Factors Affecting Internal Audit Effectiveness In Private Banks: A Case Study Of Selective Private Banks In Adis Ababa Akaki Kality Sub City Branch Officers

Abstract

determining the effectiveness of internal audit in Ethiopian private commercial banks? Based on these the researcher recommended that the bank should be create opportunities to internal auditors to have more skills and access to the information technology by providing effective training and professional certification program to internal auditors in a timely and planned manner for the purpose of improving internal audit effectiveness supporting in technology and the banking sector should create the nice relationship and coordination between those two auditors (Internal and external auditors) which brought beneficity for their works. The private commercial banks in Ethiopia should also give more attention to those factors which has positive effect on internal audit effectiveness which are competency of internal auditors and independency of audit teams. According to this study, management support has negative effect on internal audit and therefore: The recommended that internal auditors should be free from management interference, bias both academically and materially as well as maintain professionalism code of ethics