THE EFFECT OF INTERNAL AUDIT ON FINANCIAL PERFORMANCE OF PUBLIC COMPANIES: A CASE STUDY OF UGANDA CLAYS LIMITED
| dc.contributor.author | MAGENE MWENYEMALI BLESSING | |
| dc.date.accessioned | 2025-09-12T13:45:21Z | |
| dc.date.available | 2025-09-12T13:45:21Z | |
| dc.date.issued | 2025-09-09 | |
| dc.description.abstract | The study investigated the effect of internal audit on financial performance of a company; a case study of Uganda Clays Limited. The study was guided by the following objectives; To find out the effect of audit quality on the financial performance of UCL. particularly through the role of the internal audit team,to establish the extent to which independency of internal auditors influences financial performance of UCL and to examine the influence of competency of internal auditors on the financial performance of UCL. This study employed a cross-sectional research design to investigate the effect of internal audit on the financial performance of Uganda Clays. The quantitative approach was used to analyze statistical data to examine relationships between internal audit and financial performance. Overall, the study revealed that internal audit practices positively influence UCL’s financial performance, but governance and cultural constraints hinder their full potential. The study concluded that High-quality audits significantly contribute to UCL’s financial performance by identifying inefficiencies and improving controls. However, weak governance structures, such as limited board oversight, reduce the effectiveness of audit recommendations, necessitating stronger policy support. Independence is critical for objective risk assessment and financial reporting accuracy, positively impacting profitability and ROI. However, management influence and inadequate audit committee support undermine auditor autonomy, limiting financial benefits. Based on the findings and conclusions, the following recommendations are proposed: UCL should invest in data analytics and emerging technologies to improve audit accuracy and efficiency, and Fostering a transparent organizational culture that values auditor autonomy through training and policy reinforcement. | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12311/2950 | |
| dc.language.iso | en | |
| dc.title | THE EFFECT OF INTERNAL AUDIT ON FINANCIAL PERFORMANCE OF PUBLIC COMPANIES: A CASE STUDY OF UGANDA CLAYS LIMITED |