Internal Control Environment and Financial Accountability of Savings and Credit Cooperatives in Mid-Western Uganda

Authors

  • Dr. John Baguma Muhunga Kule Mbarara University of Science and Technology, Faculty of Business and Management Sciences, Uganda
  • Dr. Frederick Nsambu Kijjambu Mbarara University of Science and Technology
  • Professor Nixon Kamukama Mbarara University of Science and Technology
  • Dr. John Rwakihembo Mountains of the Moon University. Faculty of Business and Management Sciences

DOI:

https://doi.org/10.47672/ajacc.1468

Keywords:

Internal Control Environment, Financial Accountability and SACCOs

Abstract

Purpose: To test the association between internal control environment and financial accountability of SACCOs in Mid-Western Uganda.

Methodology: The study adopted a cross-sectional research design and positivist paradigm to gather data from 93 SACCOs in Mid-Western Uganda using a closed-ended questionnaire. Data was analyzed using the standard linear regression.

Findings: The study depict a strong positive significant association relationship between internal control environment and financial accountability of SACCOs in Mid-Western Uganda.

Unique Contribution to Theory, Practice and Policy: The high level of transparency and value for money can be achieved if management puts into place effective internal control environment if SACCOs are to realize a high level of transparence and value for money.

 

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Author Biographies

Dr. John Baguma Muhunga Kule, Mbarara University of Science and Technology, Faculty of Business and Management Sciences, Uganda

 

 

Dr. Frederick Nsambu Kijjambu, Mbarara University of Science and Technology

 

 

Professor Nixon Kamukama, Mbarara University of Science and Technology

 

 

Dr. John Rwakihembo, Mountains of the Moon University. Faculty of Business and Management Sciences

 

 

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Published

2023-05-19

How to Cite

Baguma Muhunga Kule, D. J. B., Nsambu Kijjambu, D. F. ., Professor Nixon Kamukama, P. N. K., & Rwakihembo, D. J. . (2023). Internal Control Environment and Financial Accountability of Savings and Credit Cooperatives in Mid-Western Uganda. American Journal of Accounting, 5(1), 38–48. https://doi.org/10.47672/ajacc.1468

Issue

Vol. 5 No. 1 (2023): Vol 5 Issue 1

Section

Articles

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Copyright (c) 2023 Dr. John Baguma Muhunga Kule, Dr. Frederick Nsambu Kijjambu, Professor Nixon Kamukama, Dr. John Rwakihembo

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