MJAMR

External Auditing Practices and Fraud Management in an Organisation. A Case Study of Mityana Town Council

Kizuula Shafik, Irumba Alex


Abstract

The study aimed at evaluating the relevance of external auditing practices on fraud management in an organisation and it was guided by the following objectives; To examine the relationship between accounting data and fraud management, to examine the relationship between record examination and fraud management and to assess the impact of internal control review to fraud management. The study focused on the relevance of external auditing practices on fraud management in an organization in the light of accountability and transparency in Uganda by focusing on organization in Mityana town council. The region has about twenty (20) organizations operating in various projects and programs. Out of the twenty (20), ten (10) operate within the Mityana township and its environs. The study focused on these 10 organizations in addition to some selected beneficiaries. Statistical Package for the Social Sciences (SPSS) version 17.0 was employed for data analysis. Findings from respondents as from the study, 74.42% answered that there was accuracy in assets records whilst 18% said no. But only 4% answered that they were not sure. Majority of the respondents agreed that there was accuracy in assets records. External Auditors should not be hired by management of organizations but by the Board of Directors or Donors so the external auditors will report to the Board or the donor or funding agency and not management of organizations.

Keywords

external auditing practices fraud management and organisation
Metropolitan Journal of Academic Multidisciplinary Research

Cite This Article

Kizuula Shafik & Irumba Alex (2023). External Auditing Practices and Fraud Management in an Organisation. A Case Study of Mityana Town Council. Metropolitan Journal of Academic Multidisciplinary Research, 2(10). https://journals.miu.ac.ug/pages/article.php?article_id=1036

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