Dissertations (Masters)-A&F.-SOB

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Welcome to the Department of Accounting and Finance collection, dedicated to archiving and showcasing dissertations authored by esteemed members of our academic community, including both faculty and students in the School of Business (SoB).

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Subject: search.filters.subject.Internal Audit

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Now showing 1 - 4 of 4
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    Implementation of internal audit recommendations in the Local Government Authorities (LGAS): A case of Dar es salaam region
    (Mzumbe University, 2019) Katuli, Hamadi
    This study investigated the implementation of Internal Audit Recommendations in the Local Government Authorities (LGAs) in Dar es Salaam Region. The study employed survey design in which structured research questionnaire was involved. We applied drop and pick technique which resulted into 54 usable questionnaires. The researcher used Descriptive Statistics and Multiple Regression Analysis to examine the implementation of internal audit recommendations in the LGAs. The study found that, there is a satisfactory degree of Implementation of Internal Audit Recommendations. It was further found that, unclear IA Recommendations, shortage of qualified staff and inadequate management support hinders implementation of IA Recommendations in the selected LGAs in Dar es Salaam Region. The study also revealed that, factors which significantly influence implementation of IA recommendations are Involvement of Senior Management, Annual CPD hours, IA trainings, Size of IA Unit and Non-performance of non-audit activities. From the findings of the study it was concluded that, factors which influence implementation of IA Recommendations in the LGAs are Involvement of Senior Management, Annual CPD hours, IA trainings, Size of IA Unit and Non-performance of non-audit activities. Finally, the study recommends that, the rest of the LGAs should learn from the Dar es Salaam Region on how the Internal Audit Recommendations are implemented. In addition, further studies should be carried on in relation to Implementation of Internal Audit Recommendations not only in Dar es Salaam Region, but also in the rest of the LGAs. This could involve District Councils and not Municipal Councils.
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    The performance of internal audit in managing organisation risk: A case study of Azania Bank Limited (head office)
    (Mzumbe Universitry, 2013) Baltazari, Upendo
    The purpose of this study was to examine the functions/roles of internal audit in assisting management in managing risk in organizations/institutions. Azania Bank Ltd was taken as a case study. The objectives of the study was to Identifying the functions and scope of internal audit in the company, Identifying the risks that Azania Bank Ltd face and how it affects their performance Identifying the role of internal audit in assisting management in managing risk at the Azania Bank Ltd and Examining strengths and weaknesses of internal audit in assisting management in managing risk in Azania Bank Ltd for provision of better services to the customers as a way of improving its performance. The study uses case study design and 50 was the sample and sampling technique include stratified sampling in which respondent are arranged in groups, data collection tools include interview, questionnaire, documentary review and physical observation The main findings of the study was Internal Audit Units in the selected areas lack autonomy mainly attributable to inadequate funding, involvement of Internal Auditors in non- audit work, inadequacy of staff training, Audit programs are prepared according to the set standards issued inadequate management support, internal audit staffs adhere to the ethical standards, Staff awareness of risk and management response to recommendations of the Internal Auditors report is very minimal. Researchers Recommends that Audit should be risk based audit, Identified risk before it occurs, Provision of risk education, Frequency inspection, Strong internal controls, Auditor’s independence and to increase numbers of staffs
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    Assessment of the role of internal audit on performance of internal audit system (IAS) in risk management: A case study of Bank of Africa (BOA)
    (Mzumbe University, 2014) Kisiwa, Abdul
    The general objective of the study was to assess the performance of internal audit system in risk management by focusing at Bank of Africa (BOA) as a case study. Specifically, the study aimed to explore how BOA implements its Internal Audit System and Risk Management, examine the performance of Internal Audit System in risk management and identify challenges faced by BOA in implementing risk management. The methodology used to conduct this study was descriptive in nature and included the use of various data collection methods and tools such as questionnaires and interviews. The study used primary data collection methods such as; observation, interviews and questionnaires. The study also used secondary data collection methods such as documentation to collect data. From the findings of the study, the researcher concludes that the internal audit function at BOA is somehow effective in implementing risk managements although the exercise is faced by various challenges that hinder effectiveness of BOA in performing risk management. These challenges include; lack of awareness on risk management among respondents, poor planning and lack of adequate resources. From the conclusion; the researcher recommends that; BOA should improve the institutional setting and environment to provide an autonomous environment for smooth functions of Risk management. Also, BOA should take strategic measures to strengthen their audit department so as to make it more effective in mitigating financial risk and implementing risk management strategies. Lastly, BOA should employ more internal audit staff.
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    The effect of financial management systems on local government performance: The case of Namtumbo District council
    (Mzumbe University, 2013) Ndunguru, Nicholaus S.
    The financial management in the Local government can be improved by the development of an integral accrual accounting system to enable the preparation of accrual-based budgets, financial statements and performance reports to meet the needs of the various stakeholders. Traditionally the management of government expenditures has been focused on a system of expenditure control, which is based to ensure that budgetary authority granted by the legislature is not exceeded. The cash basis of accounting does not measure the resources consumed during the period under review, thus the true costs of government programmes and projects are not correctly measured, controlled or reported. In the absence of accurate cost information, performance measures of efficiency and cost-effectiveness cannot readily be determined. The establishment of International Public Sector Accounting Standards (IPSAS), these standards introduce the accrual basis of accounting and is a significant step towards transparent and accountable information. The study was specifically designed to achieve the following specific objectives:- i) To determine whether a budget system links with strategic outcomes ii) To determine whether a performance reporting framework is on cash basis or accruals basis? iii) To determine whether there is a sound internal control system in the council iv) Determine whether the internal Audit functions properly and does its work independently. Key findings of the study The financially successful and efficient Local Government is headed by competent management and makes use of effective budgetary control. Effective budgetary control is based on operating budgets that are closely linked with long-term strategic plans and desired outcomes. The operating budgets are then compared with actual results, on an accruals basis, in order to measure performance and efficiency. It is clear from the above that three basics exist for financial management performance measurement, namely: (i) committed and competent head of department; (ii) outcomes-based budgeting; and (iii) Accruals-based reporting. A Financial performance measurement framework that uses the balanced scorecard as a base are developed for Local governments and incorporates (i) the implementation of an outcomes-based budget; (ii) the use of an accruals-based cost/revenue allocation to measure the costs of the various outputs; and (iii) a performance statement. Committed and competent head of department is the first condition for financial performance measurement. The responsibilities and training needs of the Executive Authority and Head of department are clearly defined and the training needs of Local government officials are highlighted. Outcomes-based budgeting is the second condition for financial performance measurement. The Management in Local governments should take cognizance of the shortcomings of the current budgeting process and consider the implementation of activity-based budgeting. Reporting on an accruals basis is the third condition for financial performance reporting. Internal reporting in Local government departments should be revitalized and the activity-based costing should be implemented to facilitate accruals-based cost allocations to all the various activities and processes that are required for each output. Finally, the study recommends an audit committee and finance committee should basically discuss various issues concerned with council financial performance and financial statements of Local government departments.