ASSESEMENT OF INTERNAL AUDIT PRACTICE IN THE PUPLIC SECTOR: In Case of Yeka Sub City Administration office

Abstract

The purpose of this study examine internal audit practice in public sector in case of yeka sub city administration office. The study investigates key problems in internal audit practices regarding of competency of internal auditors, time /program/ of auditing, scope of audit work, independency of the auditor, the management perception about the internal audit, implementation of audit recommendation and the available punishments for violations of internal audit procedures effectively applied in the administration. This descriptive research is conducted by using mixed method approach. Data collection includes questioner with 81 internal auditors, documentary analysis and semi-structured interview with by taking purposive sample of internal audit manager, finance manager and general manager. With these research methods, the findings of the study revealed that competency in terms of educational background but lack of experience and number of staff, internal auditors are not independent, Managements have not good perception about internal auditors and inadequacy of punishments for violation of internal audit procedures at different levels that leads ineffectiveness of internal audit.