The Internal Audit Function in a case of Construction Sector in Ethiopia

Abstract

Internal audit has come a long way where the practice of internal auditing has evolved and developed significantly for the last decades. As a result, the internal audit roles have evolved over time from fraud detector and preventer to management partner. Provided the tightened regulatory frameworks and changing business environments, internal auditing is not projected to stay at its current level of growth; the role of the internal auditor is expected to rise at a high rate in the coming decades and beyond. Nonetheless, the expanding role of has brought challenges to internal audit function. As a result, this paper is aimed to explore the role of internal audit and related challenges. To meet the objective of the study, qualitative research approach was employed and the study results draw on the primary data obtained by interviewing 12 respondents) with firsthand working relationship with internal audit function in one construction company in Ethiopia. The finding indicates that the traditional compliance and assurance dominates overall activities of internal auditing.

Date of Award	2022-Jun
Original language	English
Supervisor	Giuseppe Grossi (Supervisor) & Timurs Umans (Examiner)