedures which have a direct linkage to the organizational goal achievement. Its role made the revenue authority’s overall operational activities effective and efficient important for its goal achievement. Besides, it was recommendthat forexercising and application of audit techniques, implementation of appropriate retention mechanisms experienced internal auditors and adequate training on the techniques and roles of internal audit should better be provided.