Internal audit and financial management in an organization (a case study Dokolo Town Council)

Abstract

The study is on the relationship between internal audit and financial management in an organization; a case study of Dokolo Town Council. The major objectives of the study included; to examine the technicality of internal audit; to examine the level of financial management; to establish the relationship between internal audit and financial management; to study population of the study were the administration, head of department, employees and the informant. The sources of data were both primary and secondary data collection using the questionnaire, interviews: data analysis was through both statistical and narrative methods. The finding shows that the principal governing internal auditing such as integrity, objectivity, confidentially and competence is not followed. Concerning the level of financial management the funding shows that this is not efficient. On the relationship the funding indicated that there is a significant and possible relationship between internal audit and financial management. The researcher recommended that the principle, governing internal auditing should be followed and addressed to and that internal auditors should be objective in carrying their work and should disclose all material facts known to them.