The impact of internal controls on SACCO performance in Rukiga, Uganda
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Date
2023-04-27
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Publisher
Annals of Management and Organization Research (AMOR)
Abstract
Purpose: The research on the internal controls of Rukiga SACCO
was conducted in Rukiga District to examine the segregation of
duties, determine the impact of independent checks, and assess the
risk management on the financial performance of the organization.
Research methodology: This research was carried out after the
cross-sectional survey. The bivariate correlations between the
predictor components and the dependent variable were examined
using a Pearson correlation matrix, and a linear regression model
was used to fit the data.
Results: The regression model results showed that segregation of
duties (R=762), independent checks (R=676), and risk
management (R=899) had beneficial influence on Rukiga SACCO
performance. Furthermore, the performance was impacted by risk
management, separation of roles, and independent checks.
Limitations: The structured questionnaire, which was
administered by the participant, served as the primary data
collection tool. The probability of non-responses occurred due to
the loss of control over the questionnaire after submission to
respondents. This situation had a significant impact on the data
analysis and the generalizability of the findings.
Contribution: Task segregation, independent auditing, and risk
management should be considered to achieve loan portfolio
expansion, profitability development, and market share increase,
which were crucial elements of Rukiga SACCO performance.
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Citation
Patience, K., Moses, A., Bosco, T. J., & David, K. J. (2022). The impact of internal controls on SACCO performance in Rukiga, Uganda, Annals of Management and Organization Research, 3(4), 289-303