LIST OF ACRONYMS
AAA American Accounting Association
AICPA American Institute of Certified Public Accountants
COSO Committee of Official Sponsoring Organizations
FEI Financial Executives International
IIA Institute of Internal Auditors
IMA Institute of Management Accountants
SPSS Statistical Package for Social Scientists
OECD Organization for Economic Co-operation and Development
DFID Department for International Development
CVI Content Validity Index
LIST OF FIGURES
Figure 1:Conceptual framework for the understanding the Relationship between internal control and financial performance 11
Figure 2:Gender of the respondents 34
Figure 3:Showing age of the respondents 35
Figure 4:Showing the level of education of the respondents 36…show more content… The study was guided by the following objectives: to assess the effects of the control environment on financial performance of FIDA Uganda; to examine the effects of the control activities on financial performance of FIDA Uganda and to establish the effects of the monitoring on financial performance of FIDA Uganda. A descriptive and cross sectional design was used. The study predominantly employed a quantitative approach but also used a qualitative approach. The study population consisted of 65 participants. A sample size of 56 was selected. Simple random and purposive ssampling techniques were employed to choose respondents. Quantitative data analysis mainly consisted of descriptive statistics (percentages and mean). Content analysis was used to analyze qualitative data. Findings revealed a positive effect of control environment on financial performance of FIDA Uganda (r =.787, P-value=.015). This is because the management undertakes staff recruitment background checks, staff appraisal/feedback, has own ethical values which are vital in addressing accountability problems. On second objective, it was revealed that control activities had a positive effect on financial performance of FIDA Uganda (r =.818, P-value=.017). This is because the management is responsive in preventing fraud, the management clearly allocates authorities to approve every fund and there is an appropriate supervision by senior staff on the work of their juniors. Lastly, monitoring activities had a positive effect on financial performance of FIDA Uganda (r =.572, P-value=.044). This is because the management undertakes regular supervision of activities done in the organization, management undertakes regular management reporting, Management discusses