SELECT BUSINESS AND TECNOLOGY COLLEGE

DEPARTEMENT OF ACCOUNTING AND FINANCE

ASSESMENT OF INTERNAL
AUDITING PRACTICE
A Researcher paper summited for the partial
fulfillment of the requirement for the bachelor of
art degree in accounting and finance

BY:-Elroi Zewdu

Bisrat Kebede

Kalkidan Ayele

Kidist Abera

Semira Tigistu

Advisor Waganeh Wasse

Addis Abeba, Ethiopia 2021

TABLE OF CONTENTS

Content Page
CHAPTER ONE
1. Introduction ………………………………………………………………………………………………..………1
1.1 Background of the Study ....................................................................................................................1
1.2 Background of the Organization .....................................................................................................2
1.3 Statement of the Problem...................................................................................................................3
1.4 Objectives the Study …….....................................................................................................................4
1.4.1 General Objective ……………………………………………………………………………………4
1.4.2 Specific Objectives …………………………………………………………………………………..4
1.5 Significance of the Study .....................................................................................................................5
1.6 Scope of the Study ..................................................................................................................................5
1.7 Limitation of the Study …………………………………………………………………………………….6
1.8 Organization of the paper……………………………………………………………………………….…6
CHAPTER TWO
2. Literature Review ………………………………..…………………….………………………………………..7
2.1 Define audit……………………………………………………………………………………………………..7
2.2 Type of audit……………………………………………………………………………………………………7
2.3 define internal audit…………………………………………………………………………………………8
2.4 scope of internal audit………………………………………………………………………………………8
2.4 general function of internal audit…………………………………………………………………… ...8
2.4.1 audit plan………………………………………………………………………………………………….8
2.4.2 audit procedure…………………………………………………………………………………………8
2.5 benefit of internal auditing………………………………………………………………………………..9
2.6 internal auditors……………………………………………………………………………………………….9
CHAPTER THREE
3. Research methodology and Design ………………………………………………………………………10
3.1 Area of the Study……………………..……………………………………………………………….…….10
3.2 The Research design … .………………………………………………………………………….…........10
3.3 Data type and source……… …………………………………………………………………….……10
3.4 Method of Data collection…………………………………………………………………….……..11
3.5 Sample Size and Sampling Technique….…………………….……………………….………...11
3.6 Data Analysis and Presentation ……………………………………………………….…………..11
Time and budget schedule………….…………………………………………………….…………...12
Reference ………………………………………………..…………………………………….……………13
Appendix …………………………………………………..……….……………………….……………….14