The State of Contemporary Music in Worship at Oraba Parish Koboko Archdeaconry Madi West Nile Diocese

Abstract

Internal auditing is a very important aspect of any company. Therefore, this study aims to assess the contribution of internal auditing in the saving and Credit Cooperative and Organization of St. Francis Chapel Makerere. Data was collected using questionnaires and interviews from the audit and finance staff. For data analysis and presentation, the researcher used tables, bar graphs and pie charts. The study found out that internal audit at the SACCO has not been effective due to some various factors. The target population was 10 respondents consisting of 5 women and 5 men. The specific objectives include: 1) To explore what constitutes an effective internal audit, (2) To find out to what extent are the Internal Audits Contributive to St. Francis Makerere Chapel, (3) To recommend best ways to maintain and enhance internal audits. (4) To explore the support programs that the management has put in place to ensure internal audits. The research approach that was used was exploratory research. The main aim was to focus on the data, so that a conceptual model would be formed. The sampling technique that was used was purposive sampling. The data collection techniques that were used where both primary and secondary. Primary data, was all about the researcher going into the field and gathering information from specific people. The secondary source of data, was collection of data through text books, journals, and many other written documents. The research findings indicated some factors that constituted an effective internal audit. Which were; (1) evaluation of internal control systems, (2) reporting and follow up, (3) Internal Audit Independence, (4) adequate resources, (5) qualification and skills, (6) evidence. The findings also revealed main reasons for poor internal Audits. (1) Inadequate resources, (2) Lack of Independence of internal Auditors. (3) Failure to perform follow up, (4) Unqualified personnel. It was further indicated in the findings that the best way to maintain and enhance internal audit effectiveness was to ensure; there was (1) management support. (2) Internal Audit independence, (3) sufficient resources and dual reporting. It was also discovered that majority of the people felt that management had supported internal audits.