Internal audit function and financial performance of district in local governments in Uganda: a case study of Busia district local government
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Date
2018-07
Authors
Journal Title
Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
The overall aim of study was to examine the role of internal audit function on financial performance of district in local government in Uganda a case study of Busia district local government. The study was guided by the three objectives; to find out the role of internal audit on financial performance, to •examine the role of internal on non-financial performance of local government and to assess the role of internal Audit on managerial performance of public enterprises in Uganda at Busia district local government. Data was collected using questionnaire and interview guide and purposive sampling was used. Both qualitative and quantitative were used to analysis data; sample size of 45 respondents was used.
The study identified the role of internal audit on financial performance of local government in Uganda as; reduces risk of losing funds thus increase on profit, demonstrates accountability in use of public money, and improves organization performance and others. As regards to the role of internal audit on non-financial performance these included, helps managers in public sector to meet their responsibilities and better strategies to improve management. Examined the role of internal audit on managerial performance. The findings on this objective are as follows. Improvement in the process of stakeholder engagement, confo1mance with reporting requirement and helps management of the organization in its present and future growth respectively
The study came up with recommendations such as; There is need for allowing further training for the staff in the accounts sections and close supervision of the audit department on the activities of accounts and finance through regular audits and checkup, There is need for improvement in the procurement process and emphasis and there is need to emphasize the budgetary control measures to enable proper financial reporting of local government in Uganda at Busia District Local government.
Description
A Research Report Submitted To The College Of Economics And Management In Partial Fulfillment Of The Requirements For The Award Of A Bachelor Of Business Administration Of Kampala International University
Keywords
Internal audit function, Financial performance of district, Local governments, Uganda, Busia District Local Government