Browsing by Author "Sewanyina, Muniru"

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    Internal control systems and financial performance of savings and Credit cooperative societies in Bushenyi- Ishaka Municipality: a case of Sacco’s in Ishaka Division
    (Kampala International University, College of Economics and Management, 2018-11) Sewanyina, Muniru
    This study was about internal control systems and financial performance of SACCOs in Bushenyi-Ishaka municipality; a case study of SACCOs in Ishaka division. It was guided by three objectives which include; to find out the relationship between risk assessment and financial performance of SACCOs in Ishaka Division, to establish the relationship between control activities and financial performance of SACCOs in Ishaka division and to determine the relationship between control environment and financial performance of SACCOs in Ishaka division. The study adopted descriptive cross sectional and correlational designs with both quantitative and qualitative approaches. A total population of 122 was involved which included employees, supervisory committee, loan committee and board members from which a sample of 93 respondents were selected using Slovene’s formula. Out of 93 respondents, 90 respondents responded positively. Data was collected using questionnaire and interview guide and analyzed using descriptive statistics, chi-square and regression analysis for quantitative data and thematic analysis was used for analyzing qualitative data The study findings established a significant relationship between risk assessment and financial performance of SACCOs and a unit increase in risk assessment affect the financial performance of SACCOs in Bushenyi-Ishaka municipality by 15%, there was also a significant relationship between control activities and financial performance of SACCOs and control activities contributes 35.6% to the financial performance of SACCOs in Bushenyi-Ishaka municipality. Finally the study found out a significant relationship between control environment and financial performance of SACCOs and it contributes 20.7% to the financial performance of SACCOs in Bushenyi-Ishaka municipalityFrom the study findings, recommended that SACCOS in Bushenyi-Ishaka municipality should start investing in risk assessment, insure the risks of unpaid loans include communication as part of internal control systems, increase on supervision and put in place disciplinary committee to handle disciplinary issues.