Article2008

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

Dessalegn Getie Mihret · Getachew Zemenu Woldeyohannis

115 citations0/0 files storedManagerial Auditing Journal

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Auditing, Earnings Management, Governance Accounting and Organizational Management Corporate Governance and Financial Management

Abstract

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.

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References

1984Case Study Research: Design and Methods 2004Case Study Research 2009Building theories from case study research 1979Mixing Qualitative and Quantitative Methods: Triangulation in Action 1987The Case Research Strategy in Studies of Information Systems 1987The Adolescence of Institutional Theory 1981The Case Study Crisis: Some Answers 2007Internal audit effectiveness: an Ethiopian public sector case study

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