PROMOTING GOOD GOVERNANCE IN PUBLIC INSTITUTIONS OF GHANA: THE ROLE OF THE INTERNAL AUDITOR
5/5/2009 SCHOOL OF BUSINESS, UNIVERSITY OF CAPE COAST, GHANA ISHMEAL OFORI AMPONSAH (STUDENT)
Table of Contents
Introduction 1
Background of the Study 1
Problem Statement 2
Management Question: 2
Research Questions: 2
Hypothesis: 2
Objectives 3
Significance of Study 3
Literature Review 4
Definition of Internal Audit 4
Role of the Internal Auditor in governance 5
Methodology 6
Research Design 6
Population 6
Sampling and Sampling Technique 6
Data Collection 7
Data collection instrument 7
Data Analysis 9
Timescale 9
Limitations 9
References 10
Promoting Good Governance in Public Institutions of Ghana: The Role of the Internal Auditor
Introduction
All over the world there is a realization that the Internal Audit activity has the potential to provide hitherto unparalleled services to management in the conduct of their duties. This potential has been turned into a challenge and embodied in the new definition of Internal Auditing from the Institute of Internal Auditors (the IIA).
Background of the Study
The Government of the Republic of Ghana by the Internal Audit Agency A ct, 2003 (Act 658) established the Internal Audit Agency “as an apex oversight body to co-ordinate, facilitate and provide quality assurance for Internal Audit activities within the public sector” (Section 16 of Act 658). The Internal Auditor’s value lies in how well he has been able to contribute to the achievement of the overall organisational objective. The Internal Auditor should constantly seek to make himself relevant to his organisation by providing information that will make management take decisions that impact positively on their ability to achieve the organisational goals.
However, according to research and surveys conducted by Deloitte & Touche (2004) and the Internal Audit Agency of Ghana (2006), much of the work of Internal
References: The Institute of Internal Auditors (the IIA). (2007), The Professional Practices Framework. Florida, U.S.: The IIA Research Foundation. Spencer, P. K. H. (2003), The Internal Auditing Handbook. U.K. City University Press. Deloitte & Touche Enterprise Risk Services & Institute of Internal Auditors – UK and Ireland (2004), The Value Agenda. Available at www.iia.org.uk, (Accessed on 14 April 2009). Internal Audit Agency, Republic of Ghana. (2007), Annual Report to the Office of the President. Accra: the IAA Internal Audit Agency, Republic of Ghana. (2006), Championing Excellence in Universities of Ghana: The Role of the Internal Auditor. A paper presented to the Association of the Internal Auditors of the Universities of Ghana at their annual congress in 2006. Accra: Ransford Agyei, Deputy Director-General. Saunders, M., Lewis, P., & Thornhill, A. (2007), Research Methods for Business Students (4th ed.) Harlow, England: FT Prentice Hall Blumberg, B., Cooper, D.R., and Schindler, P.S. (2005) Business Research Methods, Maidenhead, McGraw-Hill