THE ROLE OF INTERNAL AUDIT ON ORGANIZATIONAL PERFORMANCE OF PUBLIC ENTERPRISES IN UGANDA A CASE STUDY OF UBC

ABSTRACT

The overall aim of study was to examine the role of internal audit on organizational perf01mance

of public enterp1ises in Uganda a case study of UBC. The study was guided by the three

objectives; to find out the role of internal audit on financial perfonnance of public enterprise in

Uganda at UBC, to examine the role of internal on non-financial performance of public

enterp1ises in Uganda at UBC and to assess the role of internal Audit on managerial perfonnance

of public enterprises in Uganda at UBC. Data was collected using questionnaire and interview

guide and purposive sampling was used. Both qualitative and quantitative were used to analysis

data; sample size of 50 respondents was used.

The study identified the role of internal audit on financial pe1fon11ance of public enterprise in

Uganda as; reduces 1isk of losing funds thus increase on profit, demonstrates accountability in

use of public money, and improves organization performance and others. As regards to the role

of internal audit on non-financial performance these included, helps managers in public sector to

meet their responsibilities and better strategies to improve management. Examined the role of

internal audit on managerial perfonnance. The findings on this objective are as follows.

Improvement in the process of stakeholder engagement, conformance with reporting requirement

and helps management of the organization in its present and future growth respectively.

The study came up with reco1mnendations such as; There is need for allowing further training for

the staff in the accounts sections and close supervision of the audit department on the activities

of accounts and finance through regular audits and checkup, There is need for improvement in

the procurement process and emphasis and there is need to emphasize the budgetary control

measures to enable proper financial reporting of public enterprise in Uganda at UBC.