Abstract:
The research was to the “Internal audit and the financial performance of commercial banks in Rwanda, case study: Bank of Kigali PLC, period: 2018-2022”, the following specific objectives were formulated: to determine the effectiveness of internal applied in Bank of Kigali PLC and to assess the contribution of internal audit to the financial performance of Bank of Kigali PLC. The total population to be consult in this study is 40 staff of Bank of Kigali PLC. The sample size was40 staff of Bank of Kigali PLC. The researcher concludes that the Contribution of internal audit to the performance of Bank of Kigali PLC, researcher concluded that variables are correlated. This means that there is a significant relationship between internal audit and performance in Bank of Kigali PLC. We can therefore conclude that an effective internal audit operation assists management in designing and maintaining the control system through the ongoing evaluation of its effectiveness and ensure that the organization’s control system improves accountability, promotes ethical professional original practices, advances risk management, enhances communication, decision-making and performance, reporting and contributes to quality outcomes. The respondents supported this assertion because without the exhibition of professional ethics, independent opinion cannot be expressed and as a result will not reflect the true picture of the published statement. According to most respondents, Auditors performance adds credibility to management's inherent assertions included in the financial statements which isachieved by gathering and evaluating audit evidence.
