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Effect Of Internal Audit On Financial Performance Of Co34mercial Banks In Uganda
[A CASE STUDY OF STANDIC BANK KANSANGA BRANCH] -
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i.3 nesearch Objective
The overall objective of this study was to establish the effect of internal audit on flnancial performance of Stanbic Bank Ishaka Branch.
1.3.1 Specific Objectives
1. To establish the extent to which professional competence of internal audit affect the financial effect performance of Stanbic Bank Ishaka Branch.
2. To establish the impact of monitoring and control activitles on performance of Stanbic Bank Ishaka Branch.
3. To determine the effect of risk management practices on performance of Stanbic Bank Ishaka Branch.
1.4 Research Questions
1. To what extent does professional competence of internal auditor affect the performance of Stanbic Bank?
2. Does a monitoring and control activity affect the performance of Stanbic Bank?
3. I-Iow does risk management affect performance of Stanbic bank Ishaka Branch?
1.5 Siq•nificance of the Study
1. This study will help in increasing the role and image of internal audit in commercial banks to make it more effective and professional.
2. It will help the shareholders appreciate the role of the internal audit as one of the most important managerial control systems in an organization required to safeguard their interests. “
3. The management of banks will be able to look for ways of making Internal Audit a completely independent function from the management thus making it more effective .By implementing reconwiendations given on the internal audit reports management will be able to enhance performance of the bank.
4. For scholars’ it will help them to appreciate and enhance their knowledge of internal audit so as to adhere to the professional ethics as required by the IAS.
1.6 Scope of the study. .
1.6.1 Subject scope
The study sought to examine the effect of internal audit on t5he financial performance of Stanbic Bank.
1.6.2 Geographical scope
The study was carried out on Stanbic Ishaka Brach, Bushenyi district.
1.6.3 Time scope
The study took a period of two months that is May and June 2018.1.8
1.8 Conceptual Framework Independent Variable
Dependen Variable Intervening variable
organizational Performance Internal environment and control activities.
-Delegation of duties.
-Supervisory activities.
-Operating style Monitoring and control activities.
-Segregation of duties
-Assessment of risks
-SupervlSory activities
-Government
-Profitability
-Accountability
-Service delivery.
-Shareholder performance.
The conceptual framework illustrates the dependent and independent variables. The independent variable in this study is risk management, internal environment and monitor ing and contl‘o1 acti ities. And the dependent is the organizational performance of commercial banks.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTFinancial performance requires appropriate mtenial audit practices to enhance efficiency. For the purpose of this study the researcher sought to detemiine the effect of internal audit on financial performance in commercial bank (Stanbic bait). Internal audit 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 ad ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTS DECLARATION APPROVALDEDICATION. ACKNOWLEDGEMEL'T. LIST OF ABBREVIATIONS TABLE OF CONTENTSLIST OF TABLES CIJAP'rER ONE 1.1 Background of Study. 1.2 Problem Statement. 1.3 Research Objective. 1.4 Specific Objectives. 1.5 Research Questions 1.6 Significance of the Study. 1.7 Scope of the study. 1.8 Conceptual Framework 2.1 Review of Theories 2.2 Review of Emp1£1CR1 Studies 2.3 Determinants of Internal Audit METHODOLOGY 3 1 Research Design. 3.2 Target Population3.3 S ... Continue reading---
LIST OF ABRIVATIONS - [ Total Page(s): 1 ]LIST OF ABBREVIATIONSROA Return on AssetsROE Return on EquityROI Return on InvestmentsIIA Institute of Internal AuditorsIA Internal AuditPC Professional CompetencyIAS Internal Audit StandardsIC Internal ControlsCEO Chief Executive Officer ... Continue reading---
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTFinancial performance requires appropriate mtenial audit practices to enhance efficiency. For the purpose of this study the researcher sought to detemiine the effect of internal audit on financial performance in commercial bank (Stanbic bait). Internal audit 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 ad ... Continue reading---