Assessing audit practices at kwabre east municipal assembly

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This study sought to examine the audit practices at kwabre east municipal assembly in ghana. Specifically, areas to examine include the extent of implementation of audit report recommendations, nature of audit queries from 2015 - 2019, and challenges faced by the assembly (kema) and its audit practices. The study adopted mixed method descriptive research design. Qualitative and quantitative research data were gathered using questionnaires and interviews. A single case study approach was used by applying purposive sampling technique in selecting nine (9) respondents. Data analysis tools like excel and sppss data analysis were used for the questionnaires’ analysis. The study found that lack of auditors’ rotation among internal and external auditors within the five (5) year period which had resulted in familiarity of auditors with management, insufficient time devoted by audit committee members towards their affairs and couples of challenges needed to be considered in improving audit practices at the assembly (kema). Therefore, the study suggested that auditors (internal and external) should be rotated randomly by the human resource department at least within every five (5) years to minimize the extent of familiarity threats faced by auditors during the conduct of their audit. Other recommendations were made by the researcher to help address all the other challenges.
A thesis submitted to the department of accounting and finance, in partial fulfilment of the requirement for the degree of Master of science in accounting and finance School of business, kunst