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Effect of Internal Audit Practices on Operational Performance of Rwanda Development Board, Rwanda

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  • Gerardine Muhongayire

    (Masters student, University of Kigali-Rwanda)

Abstract

This research study highlights effect of internal audit practices on operational performance of Rwanda Development Board, 2019- 2021. The general objective of this research study was to analyze the effect of internal audit practices on operational performance of Rwanda Development Board, Rwanda. The specific objectives were to determine the relationship between auditor’s independence and the operational performance of Rwanda Development Board; To examine the relationship between staffing & resources and the operational performance of Rwanda Development Board; to establish the relationship between management support and the performance of Rwanda Development Board; to assess the relationship between due professional care &experience on the operational performance of Rwanda Development Board. The study reviews the existing literature in relation to the variables of this research study. The study adopted survey research design. During the whole research process primary has been used. Primary data were directly obtained from responses provided by the 62 employees of RDB selected from 85 populations. To attain the purpose of the study through the questionnaires. Findings revealed that more that 80% of the respondents are on positive side agreed that the internal audit practices have an impact on operational performance of RDB. Findings showed that there is indeed a strong positive relationship between internal audit and operational performance as a Pearson correlation coefficient of r = 1 and p = 1.48. Since r > 0.1, this implies that internal audit affects performance by 80% and 20% by other factors. From the discussion of findings, we can conclude that the quality of audit work has a significant positive effect on operational performance of RDB. The recommendations was that the board of directors and the management should ensure that recommendations given by auditors are implemented to achieve the set goals and for auditors to ensure that they issued the implementable recommendations.

Suggested Citation

  • Gerardine Muhongayire, 2023. "Effect of Internal Audit Practices on Operational Performance of Rwanda Development Board, Rwanda," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(2), pages 1427-1441, February.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:2:p:1427-1441
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    References listed on IDEAS

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    2. Aguirre-Bastos, Carlos & Weber, Matthias K., 2018. "Foresight for shaping national innovation systems in developing economies," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 186-196.
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