Effectiveness of technical audit in the power sector: A case from a developing country

Abstract

The paper examines the level and the factors that influence the effectiveness of technical audit in the power sector of Malawi from the perspective of auditors and auditees. Data was collected through a questionnaire that was analyzed using bivariate and multivariate statistics. Further to that, complementary data to measure the level of effectiveness was also collected and analyzed using the effectiveness calculator. Results show that the level of effectiveness of technical audit is low. Bivariate and multivariate analyses suggest that management support, organizational independence, and audit quality individually and collectively significantly influence the level of technical audit effectiveness.