The determinants of internal audit effectiveness in the public sector of Mozambique
Keywords:
Effectiveness of internal audits, public sector, public funds.Abstract
He overall aims of this study was to investigate the determinants of Internal Audit effectiveness in the public sector of Mozambique, specifically focusing on public funds between 2018 and 2022. The research centered on analyzing the internal audit department/area of public funds in Mozambique. Data was collected through structured questionnaires, yielding 38 responses from 10 public funds during the data collection period. Using descriptive statistics and linear regression model analysis, the results obtained highlight a linear relationship among three key variables: management support, organizational independence of internal auditors, and professional competence of internal auditors. Furthermore, it was observed that management support and professional competence of internal auditors have a positive influence on the effectiveness of internal audit in the public sector. However, the organizational independence of internal auditors did not demonstrate a significant positive relationship with Internal Audit effectiveness, nor a statistically relevant contribution. Collectively, these three independent variables explain 51.2% of the contribution to Internal Audit effectiveness in Mozambique's public funds. Despite the lack of significant impact from the organizational independence of internal auditors, the combined analysis of these determinants is crucial for identifying potential irregularities and adding value to Internal Audit effectiveness in public funds. These findings underscore the importance of management support and the professional competence of internal auditors, while emphasizing the need for further investigation into the organizational independence of internal auditors to further optimize Internal Audit effectiveness in the context of public funds. This research contributes to understanding the determinants influencing the effectiveness of internal audits in the public sector, providing valuable insights for auditing and management practices in Mozambique's public funds.
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