An examination of the relationship between internal control systems and internal audit in government agencies: A case study of some selected government agencies in the Brong Ahafo region
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Date
JULY, 2015.
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Abstract
The study investigates the impact of integrated internal control systems on internal audit processes in public sector institutions. In this regard, six inherent hypotheses were proposed by the use of a model represented by five independent variables (control environment, communication, risk assessment, control activities and monitoring) and one dependent variable (internal audit). Using stepwise regression approach to Ordinary Least Squares analysis, the findings revealed that the internal control mechanisms have significant positive influence on the internal auditing activities in the public sector institutions.
Also, some of the predictive variables were not significant when they were considered under the individual component of the internal control system but they were significant when they were considered as a whole. Thus, in order for public institutions to improve their internal audit processes, internal control processes must be revised and fully integrated to smoothing the activities of internal auditors in the public institutions.
Description
A thesis submitted to the department of Accounting and Finance, School of Business, Kwame Nkrumah University of Science and Technology, in partial fulfillment of the requirements for the degree of Master of Business Administration (Accounting) ,