Internal control systems and financial performance of municipal urban councils in northern Uganda; a case study of Kitgum municipal urban council:
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Date
2019-09
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Publisher
Kampala International University, College of Economics and Management.
Abstract
This study investigated the Internal Com trot System that influenced financial performance FP,,1 in Municipal Urban Councils in northern Uganda: a case of Kitgum Municipal Urban council (KMUC2. The objectives of the study were: to explore the relationship between internal control activities and FP in K1vl(JC to find out how the internal control environment affects FP in KMFJC; a NATO assess the impact of auditing on FP in KMUG. A descriptive research survey design was adopted using both qualitative and quantitative methods. The study targeted 70 respondents but 58 returned the survey questions; abdicating a response rate of 83%. Strafed sampling’ techniques were used to select administrative staff and purpose sampling used to select political leaders and top-level administrators. Data analysis involved frequencies, percentages and inferential statistics such as correlations, and coefficient of determinations. Findings revealed a moderate positive relationship (0.271 ‘~) between internal control activities and FP; significant relationship between,z internal control environment and Fl’ (0.335*); and moderate positive relationship between audit and F? (‘0. 265*,~. The study concludes that internal control activities, internal control environment and audit positively affected F? in one way or the other. The study recommends that KMJJC should employ professional members of the institute of Certified Public Accountants of Uganda in the Internal Audit Department since 36.2% of the respondents opposed efficient staffing of the department which is the custodian of the ICS. The environment for the implementation of K5 should he improved by ensuring that Management is committed to the operation of the system,closely monitoring its implementation and giving feed back t’o the staff District Public Accounts Committee capacity should be built and their office properly facilitated to enable them follow up
infernal and report corrective measurement.
Description
a dissertation submitted to the college of economics and management in partial fulfillment for the requirements for the award of bachelor’s degree in business administration of Kampala international university.
Keywords
financial performance, Internal Control Systems, urban councils, Kitgum municipal