Internal controls and performance of public financial management in second northern Uganda Social Action Fund
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Date
2016-02
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Uganda Management Institute
Abstract
The purpose of the study was to establish the relationship between internal controls and
performance of public financial management of the Second Northern Uganda Social Action
Fund (NUSAF2). The problem at hand was that there were still performance gaps in NUSAF2
(Auditor General, 2013). He further showed that a mischarge of shs. 19,059,510 meant for
National Social Security fund (NSSF) employer contribution was charged to contract staff
salaries, funds amounting to Shs. 153,673,363 advanced to staff to execute project activities
lacked supporting documents and there was lack of trainings assessment. The key objectives
were: to examine the relationship between control activities and performance of public
financial management of NUSAF2, to assess the relationship between of monitoring activities
and performance of public financial management of NUSAF2, and to analyze the relationship
between risk assessment and performance of public financial management of NUSAF2.The
results of the study were intended to improve stakeholder’s knowledge about the extent to
which internal controls affect the performance of public financial management in
NUSAF2.The research adopted a case study design and employed both qualitative and
quantitative methods. The research was conducted on 40 respondents which included top
management and staff using Statistical Package for Social Sciences (SPSS), statistics were
generated from the collected data, analyzed using descriptive statistics and Pearson Correlation
Coefficient to generate empirical findings. The study found out that control activities contribute
much on the performance of public financial management where the results revealed 100 %
that NUSAF2 undertakes strong control activities , Monitoring activities results revealed 97.1%
that the project is generally monitored and lastly the risk assessments revealed 80% general
risk assessment. So internal controls affects performance of public financial management. It
was concluded that effective internal control is crucial to superior performance of public
financial management in NUSAF2.
Description
A dissertation submitted to the School of Business and Management in Partial Fulfilment of the Requirements for the Award of a Master’s Degree in Management Studies (Financial Management) of Uganda Management Institute
Keywords
Internal Controls, Performance, Public Financial Management, Northern Uganda Social Action Fund, NUSAF II, Uganda
Citation
Kakooza, Patrick (2016) Internal Controls and Performance of Public Financial Management in Second Northern Uganda Social Action Fund.