The role of internal audit on organizational performance of public enterprises in Uganda: a case study of UBC.
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Date
2017-07
Authors
Journal Title
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Publisher
Kampala International University.College Of Education
Abstract
The overall aim of study was to examine the role of internal audit on organizational perf01mance of public enterp1ises in Uganda a case study of UBC. The study was guided by the three objectives; to find out the role of internal audit on financial perfonnance of public enterprise in Uganda at UBC, to examine the role of internal on non-financial performance of public enterp1ises in Uganda at UBC and to assess the role of internal Audit on managerial perfonnance of public enterprises in Uganda at UBC. Data was collected using questionnaire and interview guide and purposive sampling was used. Both qualitative and quantitative were used to analysis data; sample size of 50 respondents was used. The study identified the role of internal audit on financial pe1fon11ance of public enterprise in Uganda as; reduces 1isk of losing funds thus increase on profit, demonstrates accountability in use of public money, and improves organization performance and others. As regards to the role of internal audit on non-financial performance these included, helps managers in public sector to meet their responsibilities and better strategies to improve management. Examined the role of internal audit on managerial performance. The findings on this objective are as follows. Improvement in the process of stakeholder engagement, conformance with reporting requirement and helps management of the organization in its present and future growth respectively. The study came up with reco1mnendations such as; There is need for allowing further training for the staff in the accounts sections and close supervision of the audit department on the activities of accounts and finance through regular audits and checkup, There is need for improvement in the procurement process and emphasis and there is need to emphasize the budgetary control measures to enable proper financial reporting of public enterprise in Uganda at UBC.
Description
Research report submitted to the college of Economics and Management in partial fulfilment of the requirement for the a ward of the bachelor of business administration Of Kampala International University
Keywords
Internal audit, Organizational performance, Public enterprises, Uganda