Browsing by Author "Naomi Atai"

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    Internal Controls and Financial Performance of Commercial Banks: A Case Study of Centenary Bank U Limited
    (Uganda Christian University, 2024-10-07) Naomi Atai
    This study examines the relationship between internal controls and financial performance of commercial banks in Uganda, A case study of Centenary bank Mukono. It was guided by three objectives namely to examine the effect of internal control environment on the financial performance of commercial banks in Uganda, to assess the effect of internal control activities financial performance of commercial banks in Uganda, to examine the effect of monitoring and evaluation on the financial performance of commercial banks in Uganda. The researcher used both qualitative and quantitative approach for data collection and analysis, the data was collected using questionnaires and interviews. The target population was 55 with a sample size of 42 employees in credit and banking departments at the Centenary bank Mukono Branch. The investigator thought that these individuals possessed sufficient understanding to offer the required details on the research. In order to illustrate the strength of the relationship and the impact of the independent variables on the dependent variables, data analysis was done using percentages and means. Because of the nature of the banking sector's riskiness and its impact on bank performance as well as the country's overall economic growth, the study suggested that banks implement and maintain internal controls efficiently. A separate board of directors and committee is mandated under corporate governance regulations for banks. In addition, each bank branch should have a fully staffed and trained independent audit department to support the efficient application of internal controls with a focus on risk assessment.