Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
External Auditing And The Financial Performance Of Avance International University, Uganda
Nimusiima Willis, Zikusooka Enock
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 5, No. 5 |
| Published | 31 May 2026 |
| ISSN | 3006-4384 |
Abstract
External auditing plays a pivotal role in ensuring the financial integrity, transparency, and accountability of higher education institutions increasingly complex organisations that manage substantial financial resources from diverse stakeholders including students, government, donors, and lending institutions. This study examines the relationship between external auditing and financial performance at Avance International University (AIU), Uganda. Drawing on the Stakeholder Theory and Signalling Theory frameworks, the study employs a case study design incorporating quantitative financial analysis and qualitative stakeholder interviews. Data were collected from AIU's audited financial statements for 2018–2023, supplemented by surveys of 94 respondents drawn from AIU management, the finance directorate, academic leadership, the governing council, and the external audit team, as well as six key informant interviews. The study examines four external audit dimensions: auditor independence, audit quality, timeliness of audit reporting, and audit recommendation implementation. Financial performance is assessed through revenue growth, cost efficiency, surplus ratios, and donor/grant income trends. Findings reveal statistically significant positive relationships between external audit quality and revenue growth (r=0.684, p
Keywords
External Auditing
Financial Performance
Avance International University
Higher Education Finance
Auditor Independence
Audit Quality
Stakeholder Theory
Signalling Theory
Uganda
University Governance
Cite This Article
Nimusiima Willis & Zikusooka Enock (2026). External Auditing And The Financial Performance Of Avance International University, Uganda. Metropolitan Journal of Academic Multidisciplinary Research, 5(5). https://journals.miu.ac.ug/pages/article.php?article_id=456
More in This Issue
View full issue →
16
The Effects Of Contract Management On Service Delivery In Hospitals In Uganda: A Case Study Of Mulago National Referral Hospital, Central Uganda
Contract management
service delivery
Mulago National Referral Hospital
procurement
17
The Impact Of Art Education On Students' Critical Thinking And Creativity: A Case Of Selected Secondary Schools In Gulu District, Northern Uganda
Education art
critical thinking
creativity
academic performance
18
The Impact Of Auditing On Corporate Governance In Uganda: A Case Of Kampala Capital City Authority (KCCA)
Auditing
Corporate Governance
KCCA
Uganda
19
The Impact Of Auditing On Corporate Governance In Uganda: A Case Of KCCA
Auditing
Corporate Governance
KCCA
Uganda
20
The Impact Of IFRS Adoption On Financial Management Quality Of Stanbic Bank, Fort Portal
IFRS adoption
financial management quality
Stanbic Bank
Fort Portal