The role of internal audit function on the revenue growth:

Abstract

The study examined the Role of Internal Audit Function on revenue growth. The study employed both qualitative and quantitative research approaches. A sample size of 80 respondents were purposively selected from the study area and the data were gathered through questionnaires and interviews. Analysis of data was done through descriptive statistics for quantitative data and content analysis for qualitative data respectively. The findings revealed that MORUWASA revenue collection were affected by internal audit functions and the study recommended that internal audit needs to understand the expectations of its primary stakeholder’s senior management and the audit committee and align its activities accordingly. Internal auditors need to deal with more and more financial data, developing new auditing procedures and using the new technology and evaluation methods are clearly in need, such as: sampling audit, feasibility study, and computer-assisted audit.