- مبلغ: ۸۶,۰۰۰ تومان
- مبلغ: ۹۱,۰۰۰ تومان
Purpose - The purpose of this study was to investigate the contribution of internal audit function and audit committees’ effectiveness on accountability in the Statutory Corporations (SCs).
Design/ methodology - This study is cross sectional and correlational. Data were collected through a questionnaire survey of 52 SCs in Uganda through their Chief Internal Auditors and Chief Finance Officers. Data were analyzed using Statistical Package for Social Sciences.
Findings - Internal audit function significantly contributes to accountability of SCs in Uganda and audit committee effectiveness is not where effective internal audit is present in such organisations. However, audit committee effectiveness significantly contributes to accountability when internal audit function is not present.
Research limitations / implications– The use of hierarchical regression is prone to problems associated with sampling error. However, the likelihood of these problems is mitigated by the interface with data.
Originality / value–Whereas hitherto both internal audit function and audit committees’ effectiveness had been viewed as explanations of accountability, this study only confirms internal audit function as a significant predictor of SCs’ accountability relative to audit committee effectiveness.