Internal control and performance of Commercial Banks in Uganda: A case study of Stanbic Bank (U) Limited, City Branch Kampala District-Uganda
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Date
2013-08
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Economics and Management Sciences
Abstract
The study examined internal control systems and the performance of commercial
banks in Uganda with a case study of Stanbic Bank (U) Ltd which has population
of 268 employees and clients in all departments from which a sample size of 158
respondents who were randomly selected. The study was quantitative since the
major findings from the field were descriptively presented through the use of
tables ar1d graphs for easy understanding and interpretation.
The study had three research objectives and questions which included;
investigating the effects of internal control system on the performance of Stanbic
Bank (U) Ltd, determine the different types of internal control systems, and
establishing the relationship between internal control system and performance of
Stanbic Bank (U) Ltd.
The female gender is the highest with 60%, 70% of the respondents were married,
most of lhc respondents were in the age group 26-36 with 28%, 68% were
reached the university, 29% were loan officers.
The findings also revealed that majority of the respondents with 40% were in the
Accounts and Banking, 80% said Stanbic bank has internal control systems, 84%
said internal control is directly related to the performance of the commercial
banks, 40% said protective internal control system is the commonest, 80 said
measures were being taken to solve the challenges faced in implementing ICS.
The researcher therefore recommended the following to realize the positive effects
of internal control system such as proper adoption of organization plan, control of
transaction, separation of accounting and custody of assets, and prevention of
fraud.
Description
A research dissertation submitted to the College of Economics and Management in Partial Fulfillment
of the Requirements for the Award of Bachelor's Degree in Business Administration of Kampala
International University.
Keywords
Commercial Banks, Performance, Internal Control, Stanbic Bank (U) Limited, Uganda