Assessment of the Effect of Internal Auditing in Improvement of Procurement Performance in Organization in Tanzania

Abstract

Procurement performance requires appropriate internal audit practices to enhance efficiency. For the purpose of this study the researcher sought to determine the effect of internal audit of procurement performance in organization. Internal audit was looked at from the perspective of internal audit standards, professional competency, internal controls and independence of internal audit. The study selected senior manager in the v procurement department. The researcher administered a survey questionnaire to each member of the target population since it was the most appropriate tool to gather information. Quantitative analysis and Qualitative analysis were used as data analysis technique. Descriptive statistics such as mean, standard deviation and frequency distribution were used in the analysis of data. Data presentation was done by use of tables for ease of understanding and interpretation. From the findings, the study concludes that internal audit standards, independence of internal audit, professional competency and internal control had a positive relationship with procurement performance in organization the study found that a unit increase in internal audit standards would lead to increase in procurement performance in organization, a unit increase in independence of internal audit would lead to increase in procurement performance in organization, a unit increase in professional competency would lead to increase in procurement performance in organization and further unit increase in internal control would lead to increase in procurement performance. The study recommends that management in should adopt effective internal audit practices such as internal auditing standards, independence of internal audit, professional competency and internal controls to enhance procurement performance in organization