Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
Internal Controls And Financial Performance In Luwero District. A Case Study Of Centenary Bank
Ariyo Gracious Kazaara, Arinaitwe Julius
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 3, No. 2 |
| Published | 29 February 2024 |
| ISSN | 3006-4384 |
Abstract
To rigorously analyze the influence of reinforced internal controls on Centenary Bank's economic sustainability within Luwero District's socioeconomic setting from 2018 to 2020, researchers employed an extensive mixed longitudinal investigative approach. An exhaustive literature analysis was initiated to identify reputable theoretical constructs and precedent case studies pertaining to linkages between governance mechanisms and financial outcomes in banking. Based on insights gleaned, a multi-dimensional hypothesis postulating fortified risk management, oversight architecture, functional delineation protocols, regulatory adherence frameworks and technological assimilation would bolster resilience and profitability over the long term was formulated for empirical testing. Both quantitative and qualitative primary data streams spanning multiple years were then competently obtained using an assortment of specialized procedures to derive robust evidence assessing this proposition. Intricate time-series financial indicators, macroeconomic metrics and subjective evaluations incorporating internal audit reports and surveys supplied nuanced contextual understanding to isolate association influences through cointegration modeling and regression examination while ensuring confidentiality and anonymity. Adopting international best practices proactively will future-proof the institution amid uncertain macroeconomic dynamics exacerbated by climate change impacts in the agrarian catchment. With concerted implementation, these reforms offer immense prospects to further multiply socioeconomic welfare gains from amplified financial inclusion while bolstering competitive positioning on a sustainable trajectory of growth.
Keywords
Internal Controls
risks And Financial Performance
Cite This Article
Ariyo Gracious Kazaara & Arinaitwe Julius (2024). Internal Controls And Financial Performance In Luwero District. A Case Study Of Centenary Bank. Metropolitan Journal of Academic Multidisciplinary Research, 3(2). https://journals.miu.ac.ug/pages/article.php?article_id=1700
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