Compliance to Auditing Standards in the Ministry of Health Kampala, Uganda.
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Date
2009-09
Authors
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Publisher
Kampala International University, College of Economics and Management.
Abstract
The study determined the level of compliance to auditing standards in the Ministry of
Health. Auditing Standards in this context implied the general guidelines that aid auditors
in fulfilling their professional responsibilities in the audit of historical financial
statements. These standards were classified into three (3) major themes namely general
standards, fieldwork standards, and standard of reporting.
This review summarizes the literature on auditing standards and compliance levels in the
Ministry of Health. It also examines the factors affecting the application of auditing
standards in organizations. With the help of questionnaires, interviews, and observations,
various aspects were established to determine the extent of compliance in the ministry.
Some of these aspects included policies that have been formulated, amended, and
represented in parliament and above all, ensuring that standard conventions are promoted
to achieve accountability and the effective allocation and use of organizational resources.
In spite of all initiatives in place, international convention standards especially those of
auditing have not realized their goals to capacity, thus the study has also tried to provide
an analysis of the factors favoring and disfavoring auditing practices! standards in
organizations. Data management, none disclosure and late submission of assertions by
management seemed to be the major impediments of auditing practices and standards
within the organization.
In a bid to overcome all these, a number of recommendations have been made to increase
the effectiveness of international convention standards particularly the auditing standards
such as a centralized unit of managing internal auditors’ management and control to
promote independence and effective audit functions.
Description
A Thesis Presented to the School of Post Graduate Studies in Partial Fulfillment for the Award of the Degree of Masters of Business Administration (Finance and Accounting Option) of Kampala International University.
Keywords
Auditing, Ministry of Health, Kampala, Uganda