Research Proposal for Internal Auditor Essay

IntroductionThe responsibility of the internal audit is to serve the Ministry of Justice in a manner that is consistent with the pecuniary Administration and analyse Act, Standards for the Professional Practise of home(a) studying and with professional standards of conduct. This activity has the potential to provide hitherto uneven services to management in the conduct of their duties.Background of StudyThe governing of Jamaica established the Internal Auditing Agency as a mean of strengthening answer adequate to(p)ness and reinforcing trust and confidence in financial reporting for public sector institutions. These audits help enhance economic prosperity, expanding the variety, number and value of transactions by means of written reports or consultations to prep atomic number 18 persons who are entering into transactions. ( get of Chartered Accountants 2005) The value of an Internal Auditor lies in how well he/she is able to contribute to the general achievement of the orga nisations objectives.The auditor should always strive to make himself relevantto the ogranisations using the proper methods of providing information to that will allow management make decisions that will impact the makeup positively on their ability to achieve organisational goals. However according to the reports made by the Auditor General of Jamaica (2005) audits have been restrictive in terms of scene with the lack of technology in aiding auditor and fraud. This needs to be addressed if the required return on investment in the Internal Audit is to be attained. task StatementThe Internal Audit Agency (2006) believes that the importance of internal audit is analytically obscure. This belief plagues the importance of an internal audit as a key survive that can strengthen the oversight responsibility of the governing body and this attitude reflects managements view on auditors. To sum it up, creation Sector agencies discredit auditors, The Internal Audit functions in the Jamaica n public sector faces a perception and credibility problem as auditors are seen as value adders or fault finders in the government rather than solution providers. Management Question Why is it that public sector managers find the function of the Internal Audit Agency an inconvenience and what can be done to curb it? look into Questions1. Why is there a low support for Internal Audit by Public Sector Managers? 2. What steps should be put in place in order to get the support of management for Internal Auditing in the Public Sector? 3. Is there a comparison between the quality of service the Internal Auditor provides for his organisation and the attitude of managers towards the Internal Audit function? Hypothesis The quality of service provided by the Internal Auditors for their organization is in no way related to the attitude of managers towards the function of the Internal Audit.Objectives1. Examine the factors that are responsible for the low support of the Internal Audit by manage rs of the Public Sector institution. 2. Identify specific actions required to secure support of managers for the Internal Audit 3. Establish the relationship between quality of service and support of managers for Internal Audit Significance of StudyThe significance of the study will be to1. figure the Agency to the Jamaican public not as evaluators but future planners 2. Improve the public understanding of the Agencys role in the government 3. To show that the agency aids organizations in achieving their goals and objectives.MethodologyAreas covered in this section include research design, population, sample and sampling techniques, data collection and analysis. Research Design The design will involve evaluating the role of the Internal Auditors in the governance of the organisations in the public sector. This research is designed to validate the objectives set reveal by the tec.PopulationThe public sector of Jamaica is probably the largest employers of internal auditors. These i nstitutions involve several organisations including ministries, departments and agencies (A). It also includes metropolitan, municipal and district assemblies (B). The targeted population for the study would include1. Directors and managers2. Financial officers, coordinating directors and staff3. Staff and heads of the audit departmentsSampling and Sampling TechniqueThe researcher will adopt the survey type of research in which a sample from the target population will be used for the study. A total of 150 elements will be selected from a target population of 500. The details are as follows* 20 directors and 5 managers* 30 coordinating directors and 15 financial officers* 60 staff members and 10 heads of the audit departmentIn this research, the researcher will adopt a multistage stratified sampling method to select elements. -The population will be separated accordingly into (A) and (B), as shown above. -Elements in root (A) are the Ministries, Departments and Agencies -Elements i n group (B) are the Metropolitan, Municipal and Districts. This separates them to allow the research information to be more coherent and shows that their operations are significantly different. info CollectionThe focus of this data collection is to show the attitudes and perception and the importance of primary data. Secondary data will also be collected to strengthen the data collected. The researcher will have to provide the Public sector institutions with an introductory letter explaining the reason for the research with proper identification and request consent. The initial visit to selected institutions would be to familiarize himself with those institutions and members within the institutions .Data Collection InstrumentA questionnaire will be the instrument used in retrieving the Data. It would include structure questions segregated into 4 sections. Section 1, Section 2, Section 3, Section 4. * Section 1 will consist of questions pursuance to answer the first research quest ion * Section 2 will consist of questions seeking to answer the second research question * Section 3 will consist of questions seeking to answer the third question * Section 4 will consist of questions to test and validating the hypothesisData compendiumThe answered retrieved from the questionnaire will be graded in each section and a percentage will be formulated.LimitationsThe researcher may not be able to cover all the institutions over Jamaica. Institutions may not allow the researcher to conduct research on the organization.References* The Institute of Internal Auditors (the IIA). (2007),The Professional Practices Framework.Florida, U.S. The IIA Research Foundation.* Institute of Internal Auditors (2010) Role of Internal Audit, South Africa * Cahmbers, R. Internal Auditor Chambers on the Profession (2012) Dilemmas Every Internal Auditor Will Face, http//www.theiia.org/blogs/chambers/index.cfm/ sway/Five%20Dilemmas%20Every%20Internal%20Auditor%20Will%20Face * Ministry of Justic e, http//www.moj.gov.jm/internal_audit * Auditor Generals Department of Jamaica, Annual Report 200, http//www.auditorgeneral.gov.jm/Table of ContentsIntroduction 2 Background of Study 3 Problem Statements 4 Management question, Research Question and Hypothesis 4 Objectives and Significance of study 5 Methodology 6 Research Design andPopulation 6 Sampling and Sampling Technique 7 Data collection, Data Instrument, Data analysis and Limitations 8 References 9