External audit on the work performance of public financial institution: a case study of people’s bank of Zanzibar
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Date
2010-09
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
This research investigated the effect of external audit to the performance of People’s
Bank of Zanzibar (PBZ) from 2004 to 2008. The specific objectives of the research were
to determine the relationship between work performance and PBZ, external audit
performance and PBZ and independence of external audit and efficiency and
effectiveness of PBZ. The study was contacted at People’s Bank of Zanzibar (PBZ)
situated along Benjamin Mkapa Road, Western Region, Town District, Zanzibar and it
covered period of one year that is, from April 2009 to April 2010.
In the literature review, theories were used to support the study and concepts linked
and analyzed to bring a conceptual framework. In the research methodology, the study
employed a simple descriptive survey design where both qualitative and quantitative
approaches were employed and study population consisted of management of the
bank, bank employees, bank’s clients and 45 respondents were sampled through simple
random and purposive sampling techniques. Both questionnaire and interview methods
were used to collect data and the researcher followed all the research procedures on
ground besides respecting all the ethical and logistical considerations of research. Both
qualitative and quantitative approaches were also used to analyze data.
The findings of the study reveal that the effect of external audit work performance,
competence, and independence at PBZ have led not only to improved performance of
the bank but also its growth and development. Due to some of the areas of weaknesses
Description
A Thesis Presented to the School of Postgraduate Studies and Research Kampala International University Kampala, Uganda in Partial Fulfillment of the Requirements for the Degree Master of Business Administration
Keywords
External audit, Work performance, Public financial institution, People’s bank, Zanzibar