An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd
The purpose of this research was to assess the effectiveness of the internal audit function at Fabco Pvt Lt. The questioning of the necessity of internal audit by the major shareholder and recurrent increased stock write-offs without adequate explanations by management probed the researcher to carry...
Saved in:
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
2014
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/11408/500 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1779905278697799680 |
|---|---|
| author | Dhliwayo, Nyasha |
| author_facet | Dhliwayo, Nyasha |
| author_sort | Dhliwayo, Nyasha |
| collection | DSpace |
| description | The purpose of this research was to assess the effectiveness of the internal audit function at Fabco Pvt Lt. The questioning of the necessity of internal audit by the major shareholder and recurrent increased stock write-offs without adequate explanations by management probed the researcher to carry out the study. The study involved internal audit personnel, management and accounts staff. The study sample composed of three internal audit personnel, five managers and four accounts personnel. Research instruments considered for the purposes of this research are questionnaires which had 92% response rate and interviews which yielded 89% response rate. Data accumulated was analysed and presented through graphs, tables and pie charts and rational conclusions were drawn from this. Upon analysis of the accumulated data, the results of the study suggest that the audit policy is not formally documented and adequately disseminated to staff. It was also seen that there is no independent internal audit committee to review the work of internal auditors and that the entity in question does not engage calibre staff. The recommendations forwarded by the researcher are envisaged to lead to effectiveness of the internal audit function at Fabco Pvt Ltd. |
| id | ir-11408-500 |
| institution | My University |
| language | English |
| publishDate | 2014 |
| record_format | dspace |
| spelling | ir-11408-5002022-06-27T13:49:04Z An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd Dhliwayo, Nyasha Internal audit The purpose of this research was to assess the effectiveness of the internal audit function at Fabco Pvt Lt. The questioning of the necessity of internal audit by the major shareholder and recurrent increased stock write-offs without adequate explanations by management probed the researcher to carry out the study. The study involved internal audit personnel, management and accounts staff. The study sample composed of three internal audit personnel, five managers and four accounts personnel. Research instruments considered for the purposes of this research are questionnaires which had 92% response rate and interviews which yielded 89% response rate. Data accumulated was analysed and presented through graphs, tables and pie charts and rational conclusions were drawn from this. Upon analysis of the accumulated data, the results of the study suggest that the audit policy is not formally documented and adequately disseminated to staff. It was also seen that there is no independent internal audit committee to review the work of internal auditors and that the entity in question does not engage calibre staff. The recommendations forwarded by the researcher are envisaged to lead to effectiveness of the internal audit function at Fabco Pvt Ltd. 2014-11-13T13:55:18Z 2014-11-13T13:55:18Z 2013 http://hdl.handle.net/11408/500 en open |
| spellingShingle | Internal audit Dhliwayo, Nyasha An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd |
| title | An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd |
| title_full | An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd |
| title_fullStr | An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd |
| title_full_unstemmed | An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd |
| title_short | An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd |
| title_sort | assessment on the effectiveness of the internal audit function at fabco pvt ltd |
| topic | Internal audit |
| url | http://hdl.handle.net/11408/500 |
| work_keys_str_mv | AT dhliwayonyasha anassessmentontheeffectivenessoftheinternalauditfunctionatfabcopvtltd AT dhliwayonyasha assessmentontheeffectivenessoftheinternalauditfunctionatfabcopvtltd |