Abstract:
The purpose of setting up an internal audit unit in an organization is to expose
or correct its material weaknesses to ensure that its specific goals and objectives
are achieved. This study therefore focused on the role of internal audit function
in the detection and prevention of material weaknesses in the Agotime-Ziope
District Assembly in the Volta Region of Ghana. The descriptive survey method
was used and data were collected through the use of questionnaires from a
sample size of 75. Data generated were analysed with descriptive and inferential
statistics. The study found that the Agotime-Ziope District Assembly does not
have improper supervisory policies or regulations to improve upon the
competency of staffs whilst performing an engagement, but rather, the archaic
method is used. Again, it found that there is no existence of audit work
schedules. Few logistics are provided to record the information obtained,
analyses made and conclusions reached during an audit. The study recommends,
among others, that Management of Agotime-Ziope District Assembly should
encourage staff to strictly adhere to the audit charter to avoid major or minor
deviations. Furthermore, Management of of Agortime- Zipoe District Assembly
should be in position to create a software to aid in checking their books of
account
