ASSESSING PRACTICE OF INFORMATION TECHNOLOGY AUDIT AND FRAUD DETECTION ON COMMERCIAL BANKS IN ETHIOPIA

Abstract

The main purpose of this study was to assess practice of information technology audit and fraud detection on commercial banks in Ethiopia. A descriptive type of research design was used and data were collected from all IT audit employees that are working in internal audit department of each banks. To achieve the objective of the study, questionnaire was used to gather data from IT auditors of various commercial banks in Ethiopia. The target population includes 64 IT audit personnel. The quantitative data were analyzed by employing appropriate techniques of descriptive statistics using SPSS software tool. The result of the study revealed that all commercial banks in Ethiopia had conduct IT audit. There were also faced different challenges. IT related frauds were existed on commercial banks in Ethiopia. The study recognized that there are common IT audit approaches used to detect IT related frauds. Based on the findings the commercial bank found in Ethiopia top-level management suggested to gives more emphases towards the IT audit process. In order to achieve their job in effective and efficient manner they support them, give attention consistently and reply the request as soon as possible and also the study suggested that an appropriate program was given for training and developing IT audit staff.