Internal audit and value for money the case of local government authorities in Tanzania
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Date
2014
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Publisher
University of Dar es Salaam
Abstract
This study was conducted to assess the contribution of Internal Audit effectiveness to the achievement of Value for Money (VFM) in Tanzania LGAs. Specifically, the study determined the extent to which Internal Audit effectiveness contributes to the achievement of organizational effectiveness, organizational efficiency and organizational economy. To achieve targeted objectives, the study used secondary data from LGAs annual external audit reports. These data were collected for six consecutive financial years from 2007/2008 to 2012/2013 making a total sample of 134. Data were analyzed using Descriptive statistics and Pearson’s correlation. Pearson’s correlation analysis used to test three hypotheses. The findings revealed that Internal Audit effectiveness in LGAs has significant positive influence in the achievement of organizational effectiveness, efficiency and economy. Internal Audit effectiveness can contributes up to 40.9% on the achievement of VFM framework measures which are key determinants on achieving VFM in LGAs. The study concludes that Internal Audit effectiveness has significant positive contributions to the achievement of VFM frameworks i.e. achievement of organizational effectiveness, organizational efficiency and organizational economy. Also there are other factors not in this study contribute to VFM achievements. This study recommends that government and stakeholders should continue to improve Internal Audit effectiveness in LGAs because currently it proved to be ineffective. Finally, the study recommends future studies to be conducted on other factors contribute to VFM achievements and other issues related to Internal Audit and VFM not only in LGAs but in public sector as whole.
Description
Available in print form, East Africana Collection, Dr. Wilbert Chagula Library, Class mark (THS EAF HF9770.T34J63)
Keywords
Nyakyusa language, Tense, Mbeya region, Tanzania
Citation
John, E. (2014) Internal audit and value for money the case of local government authorities in Tanzania, Masters’ dissertation, University of Dar es Salaam, Dar es Salaam