Wednesday, March 6, 2019

Research Proposal for Internal Auditor Essay

IntroductionThe responsibility of the internal analyseed account is to serve the Ministry of Justice in a manner that is consistent with the financial Administration and finishvas Act, Standards for the master key Practise of natural Auditing and with professional standards of conduct. This use has the potential to extend hitherto unparallel services to anxiety in the conduct of their duties.Background of StudyThe organization of Jamaica established the inside Auditing manner as a means of strengthening accountability and reinforcing trust and arrogance in financial reporting for public sector institutions. These audits help erect economic prosperity, expanding the variety, number and re statione of transactions by means of indite reports or consultations to prepare persons who are entering into transactions. (Institute of Chartered Accountants 2005) The value of an interior(a) tender lies in how well he/she is able to contribute to the overall achievement of the or ganisations objectives.The auditor should always strive to make himself relevantto the ogranisations using the prissy methods of providing information to that leave behind countenance counselling make decisions that pull up stakes restore the organization positively on their ability to achieve organisational goals. However fit in to the reports made by the Auditor General of Jamaica (2005) audits have been restrictive in terms of scope with the lack of technology in aiding auditor and fraud. This necessarily to be addressed if the required return on investment in the native Audit is to be attained.Problem StatementThe internal Audit dresser (2006) believes that the richness of internal audit is analytically obscure. This belief plagues the importance of an internal audit as a key function that can strengthen the oversight responsibility of the governing body and this position reflects managements view on auditors. To sum it up, Public Sector agencies reduce auditors, T he Internal Audit functions in the Jamaican public sector faces a erudition and credibility problem as auditors are seen as value adders or fault finders in the government rather than solution providers. circumspection Question Why is it that public sector managers find the function of the Internal Audit Agency an inconvenience and what can be done to conceal it? interrogation Questions1. Why is there a low conduct for Internal Audit by Public Sector Managers? 2. What steps should be put in place in order to get the support of management for Internal Auditing in the Public Sector? 3. Is there a likeness between the quality of service the Internal Auditor provides for his organisation and the stance of managers towards the Internal Audit function? Hypothesis The quality of service provided by the Internal Auditors for their organization is in no way related to the attitude of managers towards the function of the Internal Audit.Objectives1. Examine the factors that are responsib le for the low support of the Internal Audit by managers of the Public Sector institution. 2. Identify special actions required to secure support of managers for the Internal Audit 3. Establish the family between quality of service and support of managers for Internal Audit meaning of StudyThe significance of the study forget be to1. Introduce the Agency to the Jamaican public not as evaluators but future planners 2. purify the public understanding of the Agencys role in the government 3. To show that the agency aids organizations in achieving their goals and objectives.methodological analysisAreas covered in this section include look design, nation, sample and sampling techniques, data charm and analysis. Research Design The design will involve evaluating the role of the Internal Auditors in the governance of the organisations in the public sector. This research is designed to affirm the objectives set out by the researcher.PopulationThe public sector of Jamaica is in all likelihood the largest employers of internal auditors. These institutions involve several organisations including ministries, departments and agencies (A). It also includes metropolitan, municipal and district assemblies (B). The targeted world for the study would include1. Directors and managers2. Financial officers, coordinating directors and staff3. Staff and heads of the audit departments sample and Sampling TechniqueThe researcher will adopt the great deal type of research in which a sample from the target cosmos will be used for the study. A total of 150 elements will be selected from a target population of 500. The details are as follows* 20 directors and 5 managers* 30 coordinating directors and 15 financial officers* 60 staff members and 10 heads of the audit departmentIn this research, the researcher will adopt a multistage stratified sampling method to select elements. -The population will be separated accordingly into (A) and (B), as shown above. -Elements in gather ing (A) are the Ministries, Departments and Agencies -Elements in group (B) are the Metropolitan, Municipal and Districts. This separates them to allow the research information to be more coherent and shows that their operations are importantly different.Data CollectionThe focus of this data collection is to show the attitudes and perception and the importance of primary data. Secondary data will also be collected to reinforce the data collected. The researcher will have to provide the Public sector institutions with an introductory letter explaining the reason for the research with straightlaced identification and request consent. The initial visit to selected institutions would be to familiarize himself with those institutions and members within the institutions .Data Collection InstrumentA questionnaire will be the official document used in retrieving the Data. It would include structured questions segregated into 4 sections. instalment 1, Section 2, Section 3, Section 4. * S ection 1 will consist of questions desire to answer the jump research question * Section 2 will consist of questions seeking to answer the second research question * Section 3 will consist of questions seeking to answer the third question * Section 4 will consist of questions to test and validating the hypothesisData digestThe answered retrieved from the questionnaire will be graded in each section and a percentage will be formulated.LimitationsThe researcher may not be able to cover all the institutions over Jamaica. Institutions may not allow the researcher to conduct research on the organization.References* The Institute of Internal Auditors (the IIA). (2007),The Professional Practices Framework.Florida, U.S. The IIA Research Foundation.* Institute of Internal Auditors (2010) Role of Internal Audit, South Africa * Cahmbers, R. Internal Auditor Chambers on the Profession (2012) Dilemmas Every Internal Auditor Will Face, http//www.theiia.org/blogs/chambers/index.cfm/post/Five%20 Dilemmas%20Every%20Internal%20Auditor%20Will%20Face * Ministry of Justice, http//www.moj.gov.jm/internal_audit * Auditor Generals Department of Jamaica, Annual Report 200, http//www.auditorgeneral.gov.jm/Table of ContentsIntroduction 2 Background of Study 3 Problem Statements 4 Management question, Research Question and Hypothesis 4 Objectives and Significance of study 5 Methodology 6 Research Design andPopulation 6 Sampling and Sampling Technique 7 Data collection, Data Instrument, Data analysis and Limitations 8 References 9

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.