Internal Auditors Placement, Recognition and Independence in Ghana: Evidence from Metropolitan, Municipal and Districts Assemblies in Central Region

Abstract

The paper focused on exploring the level of internal auditors’ (IAs) placement and recognition and the implications of their independence. The paper employs data from metropolitan, municipal and district assemblies (MMDAs) in Central Region of Ghana. This paper was conceived from the call to strengthen IAs’ independence to facilitate their effectiveness. Three objectives were deevlped from the problem statement. Quantitative analytical procedure was used coupled with survey design. Mean scale and regression analysis was adopted in this paper. It was found that the threat to IAs’ placement is high resulting in low perceived placement. It also emerged that the level of recognition of IAs is threatened as evidence by low level of recognition. The inferential evidence showed that IAs’ placement and recognition significantly determine the level of IAs’ independence. It is recommended that IA units should be restructured both by legislation and in practice to cure the lapses in IAs’ placement and recognition in order to improve IAss’ independence.

Keywords: Internal Auditors; Internal Auditors Placement, Internal Auditors Recognition and Internal Auditors Independence

DOI: 10.7176/RJFA/11-8-01

Publication date: April 30^th 2020