Department of Business and Management Studies

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Browsing Department of Business and Management Studies by Subject "Auditing"

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    Internal Auditing Practices and Public Financial Management in Local Governments: A Case Study of Mbale Municipal Council.
    (Uganda Martyrs University, 2011) Kironde, Sarah
    KIRONDE SARAH (2011-M104-40016) Internal Auditing Practices and Public Financial Management in Local Governments: A Case Study of Mbale Municipal Council This study that aimed at finding out the effect of Internal Auditing Practices (IAP) on Public Financial Management (PFM) was carried out in Mbale Municipal Council. Specifically, the study examined the effect of monitoring adherence to budgetary allocations on financial management, effect of compliance with legal provisions on financial management and, effect of adherence to record keeping on financial management in the Mbale Municipal Council. The study adopted a case study research design in which both qualitative and quantitative approaches were used. The data were collected from 85 respondents using structured questionnaires. These included heads of departments, technical staff and councilors. The sampling of respondents was done using the simple random sampling method. Data analysis was done using frequencies, means and regression. The study found out that 84.9% of the respondents agreed that monitoring adherence to budgetary allocations procedure laid down in Mbale Municipal Council was being done. However, it observed that the level to which it is done is low with the average mean value of 1.70. The study further found out that 88.7% of the respondents agreed that there was compliance with legal provisions/frameworks and revenue management in Mbale Municipal Council. From the regression findings, the value for the monitoring adherence to budgetary allocations was found to be 0.042 which is less than 0.05 (standard). This implied that there was a significant effect on financial management. On the other hand, the value for compliance with legal provisions was 0.125 which was greater than the standard meaning there was no significant effect while for record keeping, the value was 0.0 meaning there was a significant effect. The study concluded that there was a significant influence of the auditing practices on public financial management in Mbale Municipal Council. This means public financial management is influenced by auditing practices by more than 38%. This implies that there are other factors that affect public financial management and this is by approximately 62%. The study recommends among other things, that Mbale Municipal Council should try to engage staff more in the use of internal auditing practices, adhere to policies of the council, supervise them to be more committed to work, train them on issues of procedure so as to realise a more significant influence on public financial management and ultimately have better service delivery. Key words: Auditing, Internal, Financial, Management, Government, Local, Practice
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    The Role of Internal Audit in Financial Reporting: A Case Study of Mbale Municipal Local Government Council.
    (Uganda Martyrs University, 2010) Wasike, Sam, Mankind
    WASIKE SAM MANKIND (2010-M102-40041) The Role of Internal Audit in Financial Reporting: A Case Study of Mbale Municipal Local Government Council This study was about the role of internal audit in Financial Reporting. It focused on Mbale Municipal Local Government Council (MMLGC) as a case study. The study was guided by the following objectives; to examine the reliability of financial and other management information in MMLGC; to assess the effectiveness and adequacy of internal controls in MMLGC and to examine the level of effectiveness of accounting procedures in MMLGC. The researcher used a study population and sample size of 47 and 42 respondents respectively. The research design used in this study was both qualitative and quantitative where the researcher used case studies and surveys. The data collection instruments were questionnaires, interview guide and review of existing literature. Thus, both primary and secondary data sources were used. The findings of the study revealed that MMLGC had a weak internal audit function. Respondents revealed weak internal controls, inadequate training of staff, lack of segregation of duties, lack of integrity and reliability of financial and operational data, non-conformity with financial and operational policies, lack of monitoring, poor supervision, inadequate staff, inadequate modern technology, improper handling of receipts and mismanagement of funds. The study made the following recommendations based on the findings above: There is need for a strong internal audit function that includes strong internal controls, adequate training of staff, proper segregation of duties, integrity and reliability of financial and operational data, conformity with financial and operational policies, proper monitoring, adequate supervision, adequate staff, adequate modern technology, proper handling of receipts, and proper management of funds. Key words: Auditing, Internal, Financial, Reporting