| dc.description.abstract | Profitability requires appropriate internal audit practices to enhance efficiency. For the
purpose of this study the researcher sought to determine the effect of internal audit on
profitability in financial institutions in Uganda. Internal audit was looked at from the
perspective of internal audit standards, professional competency, internal controls and
independence of internal audit. The researcher administered a Self-Structured Questionnaire
to each member of the target population since it was the most appropriate tool to gather
information. Quantitative analysis and regression analysis were used as data analysis
technique. Descriptive statistics such as mean, standard deviation and frequency distribution
were used in the analysis of data. 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 competency and internal control had a positive relationship with
profitability of financial institutions, the study found that a unit increase in internal audit
standards would lead to increase in profitability of financial institutions, a unit increase in
independence of internal audit would lead to increase in profitability of financial institutions,
a unit increase in professional competency would lead to increase in profitability of financial
institutions and further unit increase in internal control would lead to increase in profitability
of financial institutions.
The study recommends that management in financial institutions in Uganda should adopt
effective internal audit practices such as internal auditing standards, independence of internal
audit, professional competency and internal controls to enhance profitability of the bank. | en_US |
