Institute of Distance Education

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http://41.63.25.24:4000/handle/123456789/4936

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Browsing Institute of Distance Education by Subject "Accounting."

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    Evaluation of internal control system and audit function in local authority sector: a case study of Lusaka city council.
    (The University of Zambia, 2022-06-21) Chipasha, Anthony
    This research was done with the purpose of evaluating the internal control system and internal audit function of Lusaka city council in ensuring good performance of LCC. The following are the objectives. To examine the effectiveness of the internal control system and audit function in LCC. To identify any controls that helps the performance of local authority. To establish the relationship between the internal controls system and performance of LCC. The study population was 63 out of these a sample of 57 individuals was selected by employing purposive and simple random sampling techniques because of their knowledge or information of the study. The study population was finance department, human resource and administration, political leaders, internal audit unit, members of the finance account committee. The descriptive case study method was employed to describe the characteristics of the research variables; the design provides an opportunity to obtain responses which are more accurate and factual. Independent variable and the dependent variable were discussed together with the problems hindering the internal control system and audit function of local authority. Conceptual frame work that reflected the variables whose relationship was studied was developed. The mixed methods approach combines both qualitative and quantitative approaches simply for collecting and analyzing data but involves the application of both approaches in parallel in order to strengthen the study. Findings reveal that internal control systems have direct influence on the performance of the Lusaka city council, and indicate a positive relation between internal controls and performance of the local government. A perfect internal control system leads to better services delivery The findings indicate that inappropriate control elements of Control Environment, Risk Assessment, Information and Communication, Control activities and Monitoring may lead to the weak internal controls system. This implies that the more sound the Internal Control Systems are adhered too, the higher the chances that local authority will achieve better performance.
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    An investigation of factors that contribute to qualified external audit reports at the university of Zambia.
    (The University of Zambia, 2022-06-20) Sibalwa, Geofrey
    This research sought to investigate factors that contribute to qualified external audit reports at The University of Zambia. The researcher used questionnaires through the Survey Monkey software and the interview schedules to collect data. There were 50 questionnaires distributed and 50 were received, giving a response rate of 100%. The researcher used UNZA Management, Accounting and Auditing staff as respondents. A descriptive study approach was used. There are a lot of factors that lead to qualified external audit reports at UNZA. These are; lack of supporting documents for expenses, lack of bank confirmations, differences between the bank reconciliations and the trial balance. Other factors are low level of professional competence and negative attitude towards work, inadequate accounting staff and lack of motivation among the subordinates. The research proposed recommendations which could be used to mitigate the qualified external audit reports at the Institution. These are; to adopt ICT system and an accounting package that will be able to produce all the necessary accounting and financial reports, to improve on vouching, filing and record keeping for both financial and non-financial records. Other recommendations are continuous training and mentoring of both accounting and non-accounting staff, management to improve staff welfare by ensuring adequate staffing levels as well as introducing incentives to keep staff motivated.