ABSTRACT
The purpose of this research was to assess the effectiveness of the internal audit function at
Fabco Pvt Lt. The questioning of the necessity of internal audit by the major shareholder and
recurrent increased stock write-offs without adequate explanations by management probed the
researcher to carry out the study. The study involved internal audit personnel, management and
accounts staff. The study sample composed of three internal audit personnel, five managers and
four accounts personnel. Research instruments considered for the purposes of this research are
questionnaires which had 92% response rate and interviews which yielded 89% response rate.
Data accumulated was analysed and presented through graphs, tables and pie charts and rational
conclusions were drawn from this. Upon analysis of the accumulated data, the results of the
study suggest that the audit policy is not formally documented and adequately disseminated to
staff. It was also seen that there is no independent internal audit committee to review the work of
internal auditors and that the entity in question does not engage calibre staff. The
recommendations forwarded by the researcher are envisaged to lead to effectiveness of the
internal audit function at Fabco Pvt Ltd.
Dhliwayo, N (2021). An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd. Afribary. Retrieved from https://tracking.afribary.com/works/an-assessment-on-the-effectiveness-of-the-internal-audit-function-at-fabco-pvt-ltd
Dhliwayo, Nyasha "An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd" Afribary. Afribary, 04 May. 2021, https://tracking.afribary.com/works/an-assessment-on-the-effectiveness-of-the-internal-audit-function-at-fabco-pvt-ltd. Accessed 25 Nov. 2024.
Dhliwayo, Nyasha . "An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd". Afribary, Afribary, 04 May. 2021. Web. 25 Nov. 2024. < https://tracking.afribary.com/works/an-assessment-on-the-effectiveness-of-the-internal-audit-function-at-fabco-pvt-ltd >.
Dhliwayo, Nyasha . "An assessment on the effectiveness of the internal audit function at Fabco Pvt Ltd" Afribary (2021). Accessed November 25, 2024. https://tracking.afribary.com/works/an-assessment-on-the-effectiveness-of-the-internal-audit-function-at-fabco-pvt-ltd