The Role of Audit Committees in Enhancing Internal Control in MMDAs in the Brong Ahafo Region

Abstract

The study's objective was to test the role of Audit Committees in MMDAs in the Brong Ahafo Region. The study used the quantitative survey. A sample of 100 members of 20 selected MMDA ACs were chosen from a population of all 27 MMDAs in the Brong Ahafo Region. This entails examining MMDA risk management strategies and putting steps in place to prevent fraud, ensuring effective internal control systems, and ensuring that MMDAs comply with relevant laws, regulations and ethical standards guiding their operations. The results appeared to suggest that MMDA internal control systems are very effective in improving assembly budgeting and budgetary procedures, and in complying with relevant laws and regulations guiding assembly activities. To ensure the effectiveness of ACs in improving MMDA internal controls, it was suggested that their objectives, duties, and responsibilities be clearly defined before they officially begin their tenure. Also, since the work of ACs is heavily reliant on accounting and finance, it was suggested that AC members be chosen based on their expertise in these fields. Thus, the study seemed to support the importance of ACs in MMDA financial reporting and internal controls.