An evaluation of the role of internal audit in organizational performance case study of national water and sewerage co-operation
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Date
2006-08
Authors
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Publisher
Kampala international international: College of Economics and Management
Abstract
National Water and Sewerage Corporation like many Organizations has experienced a rapid growth in size and this has called for the re-shaping of the concept; scope and application of modern companies auditing operations. The internal audit function reviews the control processes designed by management to ensure the reliability and integrity of information, compliance with policies and regulations safe guarding of assets economical and effecting use of resources. The research work was to evaluate the role of internal audit in strengthening internal control systems in an organization, and eradicate the role played by internal audit in decision-making process and examine the relationships between internal auditing standards; and directors in relation to the organization’s performance. The study was conducted in National Water and Sewerage Cooperation Entebbe Branch. Data was collected and summarized and the following were the findings: in NWSC, only top Managers are involved in decision-making processes as such, internal auditors are also consultants. Financial reports were made properly by the internal auditors and certified by the Auditor general, as recommended by section 15 of the public enterprises reform and divestiture statue 1993. In line with the findings, the following recommendations were proposed: MBO. The technique is a way of setting goals and objectives as well as making decision including everyone in the organization and follow-up procedures in case where management fail to act up recommendations given to it by the internal audit. Also follow up procedures where internal audit should remind management, then as for an explanation for not taking action.
Description
A research report submitted to Kampala international university, school of business and management in partial fulfillment of the requirements for the award of degree of bachelor of business administration
Keywords
Business administration, Internal audit, Organizational performance, National water and sewerage co-operation