Internal Auditing and Financial Performance of Commercial Banks in Uganda; a Case of Centenary Bank, Adjumani Branch
| dc.contributor.author | Jamila, Umari | |
| dc.date.accessioned | 2019-12-18T12:23:37Z | |
| dc.date.available | 2019-12-18T12:23:37Z | |
| dc.date.issued | 2019-08 | |
| dc.description | A Research Report Submitted To the College Of Economics And Management in Partial Fulfillment of the Requirements for the Award of Bachelor’s Degree in Business Administration Kampala International Uganda. | en_US |
| dc.description.abstract | The study was set to examine the impact of internal auditing on financial performance of commercial banks in Uganda. The objectives nature of the internal auditing function financial performance of centenary bank, examine the challenges faced in the internal audit function in financial performance of centenary bank and determine the effect of internal audit function on financial performance of centenary bank. The study was conducted used a descriptive correlation design. This design was selected because the researcher intended to establish fuels that already existed as opposed to creating new information that would have necessarily ted experimental research. The data was collected from the respondents using the questionnaires from 50 respondents of the bank. The study conclude that that nature of auditing in the banks was coupled by the use of internal auditing standards suitable for auditing in the banks, the internal auditing standards are efficient to enable bank operations, bank periodically review the audit standards the bank periodically review the audit standards, professional audit competency. the study on the second objective conclude that a series of the factors challenges include degree of frauds and errors hinder effective auditing, high costs of auditing in the banks, operational challenges hinder effective operation of the bank, high degree of banking interruptions affect the auditing function. The third objective conclude that there is ned /br enhancing the communication within the organization, Increase effectiveness in credit control, improves marketing activities of the organization and detection of failures for redress in the organization. The study recommend that the management of commercial banks should keep organizing seminars and workshops whereby these internal auditors would be trained frequently by experts either internally or externally. Internal Auditors must have efficient proficiency and training to carry out the tasks assigned to them. The auditor~ work must be carefully directed, supervised and reviewed. The amount of supervision required corresponds to the experience and skill of the auditor. The management of the bank should keep organizing seminars and workshops whereby these internal auditors would be trained frequently by experts either internally or externally. Internal Auditors must have sufficient proficiency and training to carry out the tasks assigned to them. The auditor~ work must be carefully directed, supervised and reviewed. The management of the bank should also procure the latest ICT audit software s that would enhance fast delivery of services and detection of-frauds or any mischief in this field. | en_US |
| dc.identifier.uri | http://hdl.handle.net/20.500.12306/5527 | |
| dc.language.iso | en | en_US |
| dc.publisher | Kampala International University. College of Economics & Management | en_US |
| dc.subject | Internal Auditing | en_US |
| dc.subject | Financial Performance | en_US |
| dc.subject | Commercial Banks | en_US |
| dc.title | Internal Auditing and Financial Performance of Commercial Banks in Uganda; a Case of Centenary Bank, Adjumani Branch | en_US |
| dc.type | Other | en_US |