Impact of independence of internal audit on transparency
- Author
- Hillfan, Timotie
- Title
- Impact of independence of internal audit on transparency
- Abstract
-
The core objective of the research was to assess the contribution of internal audit to the achievement of PMO organizational goals using a case study of local PMO's in Zimbabwe: A case study of Delta Beverages Corporation Limited. The main problem that gave rise to and prompted the author to research in this area was the increased level of fraud, abuse of office duties and dishonest of workers, which was the chief reason for the stagnant growth of the organization, since these factors form the main basis of the activities of PMO. The research questions were answered using both a qualitative and quantitative research paradigm, which includes a descriptive study design. The data was collected using interviews and questionnaires. A target population of 30 people was used, and then a sample size of 25 participants was selected using a stratified random sample. The main research results have shown that the effectiveness of the internal audit contribution significantly contributes to improving the effectiveness of the organization in achieving the goals of the PMO. 59% of respondents agreed that the contribution of internal audit contributes to the efficiency of the organization, and 100% of respondents also agreed .These discoveries have confirmed that management support, organizational independence, staff competence, and sound management control enhance the effectiveness of the IAC. The additional contribution of internal audit to the organization's performance in DBCL has not been fully made, so this study provides organizations with valuable information on ways to improve the effectiveness of IAC so that they can achieve the organization's results. It also provides valuable information to other PMOS on how to ensure that the contribution of internal audit is used to ensure the long-term survival of their organizations. The study recommended that DBCL's internal audit service try to use benchmarking as a tool to assess how other internal audit services in their sector (PMO) are performing, and they adopt these best practices to improve their own performance as a way to achieve its goals.
- Date
- 2023
- Publisher
- BUSE
- Keywords
- Internal audit
- Supervisor
- N/A
- Item sets
- Department of Accountancy
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