ABSTRACT Performance requires appropriate internal audit practices to enhance efficiency. For the purpose of this study, the researcher sought to determine the effectiveness of internal audit practices on the financial performance of soft drink industries in Uganda; a case study of Coca-Cola bottling company Namanve in Mukono district. Internal audit was looked at from the perspective of internal audit practices, internal controls and monitoring, and risk management. The researcher administered a survey questionnaire to each member of the target population since it was the most appropriate tool to gather information. Quantitative analysis and correlation analysis were used as data analysis techniques. Descriptive statistics such as frequency distribution and percentages were used in r!ze analysis of data. Data presentation 1vas done by use of tables for ease of understanding and interpretation. From the .findings, the study concludes that internal audit standards, independence of internal audit, professional competency and internal control fwd a positive relationship with a financial performance at Coca-Co/a bottling company Namanve in Jukono district, the study found that a unit increase in internal audit standards would lead to increase in financial pe1jormance of Coca-Cola bottling company in Namanve-fukono district, a unit increase in the independence of internal audit would lead to increase in the financial performance of Coca-Cola bottling company Namanve in /l!Mukono district. The study recommends that Coca-Cola bottling company in Namave, Mukono district should adopt effective internal audit practices such as internal auditing standards, independence of internal audit, professional competency and internal controls to enhance better financial performance characterized with efficiency in order to promote better financial management within Coca-Cola bottling company Namanve in /Mukono district.
