Internal Audit Practices and Organizational Performance: A Case Study of Mukono District

Abstract

The study was carried out in Mukono District. It was to examine the effect of internal audit practices and organizational performance .The study was limited to the three objectives namely; to find out effect of audit standards and professional competency on organizational performance in the study context, to find out the factors affecting organizational performance of the study context and to establish the effect of monitoring and control activities on the performance of organizations in the study context.

The study used a case study research design. Study population included Management, Accountants and Operational employees totaling to twenty one respondents, all these were purposively selected. Data was analyzed quantitatively.

The study findings revealed that authorization and approval, adherence to audit standards, decision making, organizations audited by competent professionals, competence of staff, safe guarding of assets of the study context. It further revealed that human resources policies encompass recruitment, organizational culture influences how employees interact, technology and innovation are major factors affecting organizational performance in Mukono district.

It also revealed that monitoring and control activities provide a systematic means, ensure organizational goals and objectives are met, maintain and improve the quality of products and services The studies came up with recommendations to policy makers and financial institutions and also recommend further studies on the effect of internal audit performance and organizational performance.