The role of internal auditing in enhancing good corporate governance. The case study of Bindura City Council
- Author
- Chiduku, Chivaraidzo
- Title
-
The role of internal auditing in enhancing good corporate governance. The case study of Bindura City Council
- Abstract
- As a crucial internal assurance mechanism in public financial controls and a instrument for monitoring and analyzing financial management operations in government agencies, the internal audit function plays a crucial role. Additionally, it will help government organizations attain accountability and integrity, enhance the delivery of government services, increase stakeholder and community confidence, and address any danger of improper use of public funds. In order to improve effective corporate governance, the research aimed to investigate respondents' perceptions on the function of internal auditing using Bindura City Council as a case study. To investigate the evidence already in existence, theoretical insights were developed. The agency theory, stewardship theory, stakeholder theory, policeman theory, and lending credibility theory were all made use of in the research. For this research, a survey research design was chosen. Twenty employees of the Bindura local council made up the research's target population. The respondents that made up the sample for this study were chosen using a straightforward random and stratified sampling approach. In order to facilitate the collecting of sufficient information about internal audit and corporate governance practices, data collection was generally done via structured questionnaires. The Statistical Package for Social Sciences (SPSS) version 21 was used to analyze the survey data. Descriptive statistics, linear regression, and correlation were all used in the study of the data. The findings of the regression analysis demonstrate a substantial association between the kinds of audits carried out by the Bindura local authority and those undertaken in the past. According to the study's correlation analysis, corporate governance practices and the existing policies, processes, and system were significantly correlated with improving corporate governance concerns in the Bindura local government. The results demonstrated a significant relationship between internal auditing as well as corporate governanc
- Date
- 2023
- Publisher
- BUSE
- Keywords
- Financial management
- Internal auditing
- Supervisor
- N/A
- Item sets
- Department of Accountancy