AN ANALYSIS ON THE APPLICABILITY OF RISK BASED INTERNAL AUDITING A CASE OF CROWNE PLAZA MONOMOTAPA HOTEL

ABSTRACT

This study sought to analyse the applicability of risk based internal auditing in Crowne Plaza

Monomotapa Hotel. The literature from different authors was reviewed concerning the

research topic. The main goal of this research was to analyse if risk based internal auditing

can be applied in the hotel, how can it be implemented and is there adequate staff and

resources for it to be implemented. The researcher used a descriptive design as a research

design. The researcher used stratified random sampling to determine the population and the

sample size. Questionnaires and interviews were the research instruments used to gather data

for the research. A sample size of 20 respondents was used in carrying out the research study;

the management, internal auditors and staff of the hotel were included in the sample. The data

was collected and analysed using tables, graphs and pie charts. Basing on the research

Crowne Plaza Monomotapa Hotel cannot implement risk based internal auditing since there

is no risk management framework though the hotel has other necessary resources. The

research recommended that the organization board should devise a strategy that will establish

the a risk management framework which will enable he hotel to implement risk based

internal auditing that can mitigate the risks being faced by the hotel.

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