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Internal audit and enterprise risk management in financial institutions in ghana.

A thesis submitted to the department of accounting and finance, school of business, kwame nkrumah universityof science and technology in partial fulfilment of the requirements for the award of the degree of master of science in accounting and finance

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Main Author: Ekow Duku Colerangle
Format: Thesis
Language:English
Published: KNUST 2024
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access_status_str Open Access
author Ekow Duku Colerangle
author_browse Ekow Duku Colerangle
author_facet Ekow Duku Colerangle
author_sort Ekow Duku Colerangle
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description A thesis submitted to the department of accounting and finance, school of business, kwame nkrumah universityof science and technology in partial fulfilment of the requirements for the award of the degree of master of science in accounting and finance
format Thesis
id oai:ir.knust.edu.gh:123456789/15007
institution KNUST (Ghana)
language English
last_indexed 2026-06-10T12:31:22.621Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana)
publishDate 2024
publishDateRange 2024
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source_str KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana)
spelling oai:ir.knust.edu.gh:123456789/15007 Internal audit and enterprise risk management in financial institutions in ghana. Ekow Duku Colerangle A thesis submitted to the department of accounting and finance, school of business, kwame nkrumah universityof science and technology in partial fulfilment of the requirements for the award of the degree of master of science in accounting and finance The study’s aim is to assess the impact of internal audit functions on enterprise risk management focusing on financial firms in Ghana, specifically Greater Accra. In this study, 286 questionnaires were distributed by using stratified sampling technique, which entails dividing the banks, insurance companies, and capital market brokerage into distinct strata. After which 260 useable questionnaires were deemed suitable for analysis. Multiple regression analysis was used to test the study's hypothesized relationships. The findings demonstrated a significant enterprise risk management practices within the financial institution in Ghana. The finding implies that ERM is a holistic approach to managing risks across an entire organization. In financial institutions, ERM encompasses the identification, assessment, and mitigation of various risks, aligning risk management strategies with the institution's objectives. The findings showed that internal audit functions is positively and significantly connected to enterprise risk management of financial firms in Ghana. The results implies that internal audit acts as an independent and objective assurance function within an organization. Its primary role is to assess the effectiveness of risk management processes and controls. The study adds to a less researched area of internal audit functions and enterprise risk management practices, by investigating the internal audit and enterprise risk management in financial institution in Ghana. The results of the study highlight the enterprise risk management practices in financial firms, as well as the effect of internal audit functions on enterprise risk management practices in financial firms 2024-01-10T11:50:57Z 2024-01-10T11:50:57Z 2023 Thesis https://ir.knust.edu.gh/handle/123456789/15007 en application/pdf KNUST
spellingShingle Ekow Duku Colerangle
Internal audit and enterprise risk management in financial institutions in ghana.
title Internal audit and enterprise risk management in financial institutions in ghana.
title_full Internal audit and enterprise risk management in financial institutions in ghana.
title_fullStr Internal audit and enterprise risk management in financial institutions in ghana.
title_full_unstemmed Internal audit and enterprise risk management in financial institutions in ghana.
title_short Internal audit and enterprise risk management in financial institutions in ghana.
title_sort internal audit and enterprise risk management in financial institutions in ghana
url https://ir.knust.edu.gh/handle/123456789/15007
work_keys_str_mv AT ekowdukucolerangle internalauditandenterpriseriskmanagementinfinancialinstitutionsinghana