To read this content please select one of the options below:

Internal audit quality, punitive measures and accountability in Ugandan statutory corporations

Irene Nalukenge (Department of Accounting, Makerere University Business School, Kampala, Uganda)
Twaha Kigongo Kaawaase (Department of Accounting, Makerere University Business School, Kampala, Uganda)
Juma Bananuka (Department of Accounting, Makerere University Business School, Kampala, Uganda)
Peter Francis Ogwal (Department of Finance, Uganda Police Force, Ministry of Internal Affairs, Kampala, Uganda)

Journal of Economic and Administrative Sciences

ISSN: 1026-4116

Article publication date: 16 March 2021

Issue publication date: 23 August 2022

870

Abstract

Purpose

This study aims to (1) examine the contribution of internal audit quality, punitive measures to accountability in statutory corporations in developing countries such as Uganda and (2) test whether internal audit quality mediates the relationship between punitive measures and accountability in Uganda's statutory corporations.

Design/methodology/approach

This study is cross-sectional and correlational. Data were collected through a questionnaire survey conducted for 82 statutory corporations. The study's unit of analysis was a statutory corporation. Chief Internal Auditors and Chief Finance Officers were the study's unit of inquiry. Data were analyzed through correlation coefficients and linear regression using Statistical Package for Social Sciences.

Findings

The results suggest that internal audit quality and punitive measures independently predict accountability. However, punitive measures do not predict accountability in the presence of internal audit quality. Results further indicate that internal audit quality mediates the relationship between punitive measures and accountability in Uganda's statutory corporations.

Originality/value

This study confirms internal audit quality (a preventive measure) as a significant predictor of accountability in statutory corporations relative to punitive measures. To achieve accountability, more emphasis thus needs to be put on preventive mechanisms than on punitive mechanisms. This study also enhances our understanding of the relationship between punitive measures, internal audit quality and accountability. In this study, we arrive at new evidence on the mediating role of internal audit quality in the relationship between punitive measures and accountability in Uganda's statutory corporations.

Keywords

Citation

Nalukenge, I., Kaawaase, T.K., Bananuka, J. and Ogwal, P.F. (2022), "Internal audit quality, punitive measures and accountability in Ugandan statutory corporations", Journal of Economic and Administrative Sciences, Vol. 38 No. 3, pp. 417-443. https://doi.org/10.1108/JEAS-05-2020-0084

Publisher

:

Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

Related articles