DETERMINANTS OF INTERNAL AUDITING EFFECTIVENESS IN SELECTED A PUBLIC UNIVERSTIES IN ETHIOPIA

Abstract

This study examines the determinants of internal audit effectiveness in public universities in Addis Ababa. The study sample was made of the internal auditors and finance manager, department manager from the public universities as sample of 79 was drawn on which 73 was used for the study. The data was collected by using questionnaire. The data analysis involved frequencies, percentages, and SPSS analysis in terms of measurement of mean, standard deviation, correlation, regression and analyzed using explanatory research design method. The result of the study shows that, the public university show that, the universities have annual audit plan and the area of audit is important to the universities. The internal auditors are well experienced and adopted the universities audit system. In addition to this the internal auditors of the institutions are qualified on the education and capable to the internal audit. On the opposite, the institutions internal audit practice doesn’t finish the task timely and according to the given planned time for their audit. The conclusion shows that, Although, the universities have well experienced, qualified on the education and capable to the internal audit and they take professional development activities on the audit area, the they are not enough to perform their duties and the work and the number of auditors doesn’t match. The researcher recommended that, the management should increase the number of certified internal auditors by funding the certification fees and by facilitating the way for certification. And also, the researcher recommended that, the procedures and processes of the public universities needs to be reviewed to check any obstacle. The last recommendation is the internal auditors should maintain good reporting structure by creating the way to reporting to the concerned body.