The Audit Committee Characteristics and Performance of SACCOS in Tanzania

Hiluka, Joyce (2024) The Audit Committee Characteristics and Performance of SACCOS in Tanzania. Masters thesis, The Open University of Tanzania.

HTML - Submitted Version Download (4MB)

Abstract

This study investigated on the influence of the Audit Committee (AC) characteristics on the performance of SACCOS in Tanzania, using the case of six SACCOS in Mbeya City Council. Specifically, the study explored the educational background, level, independence, size, and working experience as attributes of the performance of SACCOS in Mbeya City Council. The study employed an exploratory research design as the study was qualitative. Fifteen (15) respondents were sampled and involved in the interview regarding primary data collection. The collected data were analysed through thematic data analysis. The findings revealed that members of AC with educational backgrounds in finance or accounting contributed to the organization's better performance. Secondly, the Audit Committee independent of the SACCOS promoted the profitability of SACCOS.Thirdly, well-experienced Audit Committee members resulted in the performance of SACCOS as they saved time in auditing various transactions and undertakings of the SACCOS they worked with. The study suggests that decision-makers should formulate the policies that prioritize the AC activities within the SACCOSAlso,the SACCOS should appoint the AC members with required qualifications. Keywords:Educational background, Audit Committee Size, Independence, Working experience, performance of SACCOS.

Actions (login required)

View Item