Electronic Theses and Dissertations (Masters/MBA)

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Internal audit mechanism enabling Lesotho revenue authority leadership to achieve corporate goals
(University of the Witwatersrand, Johannesburg, 2021) Mothebe, Lekata; Wotela, Kmbidima; Gobind, Jenika
Purpose: The main purpose of the study is to examine how internal audit contributes to the achievement of corporate goals or objectives. The extent to which internal audit is independent is likely to determine the objectivity and quality of the audit reports this function issues. The research further investigates the relationship between internal audit and the leadership of the organisation. Methodology: The researcher used qualitative methodology to conduct this explanatory research. Semi-structured questions were developed, and interviews held with purposively selected participants to understand their views regarding the internal audit. Qualitative methodology does not require too many participants to make findings and conclusions, and therefore a sample of 15 people was selected for the interviews. However, only 12 participated. Findings: Internal audit is a tool or mechanism that leadership uses to evaluate the effectiveness and efficiency of processes across all departments. The work of the internal audit function becomes more valuable when it is engaged as strategic partner of the organisation. Presence of reliable risk management processes, strong control environment and good governance is a result of effective leadership.