Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
Audit Quality And Financial Reporting Performance Of Financial Institutions In Uganda. A Case Study Of Centenary Bank Mukono Branch
Igama Emmanuel, Kabanda Richard
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 5, No. 5 |
| Published | 31 May 2026 |
| ISSN | 3006-4384 |
Abstract
This study examined the relationship between audit quality and financial reporting performance at Centenary Bank Mukono Branch, Uganda. The study was guided by three objectives: to assess the effect of auditor independence on financial reporting quality, to examine how audit firm size influenced financial reporting accuracy, and to determine the relationship between audit tenure and the reliability of financial statements. A cross-sectional survey design was adopted, and primary data were collected from 80 respondents comprising internal auditors, finance officers, branch managers, and senior accountants using structured questionnaires. Secondary data were sourced from Centenary Bank's financial reports for the period 2018–2023. Data were analysed using descriptive statistics, Pearson correlation, and multiple regression analysis. The findings revealed that auditor independence had a strong positive effect on financial reporting quality (r = 0.74, p < 0.01), audit firm size was significantly correlated with financial reporting accuracy (r = 0.68, p < 0.01), and audit tenure negatively affected financial statement reliability beyond a six-year threshold. The study concluded that improving audit quality mechanisms significantly enhanced financial reporting performance at Centenary Bank Mukono Branch. Recommendations included mandatory partner rotation, strengthening audit committee oversight, and enforcing auditor independence standards aligned with International Standards on Auditing.
Keywords
audit quality
financial reporting performance
auditor independence
audit firm size
audit tenure
Centenary Bank
Uganda
Cite This Article
Igama Emmanuel & Kabanda Richard (2026). Audit Quality And Financial Reporting Performance Of Financial Institutions In Uganda. A Case Study Of Centenary Bank Mukono Branch. Metropolitan Journal of Academic Multidisciplinary Research, 5(5). https://journals.miu.ac.ug/pages/article.php?article_id=444
More in This Issue
View full issue →
6
Development Of A Web-Based Integrated Agricultural Information And Market Linkage System With AiPowered Assistance For Multi-Sector Farmers In Luuka District, Uganda
Agricultural Information System
AI-Powered Chatbot
Market Linkage
Smallholder Farmers
7
Digital Taxation And E-Commerce Growth Among Kasita Traders In Kampala, Uganda
Digital taxation
e-commerce growth
Kasita traders
digital tax compliance
8
Electronic Financial Management Systems In Enhancing Financial Accountability: A Case Of Equity Bank Nakulabye Branch, Kampala, Uganda
Electronic Financial Management Systems
Financial Accountability
Equity Bank
Nakulabye
9
External Auditing And The Financial Performance Of Avance International University, Uganda
External Auditing
Financial Performance
Avance International University
Higher Education Finance
10
External Auditing And The Financial Performance Of Sebbi International Limited, Entebbe
External Auditing
Financial Performance
Financial Reporting
Audit Quality