Internal Audit Operational Efficiency and Performance of Public Institutions in Rwanda: The Case of Ngoma District

Q3 Economics, Econometrics and Finance

Afro-Asian Journal of Finance and Accounting Pub Date : 2023-11-12 DOI:10.53819/81018102t4229

Innocent Ndungutse

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Abstract

This study aimed to investigate the impact of internal audit operational efficiency on the performance of public institutions in Rwanda, using a case study of Ngoma District. The study aimed to identify the main internal control activities, assess the role of internal audit operations in identifying and assessing risks, establish the effects of internal audit operations on ensuring compliance with laws, regulations, and internal policies, analyze the contributions of internal audit operations in detecting and deterring fraudulent activities, and find out the impact of an effective audit system on operational efficiency. The target population consisted of 120 staff working at the Ngoma District head office in Kigali, with 92 being a sample. Primary data was collected through structured questionnaires and secondary data from Ngoma District reports and online resources. The statistical analysis revealed several strong and highly significant correlations between internal audit operationalization processes and the performance of public institutions. There is a substantial positive correlation between the internal audit processes of File Verification, approval, and Authorization and the institution's ability to detect and assess risks. The study also demonstrates a significant correlation between computer system control measures in the internal audit process and an institution's ability to adhere to legal requirements, regulations, and internal policies. A strong and statistically significant correlation is found between the implementation of backup and file recovery procedures and the prevention of fraudulent activities, emphasizing the importance of data integrity and security in maintaining trustworthiness. Finally, the research reveals a robust and statistically significant association between staff monitoring and the operational efficiency of public institutions, underlining the critical role of accountability and supervision in streamlining processes and resource allocation. These findings emphasize the significance of comprehensive internal audit practices and controls in enhancing the performance, governance, and effectiveness of public institutions in Ngoma district. Keywords: Internal Audit, Operational Efficiency, Public Institutions, Rwanda

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卢旺达公共机构的内部审计业务效率和绩效:以恩戈马县为例

本研究的目的是调查内部审计业务效率对卢旺达公共机构业绩的影响，使用恩戈马地区的案例研究。本研究旨在识别主要的内部控制活动，评估内部审计业务在识别和评估风险方面的作用，确定内部审计业务在确保遵守法律、法规和内部政策方面的效果，分析内部审计业务在发现和阻止欺诈活动方面的贡献，并找出有效的审计制度对运营效率的影响。目标人口包括在基加利恩戈马区总部工作的120名工作人员，其中92人是样本。主要数据是通过结构化问卷收集的，次要数据来自恩戈马地区的报告和在线资源。统计分析揭示了内部审计运作过程与公共机构绩效之间的几个强大且高度显著的相关性。文件验证、批准和授权的内部审计过程与机构检测和评估风险的能力之间存在实质性的正相关关系。该研究还表明，内部审计过程中的计算机系统控制措施与机构遵守法律要求、法规和内部政策的能力之间存在显著的相关性。实施备份和文件恢复程序与防止欺诈活动之间存在很强的统计上显著的相关性，强调了数据完整性和安全性在保持可信度方面的重要性。最后，研究表明，工作人员监测与公共机构的业务效率之间存在着强有力的和统计上显著的联系，强调了问责制和监督在精简程序和资源分配方面的关键作用。这些发现强调了全面的内部审计实践和控制在提高恩戈马地区公共机构的绩效、治理和有效性方面的重要性。关键词:内部审计，运作效率，公共机构，卢旺达

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来源期刊

Afro-Asian Journal of Finance and Accounting Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： Finance and accounting are seen as essential components for the successful implementation of market-based development policies supporting economic liberalisation in the rapidly emerging economies in Africa, the Middle-East and Asia. AAJFA aims to foster greater discussion and research of the development of the finance and accounting disciplines in these regions. A major feature of the journal will be to emphasise the implications of this development and the effects on businesses, academics and professionals. Topics covered include: -Asset pricing, corporate finance, banking; market microstructure -Behavioural and experimental finance; law and finance -Emerging economies: finance, audit committees, corporate governance -Islamic finance, accounting and auditing -Equity analysis and valuation, venture capital and IPOs -National GAAP and IASs compliance, harmonisation and strategies -Financial measurement/disclosure, and the quality of information reported -Accountability and social/ethical/environmental measurement/reporting -Cultural, political, institutional impact on financial measurement/disclosure -Accounting practices for intellectual capital and other intangible assets -Provision of non-audit services and impairment to auditor independence -Audit quality and auditor skills; internal control/auditing -Management accounting, control and /use of key performance indicators -Accounting education and professional development, accounting history -Public sector and not-for-profit accounting