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Effect of Control Environment and Control Activities on Financial Performance of Kampala International University
Author: Katusiime Allen, Mabonga Eric (PhD), Kirabo Joseph (PhD), Sunday Arthur (PhD)
Publisher: International Journal of Research e-ISSN: 2348-6848
Published: 2018
Section: College of Economics and Management
Abstract
The study sought to establish the effect control environment on financial performance of Kampala international University. The study employed both primary and secondary data. The study was descriptive in nature and inferential statistics were used to analyze the data. Regression analysis was employed because of the nature of the study as it enabled the results bringing out the purpose of this study. The findings reveal that personal integrity and ethics did not have a significant effect on financial performance of Kampala international university. Control activities were found to have a significant effect on financial performance. We concluded that personal ethics and integrity are not significant to enhance financial performance provided the organization has set clear policies and procedure to be followed by employees. Control activities have significant effect on financial performance since they are part of the control system and they must be performed by employees for the organization to perform well.