INTERNAL AUDIT EFFECTIVENESS: CASE STUDY OF EAST AFRICA BOTTLING S.C.

Abstract

The study aims to assess the internal audit effectiveness in case of East Africa Bottling S.C. Specifically, internal audit quality; independence of internal audit, competency of internal audit; management supports and risk management were assessed as attributes of internal audit effectiveness. Primary and secondary source of data were used in this study. Descriptive statistic was used to analyze results regarding the attributes of internal audit effectiveness. From these attributes of IAE there is poor communication of external and internal audit and inefficient employees in IAD was the finding from internal audit quality and Lack of evaluating key risks reporting from management and lack of providing assurance the risks are effectively managed and risk management processes are adequate is the finding from risk management attribute. IAD of the company require improving weakness which are related to internal audit quality and risk management activities of the department.