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    Gadise Teshome PP

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    Tewodrose Teklehawariat Belayhun
    This document presents a research proposal assessing the internal auditing practices of Coop Bank of Oromia's Arbaminch branch. The proposal includes an introduction outlining the importance of internal auditing and background on the bank. The problem statement notes potential issues like a lack of independence and continuous assurance. The objectives are to assess the application of internal auditing, identify principles and factors affecting practices, and identify major drawbacks. The significance is that it will help managers and auditors, and add to existing literature. The scope is limited to the Arbaminch branch to assess factors, challenges, and strategies regarding internal auditing practices. The methodology will use descriptive research through interviews and questionnaires to collect both primary and secondary data

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    Gadise Teshome PP

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    Tewodrose Teklehawariat Belayhun
    508 views6 pages
    This document presents a research proposal assessing the internal auditing practices of Coop Bank of Oromia's Arbaminch branch. The proposal includes an introduction outlining the importance of internal auditing and background on the bank. The problem statement notes potential issues like a lack of independence and continuous assurance. The objectives are to assess the application of internal auditing, identify principles and factors affecting practices, and identify major drawbacks. The significance is that it will help managers and auditors, and add to existing literature. The scope is limited to the Arbaminch branch to assess factors, challenges, and strategies regarding internal auditing practices. The methodology will use descriptive research through interviews and questionnaires to collect both primary and secondary data

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    Gadise Teshome Pp

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    This document presents a research proposal assessing the internal auditing practices of Coop Bank of Oromia's Arbaminch branch. The proposal includes an introduction outlining the importance of internal auditing and background on the bank. The problem statement notes potential issues like a lack of independence and continuous assurance. The objectives are to assess the application of internal auditing, identify principles and factors affecting practices, and identify major drawbacks. The significance is that it will help managers and auditors, and add to existing literature. The scope is limited to the Arbaminch branch to assess factors, challenges, and strategies regarding internal auditing practices. The methodology will use descriptive research through interviews and questionnaires to collect both primary and secondary data

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    508 views6 pages

    Gadise Teshome PP

    Uploaded by

    Tewodrose Teklehawariat Belayhun
    This document presents a research proposal assessing the internal auditing practices of Coop Bank of Oromia's Arbaminch branch. The proposal includes an introduction outlining the importance of internal auditing and background on the bank. The problem statement notes potential issues like a lack of independence and continuous assurance. The objectives are to assess the application of internal auditing, identify principles and factors affecting practices, and identify major drawbacks. The significance is that it will help managers and auditors, and add to existing literature. The scope is limited to the Arbaminch branch to assess factors, challenges, and strategies regarding internal auditing practices. The methodology will use descriptive research through interviews and questionnaires to collect both primary and secondary data

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 6

    ARBAMINCH UNIVERSITY

    COLLEGE OF BUSINESS AND ECONOMICS


    DEPARTEMENT OF ACCOUNTING AND FINANCE

    ASSESSMENT OF INTERNAL AUDITING PRACTICE IN


    COOPRATIVE BANK OF OROMIA ARBAMINCH BRANCH
    ARESEARCH PROPOSAL SUBMITTED TO THE PARTIAL
    FULLMILMENT OF BA DEGREE IN ACCOUNTING AND FINANCE

    BY; GADISE TESHOME


    ID NO;EBE/1306/10

    Advisor’s Name: THEODORS TEKLEHAWARYAT

    SUBMISSION DATE ; JUNE 7

    ARBAMINCH, ETHIOPIA

    i
    TABLE OF CONTENTS
    Page

    Abstract………………………………………………………………………………………….
    CHAPTER ONE
    1. Introduction……………....................................................................................................4
    1.1. Background of the study……………………………………………………………….4
    1.2. Statement of the problem ………………………………………………………………4
    1.3 Research question……………………………………………………………………5
    1.4. Objective of the study ………………………………………………………………….5
    1.4.1. General objective …………………………………………………………………5
    1.4.2. Specific objectives ……………………………………………………………….. 5
    1.5. Significance of the study………………………………………………………………..5
    1.6. Scope of the study ………………………………………………………………………
    CHAPTER THREE
    3. Research Methodology………………………………………………………………..13
    3.1. Research design…………………………………………………………………….13
    3.2. Data Collection instrument and source of data ……………………………………..13
    3.3. Sampling techniques……………………………………………………………….13
    3.4. Data Analysis and presentation………………………. ……………………………13

    ii
    CHAPTER ONE
    INTRODUCTIONS
    1.1. Background of the study

    The internal control process is a mechanism for reducing instance for fraud, misappropriation
    and errors. It has recently become more extensive addressing all the various activities faced by
    the organizations it is now recognized that internal control process in critical to organization
    ability to meet is goals and objectives and to maintain its financial viability. Company‟s internal
    control consists of the policies and procedures established to provided reasonable assurance that
    specific objective of the company will be achieve. Internal Audit practice in the examination of
    accounts a business concern by it employees specially appointed for the purpose.

    When the properly designed and consistently enforced a good system of internal audit will help
    management safeguard the organization resources, product reliable financial reports and comply
    with laws as regulations. It will also reduce the possibility of significant errors and irregularities.
    Proper internal auditing practice is the base for preserving the stability of any company. The
    study focuses a describing and analyzing the important control directions that will be related to
    internal auditing practice.

    In regard to see the existing and applicability of attributer and the standards in Coop Bank of
    Oromia Arbaminch branch performance to increase the quality of audit work raising awareness
    of the role and significance of internal auditing to the achievement of specific objectives.
    CBO (S.C.) was registered commercially on October 29, 2004 in accordance with article 304 of
    Commercial Code of Ethiopia & in line with proclamation no. 84/1994 with authorized capital of
    Birr 300 million
    It started operation on 8th march 2005, with paid up share capital of birr 112 million
    62.86 % of Ownership was occupied by Cooperatives while the remaining 37.14 % was
    occupied by non-cooperatives.

    xx
    1.2. Statement of the problem
    Internal auditing encompasses the examination and evaluation of the adequacy and effectiveness
    of the organization system of internal control and qualities of performance in carrying out
    assigned responsibilities internal auditing is a service function established within the
    organization to examine and evaluate its activities. Internal auditing may focus on financial
    audits. Compliance audit, fraud audit, internal auditors usually assist management in ensuring
    that there is proper internal control system in place and the operation of the enterprise
    (organization) is operated in effective and efficient manner. It is clear that in adequate internal
    control can expose the organization to various problems. Primary, absence of internal auditing in
    the organization will result in lack of continuous assurance services. Secondly, the degree of
    independence of internal auditor since they are employee of the organization so it is the related
    problem will exist. .
    1.3 Research questions
    • Does the bank have internal auditing practice?
    • Does the principle of internal auditing apply in the organization?
    • What factors affecting internal auditing practice of Coop Bank of OromiaAraminch
    branch (area)
    • What is the major drawback of auditing practice of Coop Bank of OromiaArbaminch
    Branch?

    1.4. Objective of the study


    1.4.1. General Objective
    The general objective of this study is to assess internal auditing practice of coop bank of Oromia
    arbaminch branch.

    1.4.2. Specific objective


    • To assess the application of internal auditing practice.
    • To identify the principle of auditing that applied in the bank
    • To assess factors that affect internal auditing practice of Coop Bank of OromiaAraminch
    branch
    • To identify the major drawback of internal auditing in Coop Bank of OromiaAraminch
    branch

    2
    1.5. Significance of the study
    The major benefits of the study are the following.
    • It will enable the manager to aware of the importance and use of internal audit in
    achieving intended objectives.
    • It will be help the auditor in the bank know application of internal auditing principles.
    • I will be used as an additional reference to the existing literatures and can be used as
    spring boards for other researcher who wish to conduct a research in the same area.
    1.6. Scope of the study
    Because of time and cost limitation the researcher enforced to limit the study area in assessing
    internal auditing practice of Coop Bank of OromiaAraminch branch. The study will mainly
    focus to identify factors which affect the internal auditing practice, the challenges, and the
    strategies uses to alleviate the problems in the bank.

    3
    CHAPTER THREE
    3.RESEARCH METHODOLOGY
    This section deals to the variable over which the data for the study are collects and method that
    use in data collections, analysis, and interpretation
    3.1 Research Design
    The researcher will use descriptive research method to describes the assessment of internal
    auditing practice in cooperative bank of Oromia at Arbaminch branch The reasons for using this
    method are to describe the assessment of internal auditing practice in cooperative bank of
    Oromia at Arbaminch branch
    3.1. source and methods of Data collection
    • The data collection method used in the study will be both primary and secondary sources.
    • To collect primary data, the researcher will use structure interview and questionnaires.
    • To get secondary data the researcher will use different documents from different sources
    like magazine, journals, reports etc.

    3.2. Sampling techniques


    To select the sample, the researcher will use non-probabilistic judgmental sampling which is
    based on the researcher judgment to select the sample technique. Based on this the researcher
    will select employees from the bank that have jobs related with finance and audit. The
    questionnaires will distribute for these employees and the researcher will also interview the
    manager.

    3.3. Data Analysis and presentation


    The data collection through the questionnaires and interview will organized and analyzed. Then
    tabulate in the form of tables and interpretation will be made. The data that will gai form the

    XX

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