University Of Gondar

College of Business and Economics

Accounting and Finance Department
Post Graduation Program
Questionnaire for SACCOs Management Committee and Cooperative
Auditors
Dear respondent,

The researcher is a student undertaking a degree course in Master of Science in Finance and
Accounting in University of GONDAR carrying out a research on Auditing Practices and
The role of audit findings implementation on financial Performance of SACCOS in Gondar
Town, Ethiopia. The information you provide will be treat with confidentiality.
Thank you‼‼
Simegnew Mekonnen
Section A: General Information
1. Instruction: Please tick against your most appropriate answer and fill the spaces provided.
Gender Male [ ] Female [ ]
2. Highest qualification
Diploma [ ] Degree [ ] Post-graduate [ ] :

Part one: Cooperative Auditing Department Respondent

Section B: Cooperative Auditing Department Audit Planning Practices.

3. Does Cooperative Auditing Department conduct audit-planning practices?
Yes [ ] No [ ]
4. How often is audit planning practiced in Cooperative Auditing Department?
Very Often [ ] Often [ ] Sometimes [ ] Rarely [ ] Never [ ]

5. Rate the extent to which you agree with the following statements on audit planning practices in

your Cooperative Auditing Department.

Statements 5 4 3 2 1
Cooperative Auditing Department always identifies audit planning risks
Cooperative Auditing Department often allocates time to auditing for SACCOs.
Cooperative Auditing Department auditors do notify clients of auditing
Audit results of Cooperatives are open and easily accessible to everyone.
Do you apply the audit procedure according to cooperative proclamation no.
 Cooperative Auditing Department sets regulations for compliance before
embarking on auditing
Do you verify or cross check by-laws with the activities of cooperatives.

Section C: Documents accessibility

6. In saving and credit cooperatives, are you provided with all records for compiling audit
reports?
Yes [ ] No [ ]
If no, which areas that you do not access for verification when doing auditing?
……………………………………………………………………………………………
7. What is your level of agreement with the following statements that related to document

accessibility with Auditing Practices and The Role Audit Findings implementation on
Performance of Saccos in Gondar Town?
Statements 5 4 3 2 1
Cooperative auditors are considered as an advisor to SACCO's management on
matters related to internal controls and governance.
Cooperative Auditor identifies and evaluates the SACCO’s internal control
system as a basis for reporting upon its adequacy and effectiveness.
The lack of segregation of accounting and custodian functions hinders fraud
detection and reporting in saccos.
The accountants and control committees discharge their duties and
responsibilities properly during the time of audit.
There are operational manuals detailing instructions for accounting, recording
operations and preparation of financial statements and practice cooperative
guidelines.
Auditors attempt to obtain sufficient and reliable evidence to support recorded
figures in the financial statements of SACCOs.

Section D: The extent of auditing standards effects

To what extent does auditing standard affect the financial performance of Saccos in Gondar Town?

 Very great extent []

 Great extent []
 Moderate extent []
 Little extent []
 No extent []
7. What is your level of agreement with the following statements that relate to auditing standards
and financial performance of Saccos in Gondar Town?
 Statements 5 4 3 2 1
Do you apply the audit procedure according to cooperative proclamation?
Do you think cooperative accounting system applicable?
Performing auditing work according to auditing standards contributes significantly
influence the effectiveness of auditing
Standards for audits and audit-related services influence the performance of
Saccos.
Formal auditing standards recognize that auditors also provide services regarding
information other than financial reports.
Auditors are carrying out their role objectively and in compliance with accepted
criteria for professional practice.
Auditing practices evaluate and contribute to the improvement of risk management,
control and governance using a systematic and disciplined approach in Saccos.

PART 2: SACCO’S Management Committee Respondent

A. Name of your saving and credit cooperatives _________________________________________

B. Gender : Male [ ] Female [ ]

C. Education: Diploma [ ] Degree [ ] Post-graduate [ ] Other []

Section E: Role of Audit Findings Implementation on Sacco’s Financial Performance

Statements 5 4 3 2 1
Each audit findings are frequently implemented in my cooperative
society
Audit reports are officially announces during annual meeting of Cooperative.
Implementation of audit report increases the moral of the auditors and
SACCO’s financial performance
If audit reports were properly implemented, they can bring the expected
change on SACCO’s financial performance
The implementation of audit report on appropriate time has its own value
on SACCO’s financial performance.
Lack of audit findings implementation will enhance illegal action (error,
fraud and embezzlements) in SACCO’s
Proper follow up of audit findings implementation have helpful effect for
Sacco’s financial performance.
Section F: Financial performance

8. How would you rate the financial performance of your saving and credit
cooperative in the following areas?

Statements 5 4 3 2 1
My Saving and Credit Cooperative has registered impressive operational surplus
due to audited by CAD auditors.
Interests my SACCO has obtained from savings has improved after adopting
auditing
My Saving and Credit Cooperative has registered improved interests on loans due
to being audited.
Auditors have ability to provide competent suggestions for improving financial,
accounting practices.
Asset values of my SACCO have improved with being audited.