Challenges of auditing practices

The main purpose of these studies to explore how the selected multipurpose cooperatives audit practices looks like and identification of the main audit challenges that affects audit practices in multipurpose cooperatives. To this end, answers to the basic questions pertaining to the possible causes of audit challenges, audit practices and the performance of respondents in the contribution of audit practice and challenges sought for. The research methodology employed in this study was descriptive survey. According to the survey, questionnaires, interview question items were prepared and administered to a sample of 85 respondents composed of 25 key informants (committees), 5 auditors, 5 promoters and 50 focus group discussions in which 10 members in each five selected multipurpose cooperatives. In aggregate 100% of the questionnaires were properly filled in and returned, and data analysis made according to respondents response.