Audit Standards ‘Compliance and Efficiency of Government Agencies in Rwanda: A Survey of Government Agencies

Abstract

This study assessed audit standards 'compliance and efficiency in government agencies in Rwanda: The specific objectives of this study were to assess the level of compliance with the international audit standards government agencies, to assess the level of efficiency in government agencies of Rwanda, to determine the relationship between audit standards’ compliance and government agencies efficiency. A Cross sectional research design was employed to analyze data collected from questionnaires administered to planners, accountants, and internal auditors of government agencies surveyed. Data was analyzed using the Statistical Package for Social Scientists (SPSS). Results show that government agencies comply with audit standards, but internal controls are not so strong to ensure compliance with the audit standards. In other results, findings show that the level of efficiency is still in government agencies. Finally, compliance with audit standards strongly and positively improve government agencies efficiency. A break-down of the effects of sub-components of compliance show that more efficiency is achieved through compliance and integrity and reliability of financial information provided. Results from this study have Policy and academic implications. This study adds to the growing literature on audit standards by contextually assessing the level to which the audit standards affect the compliance and efficiency in government agencies.