Internal auditing and performance of Local Governments in Uganda:

Loading...
Thumbnail Image
Date
2019-08
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
The purpose of this study was to establish the effectiveness of internal audit system in the performance of local governments in Uganda. The following were the objectives of the Study to establish how internal auditing helps Kaliro Local Government can improve on the control environment for better financial performance; to establish any information and communication system that helps to improve the performance of Kaliro Local Government and to identify the risks faced by internal audit unit in enhancing financial performance of Kaliro local governments The study used both descriptive and quantitative research designs. Descriptive method was used to describe the characteristics of the research variables. Quantitative method was used to collect data from a given number of respondents. Data was presented and analyzed using tables, percentages, frequencies and by the help of SPSS. On primary data collection, the researcher prepared questionnaires and interviews for the respondents. An open and close ended questionnaire was constructed and which was self-administered for respondents to fill, Open and closed ended questionnaire was used. Editing of collected data was done to make the data ready and simpler for the presentation. The filled questionnaires were edited to collect errors that are done by the study respondents. Data were edited in order to check for accuracy, completeness, consistence, uniformity and reliability of data. The researcher concluded that that control environment plays an important role of identifying the structure of the company with the involvement of board of directors and audit committee. Moreover, risk assessment is a fundamental element of organizational governance and should be perceived as a new means of strategic business management, linking business strategy to daily risks and then optimizing those risks in order to realize value. Information and communication was assessed by respondents as satisfactory; this implies that the local leaders can have the autonomy of determining how the money received from the central government can be planned, budgeted and put into proper use. Additionally, financial liquidity was handled well by the financially department in the local government and finally employee’s autonomy to work played an important role to the district’s development. The researcher recommended that recruit more qualified and trained staff in the finance section. Since time immemorial accountant& expertise has always been an important component of managing a company efficiently. An efficient accountant’s service plan necessitates that a business enterprise maintains appropriate accounting data files and documentation. This is undoubtedly an aid to effortless accounts preparation and processing.
Description
A Research Report Submitted to the College of Economics and Management in Partial Fulfillment for the Award of a Bachelor’s Degree in Business Administration, Accounting and Finance of Kampala International University
Keywords
Internal auditing, Local Governments, Kaliro District Local Government, Uganda
Citation