An Assessment of the Effectiveness of the Internal Audit at the University of Sierra Leone
DOI:
https://doi.org/10.33423/pjkqcq59Keywords:
higher education, Supreme Audit Institutions (SAIs), Fourah Bay College (FBC), College of Medicine and Allied Health Sciences (COMAHS), Audit Service Sierra Leone (ASSL), Organisation for Economic Co-operation and Development (OECD), University of Sierra Leone (USL)Abstract
Internal auditing is essential for evaluating and improving internal controls, risk management, and governance in government entities. By identifying weaknesses and recommending improvements, it enhances accountability, resource utilization, and public trust. Internal audits complement the work of Supreme Audit Institutions (SAIs), which provide independent external assessments of financial management, legal compliance, and stewardship of public resources. Together, they promote transparency, accountability, and effective public financial management. A robust control system supported by risk-based approaches and stakeholder engagement further strengthens governance and efficient resource use. This study employed a concurrent triangulation mixed-methods approach to assess the internal audit function at the University of Sierra Leone. Findings reveal that the internal audit department is inadequately resourced to perform its responsibilities effectively. Although segregation of duties and access to information are maintained, the department requires a functional audit committee, additional qualified auditors, and auditing software to improve operational effectiveness. Strengthening these areas will enhance governance, accountability, and the efficient management of public resources.
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