Abstract:
The purpose of the study is to examine the effect of internal audit on organizational
performance. The objectives of the study are as follows; To investigate the effect of
internal audit quality on performance, to examine the contribution of the internal audit
function to Organizational performance, and to assess the contribution of qualified
and professional auditor’s effect on organizational performance. The research adopted
census techniques. A population size of 60 was selected from the various departments
(Accounts and Internal Audit). All of the 60 questionnaires that were distributed have
been successfully answered, indicating a high level of engagement and cooperation
from the participants. Instrument used for the study was a questionnaire. The study
revealed that, the correlation coefficient between Assemblies’ performance and
internal audit quality is 0.97. The positive correlation suggests that there is a strong
relationship between the quality of the internal audit and the Assemblies’
performance. The findings of the study also revealed that, the coefficient for qualified
and professional auditors is 0.103 with a standard error of 0.125 Qualified and
Professional Auditors does not have a statistically significant relationship with the
dependent variable, as evidenced by its higher p-value of 0. 412. Based on these
findings, it is recommended that adequate resources should be allocated to the internal
audit department to ensure its effectiveness. MMDAs should encourage collaboration
between the internal audit department and other functional areas to maximize the
impact of the internal audit function.
Description:
A dissertation presented to the Department of Accounting, School of Business
University of Education, Winneba, in partial fulfilment of the requirements for
the award of Master of Business Administration Degree
in Accounting
NOVEMBER, 2023