Frank Kofi Asare
Internal Auditor | Akatsi College of Education
This study is to assess the operations of internal audit unit in financial administration of some selected MDAs in Volta region with the aim of improving efficiency in the performance of the MDAs. This was achieved by identifying the operations of the internal audit unit (IAU), examining the challenges facing the IAU and assessing the extent to which the IAU of the MDAs conform to the best practices. This study was based on only qualitative paradigm. Words were used in identifying the operations, the extent to which internal audit conforms to the best auditing practices and the challenges facing the internal audit unit. Well-structured questionnaire (closed ended question and open-ended questions) were used to solicit for data. Purposive sampling technique was employed especially in selecting the five (5) Heads of the internal audit unit. Major findings emanating from the study are: inadequate audit staff, inadequate logistics in undertaken the internal audit process, slow implementation of audit recommendations and restricted access to records. It was recommended that Internal Audit Agency should recruit more personnel for MDAs audit staff, Audit Report Implementation Committee (ARIC) should attach sense of urgency to all report issue and provide the logistics needed to enhance best audit practices in the region.
Keywords: Public Perception, Audit Expectation Gap, Auditor Perception, Public Financial Administration, External Auditors Duties and Roles