TITLE:
The Influence of COSO Preventative Control Operations on Revenue Mobilization in Ugandan Schools
AUTHORS:
Liz Nantunda, Livingstone Ddungu, Jonny R. Munby, Catherine McCauley-Smith
KEYWORDS:
Guidelines, Segregated Duties, IT Environment, Realising Revenue, Private Schools
JOURNAL NAME:
Open Journal of Business and Management,
Vol.8 No.4,
July
17,
2020
ABSTRACT: This
article provides informative insights into the failure of many Stakeholders to
attain the desired Ugandan private secondary schools, to realise their desired
revenue and how that failure has caused critical investment concerns due to
negative impacts on expected returns on investment. Therefore, the study drew
upon that to explore whether preventive control practices within the COSO
control activities contribute to this failure. The study used an interpretivism
approach and was guided by conceptual COSO control activities component model. Data was
collected using skype interview and thematic narrative technique was used for
analysis. 16 internal stakeholders as Boards of Governors, headteachers, deputy
headteachers, accountants and auditors were purposively selected from four private
secondary schools located in central Uganda. Results indicate that control
activities within the guidelines, segregated duties and IT environment in
private schools’ financial management are
ensured in the mobilization of desired revenue. However, efficiency, reliance and
compliance differ in a positive or negative influence. Therefore, this study is
relevant for internal stakeholders in private school businesses to ensure
designing effective COSO control activities policies that influence preventive
financial controls for achieving desired revenue to avoid bankruptcy.