Effect of Internal Audit on Financial Performance in Mbale District Local Government
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Date
2024-07-10
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Uganda Christian University
Abstract
This study was to examine effect of internal audit on financial performance in Mbale District Local Government. The study was guided by the following research objectives: To examine the effect of compliance audit on financial performance in Mbale District Local Government. To assess the effect of value for money audit on financial performance in Mbale District Local Government. To establish the effect of forensic audit on financial performance in Mbale District Local Government. This research was undertaken to establish the effect of internal audit on financial performance of Mbale district local government. The study adopted a descriptive research design and both qualitative and quantitative approaches were used as a way of triangulation. The population of study of 113 was selected from a study population of 160 using Krejcie and Morgan table (1970). The study findings showed that all the three dimensions that included compliance audit, value for money and forensic audit have a statistically significant effect on financial performance of Mbale District Local Government. In conclusion, the study conducted on the Mbale District Local Government in Uganda found that compliance audit, value for money, and forensic audit all have a statistically significant effect on financial performance. It is recommended that: The results suggest that effective financial management practices, including compliance with laws and regulations, maximizing value for money, and preventing and detecting fraudulent activities, can positively impact the financial performance of local governments. These findings align with previous research on financial performance in local governments in Uganda, which has highlighted the importance of effective financial management and accountability mechanisms. It is essential for local governments to prioritize financial management and
adopt comprehensive approaches to improving financial performance, including strengthening institutional capacity, enhancing accountability mechanisms, and improving revenue mobilization