Internal Auditors’ Position, Recognition, and Independence in Ghana: Evidence from State-Owned Enterprises

Authors

  • Sedrick Samuel Amar Ofosuhene College of Mechanical and Electrical Engineering, Nanjing University of Aeronuatics and Astronautics, Nanjing, China.
  • Diana Delali Amaglo College of Economics and Management, Nanjing University of Aeronuatics and Astronautics, Nanjing, China.
  • Baah Noah Kwaku College of Computer and Information Engineering, Hohai University, Nanjing, China.
  • Saah, Raymond Deku Gulou School of Clinical Medicine, Nanjing Medical University, Nanjing, China.
  • Susuana Araphua van-Brocke College of Nursing, Volta River Authority, Ghana.

DOI:

https://doi.org/10.20448/2002.112.55.66

Keywords:

Internal auditors, Placement/position, Recognition/respect , Internal auditors’ independence.

Abstract

The paper focuses on exploring the level of internal auditors’ (IAs) placement/position and recognition/respect and the implications of their independence. Data from the state-owned enterprises (SOEs) in Ghana were used. This paper was conceived from the call to strengthen IA independence to facilitate their effectiveness. Three objectives were developed from the problem statement. A quantitative analytical procedure was used coupled with a survey design, and a mean scale and regression analysis was adopted. It was revealed that the threat to IAs’ placement is high resulting in low perceived placement. It was also found that the level of recognition of IAs is threatened as evidenced by a low level of recognition. The inferential statistics indicate that IAs’ placement and recognition significantly determine the level of IAs’ independence. It is recommended that IA units should be restructured both by legislation and in practice to cure the lapses in IAs’ placement and recognition in order to improve IAs’ independence in state-owned enterprises.

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Published

2021-06-07

How to Cite

Ofosuhene, S. S. A., Amaglo, D. D., Kwaku, B. N., Deku, S. R., & van-Brocke, S. A. (2021). Internal Auditors’ Position, Recognition, and Independence in Ghana: Evidence from State-Owned Enterprises. Journal of Accounting, Business and Finance Research, 11(2), 55–66. https://doi.org/10.20448/2002.112.55.66

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Articles