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Value-added role of internal audit : an Ethiopian case study

Mihret, Dessalegn Getie and Woldeyohannis, Getachew Zemenu 2008, Value-added role of internal audit : an Ethiopian case study, Managerial auditing journal, vol. 23, no. 6, pp. 567-595, doi: 10.1108/02686900810882110.

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Title Value-added role of internal audit : an Ethiopian case study
Author(s) Mihret, Dessalegn GetieORCID iD for Mihret, Dessalegn Getie orcid.org/0000-0003-1265-6333
Woldeyohannis, Getachew Zemenu
Journal name Managerial auditing journal
Volume number 23
Issue number 6
Start page 567
End page 595
Total pages 29
Publisher Emerald Group Publishing
Place of publication Bingley, Eng.
Publication date 2008
ISSN 0268-6902
1758-7735
Keyword(s) Internal auditing
value added
Ethiopia
Summary Purpose – The purpose of this paper is to draw inferences – from the results of an Ethiopian public sector corporation (for-profit) case study – on how the attributes of a value-adding internal audit department would vary among organisations.

Design/methodology/approach – The case study strategy is employed. The internal audit function of a public sector corporation was examined using an analytical framework derived from the literature. Research evidence was gathered distributing questionnaires to managers and internal auditors, conducting a semi-structured interview with the internal audit department manager, and reviewing documents.

Findings – The results highlight that traditional/compliance audit is dominant in the organisation studied as contrasted with value-added auditing. The paper concludes that goals and strategies pursued and the level of risk faced by organisations to which internal audit provides service, appear to shape the attributes of a value-adding internal audit department. The study also demonstrates that the quality of strategic planning for, and marketing of, internal audit would influence the extent to which an appropriate value-added profile is attained in a particular context.

Research limitations/implications – Since a single unit of analysis is examined, universal generalisability of the findings cannot be claimed. Also, the research design assumed that the unit of analysis investigated falls within the scope of internal audit departments considered in the literature that served as a basis to develop the analytical framework and data collection instruments.

Originality/value – The paper is expected to inspire conclusive follow-on research on the role of internal audit in Ethiopia, or other countries with similar settings.
Language eng
DOI 10.1108/02686900810882110
Field of Research 150102 Auditing and Accountability
Socio Economic Objective 910402 Management
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2008, Emerald
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30065245

Document type: Journal Article
Collections: School of Accounting, Economics and Finance
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.