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

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

American Journal of Accounting, 2023, vol. 5, issue 1, 38 - 48

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.

Keywords: Internal Control Environment; Financial Accountability and SACCOs (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bfy:oajacc:v:5:y:2023:i:1:p:38-48:id:1468

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