ABSTRACT
This study was set out to establish the extent to which internal audit affects organizational performance in the selected manufacturing companies in Mogadishu Somalia .The study was to establish how internal audit affect organizational performance in the selected manufacturing companies in Mogadishu Somalia, the study was conducted through descriptive survey and correlation research design, quantitative approach: with a questionnaire and includes target population was 160 and sample 113 respondents from selected manufacturing companies in Mogadishu Somalia. The study utilized descriptive statistics frequencies and percentages, tables were used in the presentation of data and also Pearson’s product moment correlation coefficient was applied to test correlation between internal audit and organizational performance. The research found that the internal audit and organizational performance of selected manufacturing companies are significantly correlated r 0.950. Proper internal auditing significantly leads to the organizational performance in manufacturing companies. Organizational performance involves most of the following activities including management polices and management establishment minimum return required to meet the company’s return on assets, return on equity and also made comparison the current profit with profit made in the previous year to assess profitability Irends. The internal auditors of the manufacturing companies are not sufficiently skilled to undertake the~work~ program, and it is recommended that tr~ining be organized to enable to perform their jobs well and to develop an awareness of effective internal auditing and recommended that the company makes appropriate policy and procedures for the collection of its loans in default.
TABLE OF CONTENTS
Chapter Page
One THE PROBLEM AND ITS SCOPE
Background of the Study~ 1
Statement of the Problem 5
Purpose of the Study 6
Research Objectives 6
Research Questions 6
Null Hypotheses 7
Scope 7
Significance of the Study 7
Operational Definitions of Key Terms 8
Two REVIEW OF RELATED LITERATURE
Concepts, Ideas, Opinions from Authors/Expert 9
Conceptual frame work 23
Related Studies 24
Three METHODOLOGY
Research Design 27
Research Population 27
Sample Size 27
Sampling Procedure 28
Research Instruments 28
Validity and Reliability of the Instrument 29
Data GatheringPr6cedu~es~ 30
Data Analysis 31
Ethical Considerations 31
Limitations of the Study 32
Four PRESENTATION, ANALYSIS AND INTERPRETATION
Introduction 33
Profile of the respondent 33
The extent of internal audit 36
- The level of the organizational performance 41
Relation between internal auditing and of organizational 46
Five FINDINGS, CONCLUSION, RECOMMENDATION
Findings 48
Conclusion 50
Recommendation si
Suggestions for father research 52
References 53
Appendices
Appendix I Transmittal Letter 59
Appendix II Informed Consent 60
Appendix III Clearance from Ethics Committee 61
Appendix 1V Transmittal Letter for Respondents 63
Demographic Characteristics of the Respondents 64
Appendix VA Questionnaire to Determine internal audit 65
Appendix VB Questionnaire to determine organizational performance 67
Appendix VIA: sample size for research activities 69
APPENDIX VIB: TABLE FOR DETERMINING SAMPLE SIZE FROM A GIVEN POPULATION.
Appendix VIC: formulae for determining needed sample 72
APPENDIX VII RESEARCHER’S CURRICULUM VITAE 73
Consults, E. (2022). Internal Audit and Organizational Performance in Selected Manufacturing Companies in Mogadishu Somalia. Afribary. Retrieved from https://tracking.afribary.com/works/internal-audit-and-organizational-performance-in-selected-manufacturing-companies-in-mogadishu-somalia
Consults, Education "Internal Audit and Organizational Performance in Selected Manufacturing Companies in Mogadishu Somalia" Afribary. Afribary, 30 Sep. 2022, https://tracking.afribary.com/works/internal-audit-and-organizational-performance-in-selected-manufacturing-companies-in-mogadishu-somalia. Accessed 14 Nov. 2024.
Consults, Education . "Internal Audit and Organizational Performance in Selected Manufacturing Companies in Mogadishu Somalia". Afribary, Afribary, 30 Sep. 2022. Web. 14 Nov. 2024. < https://tracking.afribary.com/works/internal-audit-and-organizational-performance-in-selected-manufacturing-companies-in-mogadishu-somalia >.
Consults, Education . "Internal Audit and Organizational Performance in Selected Manufacturing Companies in Mogadishu Somalia" Afribary (2022). Accessed November 14, 2024. https://tracking.afribary.com/works/internal-audit-and-organizational-performance-in-selected-manufacturing-companies-in-mogadishu-somalia