Efficiency and Effectiveness of Risk based Internal Audit Engagement: A case of Dodoma City Council.

Justice, Justa Alinda (2023) Efficiency and Effectiveness of Risk based Internal Audit Engagement: A case of Dodoma City Council. Masters thesis, The Open University of Tanzania.

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Abstract

The need to manage risks has come to be recognized as an essential part of good corporate governance practice and engagement towards organizational performance globally. This study assessed the efficiency and effectiveness of risk based internal audit engagement with reference to Dodoma city council. Specifically, it examined the operational audit; assessed the performance audit and examined the information system audit efficiency and effectiveness at Dodoma city council. Cross-sectional design with mixed approach was employed. A sample of 70 respondents was selected and administered with questionnaires and in-depth interviews. Quantitative data was analysed descriptively and aided with regression analysis. Qualitative data was analysed through content analysis. The findings revealed that operational audit engagement improved the performance of Dodoma city council based on its processes and procedures. Further, performance auditing engagement resulted into analysing performance data, measures and self-assessment systems that identified right measures and enabled continuous improvements. Information system audit engagement was used as a specialised task performed by LGAs that utilize IT and systems, formalized and performed to enhance the determination of exposure and assessment of risks through enabling IT and segregation of duties among personnel. The study concludes that in-service training to LGAs personnel for the purpose of managing and controlling the information system audit engagement is vital. The study recommends the enhancement of value addition through carrying discussions and collaboration with personnel in order to aid in predicting and containing risks that are identified in the process. Keywords: Efficiency, Effectiveness, Risk based internal engagement, Risk

Item Type: Thesis (Masters)
Subjects: 600 Technology > 658 Gerneral management
Divisions: Faculty of Business Management > Department of Marketing and Entrepreneurship
Depositing User: Mr Habibu Kazimzuri
Date Deposited: 18 Oct 2024 08:14
Last Modified: 18 Oct 2024 08:14
URI: http://repository.out.ac.tz/id/eprint/4272

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