School of Business and Economis

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https://erepository.mku.ac.ke/handle/123456789/55

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Browsing School of Business and Economis by Subject "Auditing"

Now showing 1 - 4 of 4
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    PublicationOpen Access
    Internal Audit And The Performance Of Public Institutions In Rwanda : A Case Study Of Rwanda Revenue Authority
    (Mount Kenya University, 2013) Mberabagabo, Gapita Axel
    This study aimed at investigating the impact of internal audit on the performance of RRA. Thus, it highlights the role of internal audit in evaluating and improving the corporate governance, risk management and internal controls processes. Then it shows that an effective internal audit affects positively the organizational performance. This study intended to reach the following three specific objectives, first of all to assess the extent to which the audit of corporate governance improves the performance of RRA. Secondly, to determine the extent to which the audit of risk management enhances the performance of RRA. Finally, to determine the extent to which the audit of internal controls increase the performance of RRA. Literature and empirical studies related to the impact of internal audit on organizational performance were reviewed to enable the researcher to understand the conceptual framework between internal audit and performance of public institutions. As far as data collection and analysis are concerned, the researcher used a survey to collect information from RRA employees working at headquarter Kimihurura, Kigali. A sample was calculated using a simple random sample. The researcher used the lottery method to choose sample. 154 employees were selected and they were given questionnaires which they responded and returned a hundred percent. Data collected were summarized and analyzed in tables using mean, percentages and graphs. The findings of research revealed that the extent to which internal audit improves corporate governance, risk management, and internal control processes is high. This was confirmed by the positive impact of internal audit on indicators of performance of RRA namely quality of service provided, customer care service, and treatment of employees. However, the majority of respondents do not agree that RRA has achieved the level of free corruption working environment. The results of this research showed that the board of RRA should continue to fight fraud and corruption. The head of internal audit should plan trainings of employees on how to respond to different risks and sensitize employees to request assistance of internal auditors whenever needed. The management should improve its strategy of retention of employees.
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    PublicationOpen Access
    Internal Audit Function and Performance of Public Entities: A Case Study of Ministry of Finance and Economic Planning
    (Mount Kenya University, 2013) Niyonshimye, Olivier
    The purpose of this study was to find out the contribution of the internal audit function on the performance of Public entities, a case study of the Ministry of Finance and Economic Planning. The specific objectives of the study were to identify different types of audit assignments conducted by the ministry and to examine the relationship between internal audit function and performance of MINECOFIN. The research helped the researcher to gain practical research skills and the report will serve for reference to the MKU community and the entire general public. The study was based on a census design which purposively sampled the respondents from the Office of Government Chief Internal Auditor/MINECOFIN to respond to research questionnaires. The researcher used questionnaires to collect data and made use of the SPSS software to analyze the data. The study found that the internal audit unit is carrying out financial audit, compliance audit, performance auditing and IT audit. It was also revealed that the majority of staff has no specialization in professional courses and the department is under staffed considering its audit universe. Given this scenario, the researcher recommended the ministry to facilitate government internal auditors in pursuing auditing professional courses such as CIA and CISA and the department was advised to increase the number of auditors so as to effectively discharge its mandate.
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    PublicationOpen Access
    Internal Audit Functions and the Financial Performance of Private Insurance Companies in Rwanda: A Case Study of Société Régionale D’assurance Non-Life Insurance Ltd, Kigali
    (Mount Kenya University, 2013) Nyiraminani, Thabee
    The purpose of the study was to examine the contribution of internal audit function on the financial performance of private insurance companies in Rwanda with the three objectives which include: to identify and analyze the different activities done by internal audit function in SORAS non-life insurance Ltd, to find out the importance of internal audit activities and their importance in financial performance of SORAS non-life insurance Ltd and to analyze how internal audit function contributes to the financial performance of SORAS non-life insurance Ltd. The target population equaled to 72 people composed by internal auditors, managers at different levels in SORAS non life insurance Ltd, the sample size involved all the population sampled. The researcher used primary data through questionnaires and interviews to collect data from selected employees of SORAS non-life insurance Ltd. Secondary data was also used. Data coding and editing was done in MS Excel to make it clearly presentable and analyzed. The researcher’s analysis revealed that internal audit function of SORAS non-life insurance Ltd carries out five varied activities and ranked these activities as follow; to strengthen the internal control system, review of accounting to prevent and detect errors and frauds, review of established system to ensure compliance of rules and regulation, review of system to ensure that entity’s assets are safeguarded and review of operations and risk assessment. The researcher’s analysis also revealed that the contribution of internal audit function to financial performance of SORAS non-life insurance play an important role in profit maximization, reliable financial reports and market share growth. On the contribution of internal audit function to profit maximization and reliable financial reporting, all the 69 respondents confirmed the importance of those two aspects. On the contribution of internal audit function in market share growth; 41 respondents said that internal audit function is less important and other 28 confirmed its importance. None of the respondents confirmed that contribution of internal audit function in SORAS non-life insurance Ltd is not important. Based on the research findings, the researcher recommends that internal audit function in SORAS non-life insurance Ltd should improve the contribution of market share growth from the level of less important to important or even very important. The researcher suggests for a future study on the same research to other private insurance
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    PublicationOpen Access
    Tax Audit, a Tool of Generating Tax Revenues: A Case Study of Rwanda Revenue Authority
    (Mount Kenya University, 2013) Murorunkwere, Jeannette
    The purpose of the research is to investigate the improvement of tax revenue collection through tax audit. The objectives of the research include; to examine if tax audit is a tool of generating tax revenues; to analyze if the tax audit has increased the level of compliance of audited taxpayers; to assess if tax compliance has influenced tax revenues; to find out if there is additional tax revenue obtained through audit after self-assessment and to identify the tax audit strategies used in order to improve tax revenue collection. As significance, this research will contribute to the improvement of knowledge about the role of tax audit in improving tax revenue collection and the result of the study will hopefully make some contribution by adding to the current literature, for academicians and other potential and interested scholars for research related issues. Both qualitative and quantitative data were gathered in order to establish the relationship between the independent and dependent variables. The research was carried out in RRA. The data was collected from the sample of 159 respondents where 65 tax auditors and 94 audited taxpayers from 2008 up to 2011/2012. After collecting data, the researcher has organized answered questionnaires, edited and sorted them for the analysis stage. The data was presented using frequencies and percentages of responses from the answered questionnaires. The conclusion, recommendations and suggestions have been made from the research findings.