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Subject: search.filters.subject.Internal audit

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Now showing 1 - 8 of 8
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    Internal audit and corporate governance in local government in Tanzania: A case of Mwanza city counci
    (Mzumbe University, 2013) Njunwa, Florian
    A considerable number of items were covered by this study on the analysis of factors contributing to ineffectiveness of internal audit function in promoting good corporate governance in Public Sectors in Tanzania. The study employed a case study technique, where Mwanza City Council and few Staff and Councils were selected as sample size to provide information to this study a total of 136 (30%) of respondents out of 453 were drawn also all 17 councilors were drawn randomly . Both primary and secondary information were used in this study. Primary data through questionnaires was analyzed using Micro Soft Excel frequency tables. The results were presented using histograms, pie charts and tables. The major argument was that, efficient functioning of internal audit require among other things independence of auditors and internal audit function; proficiency of internal auditors; high ethical behavior of auditors and good coordination of internal audit functions. Ethical values are fundamental for the internal auditors because of two important reasons. However, Tanzanian public sector faces a perception and, to some extent, a credibility problem as a value adding unit of the organization. The results from the analysis of all respondents’ responses revealed that factors plays a major role on contributing to ineffectiveness of internal audit function in promoting good corporate governance in Public Sectors in Tanzania. Thus, according to the conceptual model of this study, these factors are independent variables and dependant variable. The study concluded that ineffectiveness of internal audit function in promoting good corporate governance in Public Sectors in Tanzania have influential factors. Recommendation was made to the Local Government Authorities and Central Government to take a leading role in the design and formulation of policy and standards and monitoring practices respectively. Also auditors to play their role of willingly improve their skills for the betterment of themselves and public at large.
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    Contribution of internal audit in procurement of goods and services at the President’s Office (PO), Constitution, legal affairs, public service and good governance-Zanzibar
    (Mzumbe University, 2018) Kheir, Abdalla
    Procurement is very essential, sensitive and has become major concern of unit in various aspects of the public entities in Zanzibar (Public Procurement Act, 2016). The study intended to assess the contribution of internal audit in procurement of goods and services in public entities. Specifically, the study aimed at addressing three objectives namely: To assess the extent to which internal audit evaluate the effectiveness of internal controls in procurement process; to assess the extent to which internal audit evaluate policies and procedures of the procurement management unit and; to assess the effectiveness of internal audit in risk assessment and management in procurement management unit. Data were collected from both primary and secondary sources. The study used Questionnaires, interviews, and observations as a data collection instruments. Documentary reviews were used to complement the primary data. The data were analyzed through the statistical package for social science (SPSS). The study used descriptive or qualitative research methodology, employing a case study research design. A sample size of 91 respondents was selected from internal audit unit, procurement unit, and tender board members. Officers in charge from other departments of the Ministry of States, President’s Office, Constitution, Legal Affairs, Public Services and Good Governance were also involved. The study found out that the effectiveness of internal audit in Internal control of procurement process at President’s Office, Constitution, Legal Affairs, Public Service and Good Governance is effective and adequate by 74% of its average to present errors and irregularities. The extent to which internal audit evaluate policies and procedures as clear indicated by 56% of its average, provides clear guidance toward the Procurement Unit. The study also found that the effectiveness of internal audit in risk assessment and management in procurement management unit is also adequate by 65% of its average. The study recommends for the adherence of the policy and procedure and proper implementation of internal control system.
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    The role of internal audit in improving the performance of local government authorities: The case of Morogoro Municipal council
    (Mzumbe University, 2013) Masui, Denis S.
    Local Governments in Tanzania have been featured with gross financial mismanagement to the extent that the government had decides to institute periodical restricting and reform programmers. In the existence of integrity, effectiveness and efficiency in utilization of resources, the council can easily obtain unqualified audit opinion from CAG. Failure to obtain unqualified audit reports may take the council into – access to LGCDG and therefore gives a negative impact to the authority in terms of service provision. It was that reason therefore, that prompted to carry about a study to assess whether local authorities effectively implement financial management systems by conducting a study at Morogoro Municipal Council. The research methods employed were: - questionnaires observation, and interviews. The researcher employed simple selection techniques. A sample of 45 respondents was selected from a total population of units of inquiry. The study findings reveled that; still there some weakness in terms of enforcing procedures and principles guiding the authorization and access of organization’s assets and documents. Also the study found an increasing rate of improperly vouched expenditure year after year and improper approvals, improper documentation and attachment. The study also found existence of over expenditure on some common items like fuels and allowances, caused by insistence of a reliable computerized system for budgeting and accounting activities. On the part of the functioning of the internal audit unit, the findings revealed a weakness on reporting channel. The study finally found that, the financial management systems in local government Authorities are slightly effective, so for improvement, the study recommends:- the immediate computerization of the accounting and budgeting systems, that performance. Finally; the council internal auditor should report direct to councilors and to ministry responsible. The researcher really hopes that the output of this research study shall be of practical use to other individual scholars, Institutions of higher learning and Local Government Authorities of Tanzania.
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    Assessment of the of effectiveness of internal audit on local government authorities in Tanzania: Case of Mufindi District Council
    (Mzumbe University, 2015) Anthony, Erick
    The study was about assessing the effectiveness of Internal Audit on Local Government Authorities in Tanzania, a case of Mufindi District Council. The major objective of the study was to assess the effectiveness of Internal Audit in Local Government Authorities performance. The specific objectives were; to assess the effectiveness level of Internal Audit of MDC, to examine the relationship between Effectiveness of Internal Audits and Financial Performance of MDC and to examine the factors that affect Effectiveness of Internal Audits of MDC. The study used correlational study in order to understand the important variable influenced effectiveness of Internal Audit at MDC. Mufindi district council was chosen by researcher to represent the case. In carrying out such study, the following independent variables; professional proficiency of Internal Audits, organizational independence, quality of audit work, and top management support were used to assess how it influence effectiveness of Internal Audit at MDC. The study was carried out in two stages, at a first stage the relationship between dependent variable (effectiveness of Internal Audit) and independent variables (professional proficiency of Internal Audits, organizational independence, and quality of audit work, and top management support) was assessed and at second stage effectiveness of Internal Audit was assessed to find out if they influence on one aspect of financial performance of MDC. Purposive sampling method was used during the process of data collection, on which 82 respondents were selected. In carrying out a purposive sampling technique the study used judgment sampling design which is one of types of purposive sampling technique. Data collected came from both Primary sources and Secondary sources. Data collection tools used was Documentary review and Questionnaire. Both multiple regression analysis and correlational analysis were used to analyse data. The findings show that; viii During the assessment of effectiveness level of Internal Audit at MDC, the findings indicate that there was inter-correlation between independent variables (Top Management Support, Quality of Audit Work, Professional Proficiency, and Organisational Independence) and dependent variables (Effectiveness of Internal Audits) at MDC. With other variables held constant, Effectiveness of Internal Audits positively related to Top Management Support, quality of Audit Work, and Professional Proficiency, but negatively related to Organisational Independence. In assessing the relationship between effectiveness of Internal Audit and performance of MDC, the finding indicated that, effectiveness of Internal Audit of MDC influence the financial performance of MDC. This means that the financial performances of MDC depending on other factors include effectiveness of Internal Audit. The study concludes that despite the fact that the independent variables used to assess the effectiveness of Internal Audit show a highly correlated to effectiveness of Internal Audit the Internal Audit at MDC is on average effective. This is because the unit is understaffing and not being fully independent. It is recommended that, first Top management should increase both monetary and non monetary support to Internal Audit in order for them to handle their activities. Second Internal Audit staff should improve the quality of audit work in order for them to add value to their organisations. Third, Ministry responsible for LGAs and IAG should make sure that the level of independence of Internal Audit staff been improved. Forth Ministry responsible for LGAs and IAG should increase the Internal Audit budget in order for them to complete their activities as planned
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    The evaluation of factors that contribute to the effectiveness of internal audit in public sectors in Tanzania: A case of Morogoro District council
    (Mzumbe University, 2015) Bunango, Gerald S.
    The issues of globalization, transparency, integrity and improvement of government service delivery increase the need for governance and accountability. Consequently, this phenomenon leads the interest to internal audit function in organizations. This study is aimed at assessing the factors that contribute to the effectiveness of internal audit in public sectors in Tanzania. Data were collected from Morogoro District council, by using different methods including questionnaire, interviews and documentary. The data were presented and analysed with the assistance of SPSS 16 and exel where by tables, graphs and regression analysis were used. The findings reviled that the internal audit in Morogoro District council is ineffective (not working properly) which leads to poor management decision making and misuses of public funds. This conclusion has been arrived by considering all the three specific objectives, were for specific objective one, which wanted to assess the independence and objectivity of internal audit in public sectors, whereby the integrity being part of it. The findings shows that in MDC there is no high integrity which has been reviled by comparing the internal audit reports with external audit reports, management recommendation and the community view. The second objective which was meant to assess the audit competence in public sectors, it is reviled that there is little competence of internal audit in MDC which limit the effectiveness of internal audit in public sectors. The team work problem has also contributed to incompetence’s of the audit. The third objective was assessing the management support and value to the internal audit in public sectors, and the findings has justified that there is a little support of the management to the internal audit that provides a great challenge to the auditors. The researcher concluded that the whole government at large need to ensure that they continuously review these Internal Control Systems so as to ensure that they are operational toward the achievement of the desired goal on every public fund.
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    Effectiveness of internal audit roles in promoting good governance in local government authorities: A case study of Mtwara District council
    (Mzumbe, 2013) Nalinga, Salima
    The aim of this study was to find out the effectiveness of roles played by the internal auditors in promoting good governance in Local Government Authorities in Tanzania due to the fact that there has been an evolution in internal auditing. The objective of the study was to determine the effectiveness of internal audit roles in MDC; relate the roles played by internal audit with promotion of good governance in MDC; identify the strength and weakness in the roles of internal audit in promoting good governance, to examine the extent to which the council’s management acts upon Internal Auditor’s recommendations in the MDC.Literature was reviewed in connection to the topic. Data was collected using interviews and administration of questionnaires in Mtwara District Council from where 40 employees were given questionnaires. A sample of 40 respondents was selected from various departments to represent MDC as a whole. Data was analyzed using statistical package for social scientist (SPSS). From the study, the researcher found out that, most of the employee at MDC has no knowledge on the roles played by internal auditors. Also, most of employees at MDC do not see the relevance of the internal audit activities in the MDC. The researcher also found out from the respondents that the internal audit unit in MDC is not well qualified professionals, motivated and also not well resourced so that internal auditors may help director reach their objectives. The conclusion drawn was that the internal auditors find it difficult to perform their specific responsibilities of preventing, and detecting fraud, errors, irregularities, misappropriation and misuse of public resources. This is because they do not have the needed logistics to enable them carry out their statutory duties. The staff is not well motivated in terms of remuneration, offices and regional accommodation. This affects their morale and does not motivate them to give off their best. The researcher therefore recommends that, public organizations are to be provided with qualified professionals, motivate them by way of higher incentives, training and so forth and government should provide them with necessary resources such as offices, computers and software.
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    The performance of internal audit in managing organization risk : A case study of Azania bank limited (Head Office)
    (Mzumbe University, 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 includes stratified sampling in which respondents are arranged in groups, data collection tools include interviews, questionnaires, 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 Recommend that Audit should be risk based audit, Identify risk before it occurs, Provision of risk education, Frequency inspection, Strong internal controls, Auditor’s independence and to increase number of staff.
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    Impact of internal controls on execution of payroll system : A case study of Ministry of Finance and Economic Affairs – Zanzibar (MoFEA)
    (Mzumbe University, 2013) Ahmada, Ridhwan I.
    Many of the organizations’ activities are not attained due to poor or ineffective of internal controls system; with proper internal controls however guarantee the efficiency of a particular system (activities). Therefore, this study aimed at assessing the impact of internal controls on execution of payroll system to the Ministry of finance and economics affairs Zanzibar (MoFEA). The research methodology used case study research approach. A sample size of 60 respondents who comprised of MoFEA’s employees and other staffs working with the government of Zanzibar was involved. The methods of data collection involved both primary and secondary sources. Primary data were collected by using questionnaires and interview guide whereas documentary review was used in secondary method. The Statistical Package for Social Sciences (SPSS) software, and simple calculations by calculator were used to analyze the data where simple frequencies and percentages were created. The study findings observed that, internal controls were available on the payroll system of the organization; these were 78.3% of the respondents. Specifically 83.3% said that pay slips are issued, 65% segregation of duties is available, 95% block of salaries is exercised and 80% government payroll review is too exercised. Also the study revealed that some payroll activities were good enough for the efficiency of payroll system. In addition to that, it was found that there was compliance of internal controls in relation to the payroll system through punishments and having responsible parties to monitor the compliance. The study however portrayed that, almost 31.7% of the total respondents said that there were some weaknesses in relation to internal controls over payroll system. Following these results the researcher therefore calls for the Ministry to analyze and take the corrective measures with those weaknesses of internal controls over payroll system. The ministry also should pay salaries based on time (attendance) as this will discourage employees being absent from their work, independent check by the auditor and governments’ payroll review should be carried on in a scheduled manner. i.e. at a regular interval.