Evaluation of Internal Audit Effectiveness: An Examination of its Factors and its Determinants in Selected

Organizations in Pampanga

Internal Audit Effectiveness Survey 2018

As part of my requirement as a student of DLSU (De Lasalle University) under Master of Science in Financial
Engineering (MSFE) we are required to conduct a research in our Methods of Research course. I am an Internal Auditor
myself at RDF Feeds, Livestock & Food Inc., (RDFFLFI) and I am interested to take a look at the factors that
influence interbal audit effectiveness

The Attached questionnare is designed to collect important information about the factors that influence "Internal Audit
Effectiveness" to selected organizations around Pampanga. Questionnares were designed to collect
information that will result to increased understanding of how effective Internal Audit Function in your organization.
The analysis of the questionnare will be processed by myself and will be solely used for educational purposes

The questionnares are divided into two (2) parts. The first part contains the professional demographics of the
participants. The second part contains questionnare which relates to internal audit effectiveness divided into five
sections containing statements regarding (1) internal audit effectiveness, (2) quality of internal audit, (3)
competence of internal audit team, (4) independence of internal audit, and (5) management support

Rest assured that the survey procedures was designed to ensure your anonymity. All reports will be based on data
aggregated so that it will not be possible to identify any individual respondent. I look forward to receiving your
completed questionnares within five (5) days from receipt of this documents. Kindly note that this study is not aimed
at identifying the "good" and the "bad" but rather to identify the factors that drives Internal Audit Effectiveness

Please email completed survey directly at marlonangustia87@gmail.com.ph

Thank you for your assistance in this important study.

The Researcher
Name : Marlon A . Aguas, CPA
Profession: Internal Auditor
School: DLSU
Program: MS Financial Engineering
om.ph
Part 1: Professional Demographics of the particpants

Please be aware that your responses to the questionnares are completely anonymous - responses
will not be attributed to any individual or organization. All reports will be based on the data aggregated.
Thank you in advance for devoting your time and providing your candid input

Kindly put a check (/) on the space of your choice.

1. Gender Male 5. Work Experience

/ Female / <5
5-10
2. Age / <30 10-20
31-40 >20
41-50
>50 6. Industry
BPO
3. Level of Education Retail
High School Gaming
/ Baccalaureate Degree Hospitality and Leisure
Graduate Studies Real Estate
Doctorate Manufacturing
Energy and Automotive
Shipbuilding
/ Others please specify

Name of the Organization: _____ ZAMBANK

 Internal Audit Effectiveness Survey 2018

Please be aware that your responses to the questionnares are completely anonymous - responses
will not be attributed to any individual or organization. All reports will be based on the data aggregated.

Thank you in advance for devoting your time and providing your candid input

Kindly put a check (/) on the space of your choice.

Strongl Neutra Disagr

Agree
y Agree l ee

5 4 3 2
I. Statements regarding internal audit effectiveness
1 Internal audit ensures that it adds value to the business /
2 Internal audit improves department performance /
3 Internal audit improves organizational performance /
II. Statements regarding quality of internal audit
4 Established internal audit's objectives were accomplished /
5 There is communication between external and internal audit /
6 Internal audit's work was efficiently performed /
7 internal audit findings are correctly justified
8 Internal audit's recommendation can be easily implemented
9 Internal audit report is accurate
III. Statements regarding competence of internal audit team
10 The professional knowleedge of an auditor is high
11 Internal auditors are considered as professional
12 Internal auditors are proactive
13 There is communication between internala auditors and auditees
14 Internal auditors attend educational seminars for continous training
15 Internal auditors has adequate education
IV. Statements regarding independence of internal audit
16 Internal audit report to the highest level within the business
17 Internal auditors have unrestricted access to all departments and
employees in the organization
18 Internal audit participates in the development of the company
pocesses

V. Statements regarding management support

19 Senior management supports internal audit personnel
20 Internal audit department is large enough to efficiently carry out its
duties

21 Senior management is aware of internal audit's needs

Signature over name of Evaluator Position
Strongl
y
Disagre
e

1
Position