Assessment of the role of internal audit on performance of internal audit system (IAS) in risk management: A case study of Bank of Africa (BOA)
The general objective of the study was to assess the performance of internal audit system in risk management by focusing at Bank of Africa (BOA) as a case study. Specifically, the study aimed to explore how BOA implements its Internal Audit System and Risk Management, examine the performance of Inte...
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| Format: | Thèse |
| Langue: | anglais |
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Mzumbe University
2024
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| Accès en ligne: | https://scholar.mzumbe.ac.tz/handle/123456789/1245 |
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| _version_ | 1835205598192336896 |
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| author | Kisiwa, Abdul |
| author_facet | Kisiwa, Abdul |
| author_sort | Kisiwa, Abdul |
| collection | DSpace |
| description | The general objective of the study was to assess the performance of internal audit system in risk management by focusing at Bank of Africa (BOA) as a case study. Specifically, the study aimed to explore how BOA implements its Internal Audit System and Risk Management, examine the performance of Internal Audit System in risk management and identify challenges faced by BOA in implementing risk management. The methodology used to conduct this study was descriptive in nature and included the use of various data collection methods and tools such as questionnaires and interviews. The study used primary data collection methods such as; observation, interviews and questionnaires. The study also used secondary data collection methods such as documentation to collect data. From the findings of the study, the researcher concludes that the internal audit function at BOA is somehow effective in implementing risk managements although the exercise is faced by various challenges that hinder effectiveness of BOA in performing risk management. These challenges include; lack of awareness on risk management among respondents, poor planning and lack of adequate resources. From the conclusion; the researcher recommends that; BOA should improve the institutional setting and environment to provide an autonomous environment for smooth functions of Risk management. Also, BOA should take strategic measures to strengthen their audit department so as to make it more effective in mitigating financial risk and implementing risk management strategies. Lastly, BOA should employ more internal audit staff. |
| format | Thesis |
| id | oai:null:123456789-1245 |
| institution | Mzumbe University |
| language | English |
| publishDate | 2024 |
| publisher | Mzumbe University |
| record_format | dspace |
| spelling | oai:null:123456789-12452024-09-18T10:59:30Z Assessment of the role of internal audit on performance of internal audit system (IAS) in risk management: A case study of Bank of Africa (BOA) Kisiwa, Abdul Internal Audit Risk Management BOA Financial risk management The general objective of the study was to assess the performance of internal audit system in risk management by focusing at Bank of Africa (BOA) as a case study. Specifically, the study aimed to explore how BOA implements its Internal Audit System and Risk Management, examine the performance of Internal Audit System in risk management and identify challenges faced by BOA in implementing risk management. The methodology used to conduct this study was descriptive in nature and included the use of various data collection methods and tools such as questionnaires and interviews. The study used primary data collection methods such as; observation, interviews and questionnaires. The study also used secondary data collection methods such as documentation to collect data. From the findings of the study, the researcher concludes that the internal audit function at BOA is somehow effective in implementing risk managements although the exercise is faced by various challenges that hinder effectiveness of BOA in performing risk management. These challenges include; lack of awareness on risk management among respondents, poor planning and lack of adequate resources. From the conclusion; the researcher recommends that; BOA should improve the institutional setting and environment to provide an autonomous environment for smooth functions of Risk management. Also, BOA should take strategic measures to strengthen their audit department so as to make it more effective in mitigating financial risk and implementing risk management strategies. Lastly, BOA should employ more internal audit staff. Private 2024-09-18T10:57:10Z 2024-09-18T10:57:10Z 2014 Thesis APA https://scholar.mzumbe.ac.tz/handle/123456789/1245 en application/pdf Mzumbe University |
| spellingShingle | Internal Audit Risk Management BOA Financial risk management Kisiwa, Abdul Assessment of the role of internal audit on performance of internal audit system (IAS) in risk management: A case study of Bank of Africa (BOA) |
| title | Assessment of the role of internal audit on performance of internal audit system (IAS) in risk management: A case study of Bank of Africa (BOA) |
| title_full | Assessment of the role of internal audit on performance of internal audit system (IAS) in risk management: A case study of Bank of Africa (BOA) |
| title_fullStr | Assessment of the role of internal audit on performance of internal audit system (IAS) in risk management: A case study of Bank of Africa (BOA) |
| title_full_unstemmed | Assessment of the role of internal audit on performance of internal audit system (IAS) in risk management: A case study of Bank of Africa (BOA) |
| title_short | Assessment of the role of internal audit on performance of internal audit system (IAS) in risk management: A case study of Bank of Africa (BOA) |
| title_sort | assessment of the role of internal audit on performance of internal audit system ias in risk management a case study of bank of africa boa |
| topic | Internal Audit Risk Management BOA Financial risk management |
| url | https://scholar.mzumbe.ac.tz/handle/123456789/1245 |
| work_keys_str_mv | AT kisiwaabdul assessmentoftheroleofinternalauditonperformanceofinternalauditsystemiasinriskmanagementacasestudyofbankofafricaboa |