| Abstract: | The main objective of this study was to assessing determinants of value-adding role of
internal audit effectiveness in the context of Ethiopian shipping & logistic enterprise. The
study employed a descriptive research design to address the research objectives. Primary
data were collected using questionnaire, while secondary data was gathered from
organizational policy documents, internal audit manuals and reports. Given the nature of
the data, both quantitative and qualitative data were used. For the quantitative data,
frequencies, means, and standard deviations were applied, while in-depth discussions and
expositions were used for the qualitative data. The study's findings suggested that the
internal audit function adds value to the enterprise by enabling it to achieve its
organizational goals. This role is facilitated by the presence of management support,
communication, independence, and objectivity of internal auditors, adequate and competent
internal audit staff, and the quality of the audit. In this manner, it was recommended that the
BOD and management of the enterprise give undue attention to the Internal Audit
Department, taking note of its importance in adding value to the enterprise and achieving
its organizational goals efficiently and effectively. |
