Internal Auditing and Financial Performance of Soft Drink Industries in Uganda; A case study of Coca-Cola Bottling Company Namanve Mukono District.
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Date
2018-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management Sciences .
Abstract
Performance requires appropriate internal audit practices to enhance efficiency. For the purpose of this study the researcher sought to determine the effectiveness of internal audit
practices on financial performance of soft drink industries in Uganda; a case study of CocaCola
bottling company Namanve in Mukono district. Internal audit was looked at from the
perspective of internal audit practices, internal controls and monitoring, risk management. The
researcher administered a survey questionnaire to each member of the target population since
it was the most appropriate tool to gather information. Quantitative analysis and correlation
analysis were used as data analysis technique. Descriptive statistics such as frequency
distribution and percentages were used in r!ze analysis of data. Data presentation 1vas done by
use of tables for ease of understanding and inte1pretation. From the .findings, the study
concludes that internal audit standards, independence of intemal audit, professional
competency and internal control fwd a positive relationship with financial pe1jormance at
Coca-Co/a bottling company Namanve in J\1ukono district, the study found that a unit increase
in internal audit standards would lead to increase in financial pe1jormance of Coca-Cola
bottling company in Namanve-lvfukono district, a unit increase in independence of internal
audit would lead to increase in financial pe1[ormance of Coca-Cola bottling company Namanve
in /l!fukono district. The study recommends that Coca-Cola bottling company in Namave,
Mukono district should adopt effective internal audit practices such as internal auditing
standards, independence of internal audit, professional competency and internal controls to
enhance better financial performance characterized with efficiency in order to promote better
financial management within Coca-Cola bottling company Namanve in Mukono district
Description
A research report Submitted to the College of Economics and Management in Partial Fulfillment of the Requirements for the Award of a Degree of Bachelor of Business Administration (Finance and Accounting) of
Kampala International University.
Keywords
Internal Auditing, Financial Performance, Soft Drink Industries, Coca-Cola Bottling Company Namanve, Mukono District