Browsing by Author "Ikilai, Viola"

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    Assessment of Internal Control Practices at Enabel-Uganda.
    (2023) Ikilai, Viola
    Worldwide, the survival of any organization depends on the effective and efficient utilization of resources at the organization's disposal (Alemu, 2020). Organizations put in place various controls to optimize the utilization of resources entrusted to all employees, among which are internal control practices. Internal control practices entail control activities like proper documentation, separation of duties, security, internal audits, and proper authorization. Such practices enhance reliable financial reporting, minimize fraud, and consequently leads to reliable financial statements, and stakeholders can make informed decisions based on financial reports (Bongani, 2013; Alemu, 2020). The World Bank (2020) indicates that 70% of NGOs have had challenges relating to internal control practices which affect their sustainability. Developed countries greatly accept internal controls but were initially limited to the accounting review, and this helped developing countries to discover errors, misstatements, and correct records of financial operations. However, with the current development of projects, the scope of internal control has been expanded from just being an accounting review to being a tool to examine and evaluate the effectiveness of control methods and to provide information to senior management (Alkubaisi, 2017). Besides being a regulatory requirement, most organizations adopt internal control practices to ensure that all management activities are appropriately carried out (Eton et al., 2018). In line with this, the emergence of internal control over specific sections of activities relates to management's need to evaluate consistency between the actual situation and development targets (Dragomir &Vesna, 2015). In Uganda, Price Water Coopers (2018) revealed that 85% of NGOs still have weaknesses in their governance provisions, key among them being the internal control Practices which makes this study relevant in the context of Uganda.