Abstract

This study was about internal control activities and financial performance of SACCOs in Bushenyi-Ishaka municipality; a case study of SACCOs in Ishaka division. The objective was to establish the relationship between control activities and financial performance of SACCOs in Ishaka division the study adopted descriptive cross sectional and correlational designs with both quantitative and qualitative approaches. A total population of 150 was involved which included employees, supervisory committee, loan committee and board members from which a sample of 93 respondents were selected using Slovene’s formula. Out of 109 respondents, 90 respondents responded positively. Data was collected using questionnaire and interview guide and analyzed using descriptive statistics, chi-square for quantitative data and thematic analysis was used for analyzing qualitative data. The study findings established a significant relationship between control activities and financial performance of SACCOs. From the study findings, recommended that SACCOS in Bushenyi-Ishaka municipality should include Monitoring as part of internal control systems and increase on supervision for staff.