Internal control and performance of Commercial Banks in Uganda: a case study of Equity Bank, Kabalagala Branch Kampala-Uganda
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Date
2011-01
Authors
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Publisher
Kampala International University: College of Economics and management
Abstract
The study sought to establish the role of internal control systems on the performance of commercial banks and was driven by three objectives. These were; to investigate the effects of internal control system on the performance of Equity Bank, to determine the different types of internal control systems used by Equity Bank and to establish the relationship between internal control system and performance of Equity bank. To achieve these objectives, the researcher sampled twenty respondents (20) from Equity Bank-Kabalagala branch. The research was guided by three research questions. The first research question sought to find out the relationship between internal control systems and the performance of commercial, research question two sought to find out the effects of internal control systems on the performance of commercial and the third research question therefore sought to find out the types of internal control systems used by Equity The findings revealed that; physical control over cash included sale, cash boxes. Most of the disbursements were made by cheques and the minor through petty cash fund. The recommendations to Equity Bank were; Proper adoption of organization plan, Control of transaction, Prevention of fraud, separation of accounting and custody of assets, prevention of fraud among others.
Description
A research dissertation submitted to the School of Business and Management in partial fulfillment of the requirements for the Award of Bachelor's Degree in Business Administration of Kampala International University
Keywords
Internal control, Performance of Commercial Banks, Equity Bank, Kabalagala Branch Kampala, Uganda