Internal audit function and accountability of public funds in local government; a case study of Mbarara district local government:
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Date
2019-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management.
Abstract
The study investigated the role of internal audit in the accountability of public funds in local
governments, case of Mharara district local government. The study was guided by the following
objectives; to study the nature of Internal Audit System in the accountability of public funds in
local government~, to investigate the nature of accountability of public funds in local governments
and to examine the relationship between the Internal Audit and accountability ofpublic funds in
local governments. Various methods were used to collect data from the respondents. The main
primary data collection methods used were questionnaires, Key informant interviews and Focus
Group Discussion (FGD) guides. Documentary sources were used as secondary data collection
method. Data analysis was done thematically with the use of computer package known as excel
and SPSS for tabulation and generation of tables, graphs and Pie Charts. From the study findings,
it was concluded that internal Audit has a great stake in the accountability of Public funds, in this
regard in local Governments because internal Audit is described as a consulting activity. The
implied situation being that all the stakeholders in the use of public funds have to be aware of the
nature of internal Audit. Internal Audit and accountability of public funds in local governments
were realized faced by a number of challenges such as Limited skills~ Political interference,
Limited number of employees, Low involvement, Limited independent, Low payments to
employees, Low level of Audit reports implementation, Limited corporation, No/less development
internal Audit Committee, However, these above challenges were established to have the following
remedies/ solution Improved skills through training, Political focused interaction, Increased
number of employees, Adequate independence, Improved involvement 4 Improved rewards,
Increased level of Audit reports, Improved corporation, Installation of developed internal Audit
committee
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 of business administration of Kampala international university.
Keywords
Internal audit function, Accountability, public funds