Management Audit In The National Bank Of Ethiopia Challenges And Prospects

This research attempted to look into the current management audit practicernof the National Bank of Ethiopia to assess its organization and performancernthereby find out major challenges and prospects of management audit inrnlight of recent developments and best practices in the field In the project,rnprimary data was collected using a survey of two target groups. Secondaryrndata was also collected from two local best management audit practicingrninstitutions. It was explored that inappropriate reporting relationship,rnabsence of approved internal audit charter, lack of training, staffrncomposition, absence of bank-wide risk management body and inadequaternposition classification and salary structure were the major problems tornexecute management audit in the NBE. On the contrary, the transformationrnhas brought many benefits including providing objective assurance onrnwhether resources are used optimally and operations are performed inrnefficient, effective and economical manner; and has contributed its part tornI Irnimprove overall institutional performance of the bank by measuring actual/,rnI ' ( ,rnperformances of plans against strategic goals and objectives.

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