Browsing by Author "Namuyomba Evelyn & Tukesiga Godfrey"

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    ROLE OF INTERNAL AUDIT ON FINANCIAL PERFPRMANCE OF COMMERCIAL BANKS IN UGANDA
    (King Ceasor University, Institutional Repository, 2024-07-25) Namuyomba Evelyn & Tukesiga Godfrey
    Financial performance requires appropriate internal audit practices to enhance efficiency. For this study, the researcher sought to determine the role of internal audit on the financial performance of commercial banks in Uganda. Internal audit was looked at from the perspective of internal audit standards, professional competence, internal controls, and independence of internal audit. The researcher administered a survey questionnaire to each member of the target population since it was the most appropriate tool to gather information. 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 competence, and internal control had a positive relationship with the financial performance of commercial banks, a unit increase in professional competence would lead to an increase in financial performance of commercial banks and further unit increase in internal control would lead to increase in financial performance of commercial banks. The study recommends that management in commercial banks in Uganda adopt effective internal audit practices such as internal auditing standards, independence of internal audit, professional competence, and internal controls to enhance the financial performance of banks. Keywords: Internal Audit; Financial Performance; Commercial Banks