Internal audit and financial accountability in state ministry of local government Torit-South Sudan

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Kampala International University, College of Economics and Management
The purpose of the study was to evaluate the level of significant relationship between internal audit and financial accountability ofLocal Government at the State Ministry ofLocal Government South Sudan, the study objectives were; i) to evaluate the level of internal audit system of local government; ii) to assess the level of financial accountability oflocal government; iii) to determine ifthere is significant level of relationship between Internal Audit and financial accountability of local government. The population target of the study was 162, and Slovene formula was used to determine the sample size of 115, Purposive sampling was used to determine the level of education and experience of the respondents. And the statistical tools used for data collection were mainly self-developed questionnaires. Tools of data analysis used included :frequency count for determining the profile level of respondents, social package for social science (SPSS) descriptive statistics showing the mean and standard Deviation, Likert scale for response rating and Pearson linear correlation coefficient was used to test the null hypothesis, and the following findings were revealed: In objective one the findings were that internal audit influence financial accountability positively, and it is concluded that, Fair level of integrity, confidentiality and objectivity within Internal Audit Department in the State Ministry of Local Government yield fair fmancial accountability results. In objective two of this study, it was revealed that low level of going concern, Realization, consistency, and disclosure yield low level of financial accountability results at the state ministry of local government. In objective three it was also found that there is a significant relationship between Internal Audit and Financial Accountability of Local government (1=0.677, P<0.05). This mean that improving internal audit system will promote financial accountability at the state ministry oflocal government and the reverse is authentic. The recommended that the state ministry of local government should be able to strengthen the importance of going concern concept, realization, consistency and disclosure principles because these are key elements in detennine the quality of financial accountability with in an entity.
Thesis submitted to the College of Higher Degrees and Research Kampala International University Kampala, Uganda in partial fulfillment of the requirements for the Award of the Degree Masters of Business Administration-Finance & Accounting
Internal audit, Financial, Accountability, State ministry, Local government, Torit-South Sudan