Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
86Activity
0 of .
Results for:
No results containing your search query
P. 1
Internal Audit & Corporate Governance

Internal Audit & Corporate Governance

Ratings:

4.85

(13)
|Views: 32,586|Likes:
Published by zlkbelay@yahhoo.com
A Study on Effective ABSTRACT
Well performing internal audit function is one of the strongest means to monitor and promote
good governance system in an organization. As a result, in many countries it has received an
increasing attention as an important component of government financial management and as a
tool for improving the performance of the government sector. In connection to this, survey is
conducted on selected public enterprises in Ethiopia to assess and determine what current
practices and desired practices of the role of internal audit functions are and to identify the
gaps related to monitoring and promoting of good public sector governance system.
Findings reveal that, the existing IAF in the public sector has les satisfactory involvement to
asses the effectiveness of governance structure due to lack of resources, poor leadership for
IAF, absence of appropriate frame work to measure IAF performance and lack of competent
personnel.
However, to curb corruption and inefficiency in the public sector of Ethiopia by promoting
accountability and greater transparency about government programs and services, it is
mandatory to have brave IAF as part of modern management control system that in turn needs
IAF itself to have appropriate governance structure, mobilizing sufficient and appropriate
resource and competent personnel.

Zeleke Belay

Keywords: Internal audit function, good governance, public sector, cavil service reform
A Study on Effective ABSTRACT
Well performing internal audit function is one of the strongest means to monitor and promote
good governance system in an organization. As a result, in many countries it has received an
increasing attention as an important component of government financial management and as a
tool for improving the performance of the government sector. In connection to this, survey is
conducted on selected public enterprises in Ethiopia to assess and determine what current
practices and desired practices of the role of internal audit functions are and to identify the
gaps related to monitoring and promoting of good public sector governance system.
Findings reveal that, the existing IAF in the public sector has les satisfactory involvement to
asses the effectiveness of governance structure due to lack of resources, poor leadership for
IAF, absence of appropriate frame work to measure IAF performance and lack of competent
personnel.
However, to curb corruption and inefficiency in the public sector of Ethiopia by promoting
accountability and greater transparency about government programs and services, it is
mandatory to have brave IAF as part of modern management control system that in turn needs
IAF itself to have appropriate governance structure, mobilizing sufficient and appropriate
resource and competent personnel.

Zeleke Belay

Keywords: Internal audit function, good governance, public sector, cavil service reform

More info:

Published by: zlkbelay@yahhoo.com on Mar 01, 2008
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

06/13/2013

pdf

text

original

 
A Study on Effective Implementation of InternalAudit Function to Promote Good Governance in thePublic Sector
Zeleke Belay
(BA, BSc, ACCA, MSc,)
 
Lecturer at College of Telecommunication and Information TechnologyDepartment of Telecommunication Management
Email:
 
zelekebly@yahoo.com 
 Mobile:
 
251 9 11 66 98 61
Office :
251 11 416 99 00
P.o Box
:
 
1413, Code 1110
 
Addis Ababa
Presented to the
“The Achievements, Challenges, and Prospects of the Civil Service Reform Program Implementation in Ethiopia” 
conference
Ethiopian Civil Service College Research, Publication &Consultancy Coordination Office
 
 April 2007 
 
ii
ABSTRACT
Well performing internal audit function is one of the strongest means to monitor and promotegood governance system in an organization. As a result, in many countries it has received anincreasing attention as an important component of government financial management and as atool for improving the performance of the government sector. In connection to this, survey isconducted on selected public enterprises in Ethiopia to assess and determine what currentpractices and desired practices of the role of internal audit functions are and to identify thegaps related to monitoring and promoting of good public sector governance system.Findings reveal that, the existing IAF in the public sector has les satisfactory involvement toasses the effectiveness of governance structure due to lack of resources, poor leadership forIAF, absence of appropriate frame work to measure IAF performance and lack of competentpersonnel.However, to curb corruption and inefficiency in the public sector of Ethiopia by promotingaccountability and greater transparency about government programs and services, it ismandatory to have brave IAF as part of modern management control system that in turn needsIAF itself to have appropriate governance structure, mobilizing sufficient and appropriateresource and competent personnel.
 Keywords:
 
 Internal audit function, good governance, public sector, cavil service reform
 
iii
ABBREVIATIONS AND ACRONYMS
CBE Commercial Bank of EthiopiaCTIT College of Telecommunication & ITEAL Ethiopian Air LineEIC Ethiopian Insurance CorporationETC Ethiopian Telecommunication corporationIAF Internal Audit FunctionIIA Institute of Internal auditCPD Continuous Professional DevelopmentCAE Chief Audit ExecutiveCSRP Cavil Service Reform programFDRE Federal Democratic Republic of EthiopiaOECD Organization for Economic Cooperation and DevelopmentWTO World Trade Organization

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->