INTERNAL AUDITING PRACTICES OF KINDO KOYISHA WOREDA FINANCE AND ECONOMIC DEVELOPMENT BUREAU, ETHIOPIA

This study is conducted to assess the internal audit practice in Kindo Koyisha Woreda Finance and Economic Development Bureau, Ethiopia. Internal auditing is an indispensable tool of the organization to achieve its objective of profitability and to evaluate and enhance its risk management, control, and governance procedures. In the present study, researchers attempted to identify the strength and weaknesses of the internal auditing practice of the organization. To assess this study the researcher uses the descriptive type of the research design and regarding the data are would be collected from both primary and secondary sources. Regarding the sample size, the judgmental or purposive sampling techniques would be used. The total population of the study is 53 from these the researcher select only 20 employees of the organization by using the purposive or judgmental sampling techniques .the internal auditor of kindo koyisha woreda finance and economic development have low understandings of the audit procedure detail accounting knowledge, and the employees of the organization did not understand the internal control of the organization. But the internal auditory of the organization has good work experience. Based on the above finding the researcher recommends the organization would have to hire CPA qualified auditors because they can match the audit activity with the current principle and standards and the organization to give periodic training for internal auditors about audit guidelines and principles by inviting high-level auditors.