Internal auditing and accountability of public funds in Local Government: a case study of Mbarara District Local Government
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Date
2019-05
Authors
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Publisher
Kampala International University: College of Economics and Management
Abstract
Accountability of public funds requires appropriate internal audit practices to enhance efficiency. For the purpose of this study the researcher sought to determine the effect of internal audit and accountability of public funds in Local Governments in Uganda. Internal audit and accountability of public funds was looked at from the perspective of internal audit standards, professional competency, internal controls and independence of internal audit. The study selected one senior manager in the finance department. The researcher administered a survey questionnaire to each member of the target population since it was the most appropriate tool to gather information. Quantitative analysis and regression analysis were used as data analysis technique. Descriptive statistics such as mean, standard deviation and frequency distribution were used in the analysis of data. Data presentation was done by use of tables for ease of understanding and interpretation. From the findings, the study concludes that internal audit standards, independence of internal audit, professional competency and internal control had a positive relationship with accountability of public funds of Local Governments, the study found that a unit increase in internal audit standards would lead to increase in accountability of public funds of Local Governments, a unit increase in independence of internal audit would lead to increase in accountability of public funds of Local Governments, a unit increase in professional competency would lead to increase in accountability of public funds of Local Governments and further unit increase in internal control would lead to increase in accountability of public funds of Local Governments. The study recommends that management in Local Governments in Uganda should adopt effective internal audit practices such as internal auditing standards, independence of internal audit, professional competency and internal controls to enhance accountability of public funds in Local Governments.
Description
A research report submitted to the College of Economics and Management in partial fulfillment of the requirements for the Award of Bachelors Degree of Business Administration of Kampala International University
Keywords
Internal auditing, Accountability, Public funds, Mbarara District Local Government