Abstract:
The purpose of this research study is to assess the impact of internal audit activities on
effective Managerial Control of Government Departments in Eastern Province- Sri
Lanka. The data were analyzed using descriptive and Statistical analysis such as
regression and correlation. The study is also aimed at finding the effect of internal
audit activities and respondents to enhance the good governance and transparency
system by producing necessary advice, suggestions to improve the effective
managerial control over the organizational productivity, to establish good and
effective internal control system.
The findings of the Statistical analysis identified that there was a significant negative
relationship between internal audit activities and the managerial control, reveals that
internal audit activities and their independencies are influencing effective internal
the management control system of the departments.
There is no doubt that this dissertation can be used as an effective tool of mechanism
to do the further analysis on internal audit activities in any sectors and strengthen to
‘improve the internal control systems of an entity.
The coefficient of determination of the contribution of Managing System to
Independence of Internal Audit the R*, value which was 0.371 Adjusted R? 0.364
Indicated a shared variation of about 37% between Managing System data and
Independence of Internal Audit data. That is, approximately 37% of the variances in
can be accounted for by Knowledge of Managing System. .
The MS component data show an ANOVA significance of 0.001 or one chance in
1000 of Type — I error implying that the data between Managing System and
Independence of Internal Audit are strongly correlated and there is a good model.
There was a significantly strong correlation between Audit Independence and
Independence of Internal Audit, this study performed correlation and regression
analysis, r = -0.86 p <0.001.
