Browsing by Author "Nsulau, Elibariki Kiula"

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    Assessment of the effectiveness of audit committees of the Tanzania public sector: a case of the ministry of education and vocational training
    (University of Dar es Salaam, 2013) Nsulau, Elibariki Kiula
    The study was the assessment of the effectiveness of Audit Committees of the Tanzania public sector. The researcher used the Ministry of Education and Vocational Training as a case study to represent the public sector. In order to come up with clear assessment of the effectiveness of Audit Committee of the public sector, the researcher examined the Audit Committee Composition, Audit Committee discharge of its responsibilities, Audit Committee frequency of meetings and matter of discussions during the meetings. The study used questionnaires to collect data from the selected respondents from the MOEVT. The targeted sample size was 100, although only 77 staff responded on the questionnaires. The responses were obtained from 37 Accountants, 24 Internal Auditors and other 17 senior staff from other departments. The data analysis was done by using descriptive statistics which included percentages and frequencies for each question. The findings for this study revealed that audit committees composition in terms of number is satisfactory as it conforms to the PFR 32(1) as members’ ranges between three to five depending on the nature and size of organization. Also, the composition in terms of expertise is good as it is made up of both finance staff and other technical professional. Further, it was found that Audit Committee is independent, although the chairperson being internally appointed makes the independence a bit questionable. The study recommends that the chairperson should be external appointed to enhance independence. Also, in order to make all members more effective, there should be provision of training about financial management, accounting and auditing.