Browsing by Author "Musiitwa, Keneth"

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    Assessing the Internal Audit Effestiveness at Uganda Civil Aviation Authority.
    (2023) Musiitwa, Keneth
    Internal audit (IA) is globally recognized as a pivotal tool for controlling governance and operation in organizations (Institute of Internal Auditors [IIA], 2010). It is a longstanding function across public and private sectors and various industries. Internal auditing transcends specific organizational functions, embodying a comprehensive scope and structured as an independent entity within organizations, accountable to senior management (Dellai, Ali & Omri, 2016; Rousy & Perron, 2018; Joshi & Marthandan, 2023). In the context of Uganda, internal audit practices have emerged as significant control measures against fraud and misappropriation of funds, albeit with varied implementation across private firms (Eighme & Cashell, 2002). The evolving nature of internal auditing's role, particularly in operationalizing and identifying influencing factors of audit effectiveness, can be observed in the works of Turetken, Jethefer, & Ozkan (2020). Internal audit practices are focused on compliance assurance, financial control and assets safeguarding (Dellai, Ali & Omri, 2016). Internal auditing (IA) serves as an important bond in the business and financial reporting manners of corporations. The assurance services provided by auditors derive their value and credibility from the fundamental assumptions of independence of mind and independence in appearance. Auditor independence and objectivity are the cornerstones of the profession. Internal auditors play a vital role in monitoring a syndicate’s risk profile and identifying areas to improve risk management (IPPF, 2013). Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes (IIA, 2017; Erasmus & Coetzee, 2018, Jurakulovna & Bahodirovich, 2021).