Effect of Audit Commitees on the Implementation of Internal Audit Recommendations in State Owned Enterprises in South Sudan

声明

ACKNOWLEDGEMENT

摘要

ABSTRACT

Content

LIST OF ABBREVIATIONS ANDACRONYMS

CHAPTER ONE：INTRODUCTION

1．1．Background

1．2．Statement of the problem

1．3．Purpose of the study

1．4．Objectives

1．6．Scope of the study

1．7．Limitations of the study

1．8．Operational Definition of key Terms

CHAPTER TWO：REVIEW OF LITERATURE

2．1．Evolution of Audit Committees in the World

2．1．1．Evolution of Audit Committees in the USA

2．1．2．Evolution of Audit Committees in the UK

2．1．3．Evolution of Audit committees in South Africa

2．1．4．Evolution of Audit Committees in South Sudan

2．2．Audit Committees and International Standards

2．3．Functions of Audit Committees

2．4．Compliance Requirements of Audit committees

2．5．Essential characteristics of audit committees

2．5．1．The level of expertise of Audit committee members

2．5．2．Size of Audit committees

2．5．3．Frequency of Audit committee meetings

2．5．4．The level of independence

2．5．5．Tenure and Remuneration of the Committee

2．6．Effect of Audit Characteristics on the implementation of Audit reeommendations

2．7． Effect of Audit and Audit committee Relationship on the implementation of Audit recommendations

2．8．Theoretical Prineiple on Audit committees and Implementation of Internal Audit recommendations

2．8．1．Corporate Governance Theory

2．8．2．Agency Theory

2．9．Critical Review

2．10．Conceptual Framcwolrk

2．11．Summary of the Review and Research Gaps

CHAPTER THREE：RESEARCH DESIGN AND METHODOLOGY

3．1．Research Design

3．2．Research Methodology

3．3．Target Population

3．4．Sampling Design and Sample size

3．5．Research Instruments

3．5．1．Questionnaire

3．5．2．Interview sehedule

3．6．Piloting of the Research Instruments

3．8．Data analysis

CHAPTER FOUR：DATA ANALYSIS AND RESULTS

4．1．Descriptive Statistics

4．2．Compliance of Audit Committee to the National Audit Chamber Act

4．2．1．Establishment of Audit Committees

4．2．2．Membership of Audit Committees

4．2．4．Minimum qualifications for members of Audit Committees

4．3．Committee Meetings，Communication and Committee Reporting

4．3．1．Frequency of Meeting within the Committee

4．3．3．Frequency of meeting with the Entity’s Chief executive

4．3．4．Availability of succession plan in Business enterprises

4．4．Relationship between Audit Committee and Internal Audit Function

4．4．1．Frequency of evaluating Internal Audit functions

4．4．2．Frequency of meetings between Audit Committee and Internal Audit Function

4．4．3．Committee Involved in Appointment of Chief Internal Audit (CIA)

4．4．4．Level of Support of Audit Committees

4．4．5．Cross Tabulation between Security of tenure and Frequency of AC meetings

4．5．Effect of Audit committees on Implementation of Audit Reeommendations

4．5．1．Descriptive Statistics of predictor variables and Audit Recommendations

4．5．2．Correlation between Predictor and outcome variable

4．5．3．OLS Regression between predictor variable and outcome variable

INTERPRETATION

CHAPTER FIVE：FINDINGS AND RECOMMENDATIONS

5．1．Findings

5．1．2．Effect of characteristies of AC’s on Implementation of Audit Recommendations

5．1．3．Effect of the relationship betweenAC and nF on the implementation of Recommendations

5．2．Conclusion

5．3．Suggestions and Contribution to the Literature

5．4．Recommendations and Implications for future Research

REFERENCES

APPENDIX