Assessment Of Internal Audit Practice Efficiency In Private Commercial Banks Of Ethiopia

Accounting And Finance (phd) Project Topics

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This research paper assesses Internal Audit practice efficiency in the case of 13 sampled private commercial banks. A purposive sampling method was used and data were collected using structured questionnaires with a total of 183 questionnaires were distributed to internal auditors of all Private commercial banks, and 160 (87.43% response rate) had collected. The data were run with SPSS version 20 and standard regression analyses were carried out to assess Internal Audit practice efficiency. In addition, the finding of this study is to show the direct relation effects of Competency of internal auditors, Independence of internal auditor activity, senior management support, the existence of an audit committee with the Assessment of Internal Audit practice efficiency in private commercial banks. According to the regression output, the Competency of internal auditors and senior management support significantly and positively. The remaining two variables; the independence of the internal auditor and the existence of the audit committee were positively related to the internal audit practice but their contribution to the IAP was statistically not significant. All of these four independent variables are making 88.10% of the contributions for the internal audit practice in private commercial Banks in Ethiopia. The researcher also recommends further research to be carried out on other factors that could contribute a value for internal audit practice of banking industry in Ethiopia.rnKeywords: Internal audit; internal audit function; corporate governance; commercial banks

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Assessment Of Internal Audit Practice Efficiency In Private Commercial Banks Of Ethiopia

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