Internal audit and reliability of financial accountability in local governments in Uganda: a case study of Amolatar district local government
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Date
2017-08
Authors
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Publisher
Kampala International University, College of Economics & Management
Abstract
The study was carried out on internal audit and reliability of financial accountability in local governments in Uganda looking at Amolatar District Local Government as the cave study The objectives of the research were to investigate the level of internal audit, examine the level of accountability of public finances and establish the relationship between internal audit and financial accountability in Amolatar District Local Government. The study adopted a cross sectional research design to collect data from respondents and targeted 15 respondents from accounts and finance department. 10 from internal audit. another 10 from procurement and
stores department. 6 from budgeting and planning department and 4 departmental heady also known as key informants. Findings revealed that the L4 department of ADLG is still weak since audit staff lack adequate competent skills and resources to conduct audit.t Findings also showed that accountability for public finances in Amolatar District Local Government is characterized by untimely reporting,lack of concern ,for value for money while incurring expenditures and poor quality documentation. Pearson ‘A’ correlation results revealed ci
significant positive strong relationship between IA and financial accountability in Amolatar District Local Government. However the predictor ff accountability in Amolatar District Local government was found to he competence of audit staff’ and availability of resources for conducting audit.v. Basing on the research findings ,there is therefore need for ADLG management to improve on the competence of their internal auditors and also to establish accountability requirements with strict penalties for failure to account for public fund so as to
attain an improved level of financial accountability
Description
A research report submitted) to the college of economics and management in partial fulfilfment of the requirements for the award of degree of bachelor of business administration of Kampala International University
Keywords
Internal audit, Financial accountability, Local governments, Amolatar district, Uganda