The study focused on internal control audit practices and financial performance in Livercot Impex Ltd. In this study the internal control audit practices (measured by risk assessment, control environment and control activities attributes) was the independent variable and financial performance (measured by profitability, sales and service delivery attributes) was the dependent variable. The study used cross sectional design which enabled the researcher to draw the samples from the population over a short period of time. The study focused on the respondents from Livercot Impex Ltd. The researcher used stratified random sampling to select the respondents from all layers in the cluster. Primary data and secondary data collection methods were used. Quantitative methods were used to collect and analyze the data. The research findings shown by correlation analysis generally indicated that there was a significant positive relationship between internal control audit practices measures (risk assessment, control environment and control activities) and the financial performance measures (profitability, sales and service delivery). From the findings, there was a high and significant positive relationship between risk assessment and financial performance since, r =.661**; p =.000 < .01. This implied that a change in the risk assessment led to a change in financial performance in the same direction. Therefore, to enhance financial performance during internal control audit practices, the company needs to ensure that risk assessment is given maximum attention. The researcher therefore wishes to recommend to the company that risk assessment should be given consideration after control activities as evidenced by the r, p and Beta values in the correlation.