Internal Controls, Managerial Competence and Financial Performance of ABU Sacco

Abstract

Purpose: This study  aimed at establishing the relationship between Internal controls, managerial competence and financial performance of ABU SACCO Mbarara. Methodology: A cross- sectional study design was adopted and based on a population  comprised of ABU SACCO coverage in her 6 branches. A sample size of 35 respondents was selected. The study used the questionnaire to collect data and extracted financial data from audited financial statements of the SACCO and management reports over the four years 2014-2017. Correlation and regression analysis were done with the use of SPSS ver. 21, PMT tool was used to analyze secondary data. Findings: The study findings reveal that there is a significant positive relationship between internal controls and financial performance at ABU SACCO (r=.515, p