Theses and Dissertations
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Item Influence Of Internal Audit Practices On Performance Of Commercial Parastals Under The Ministry Of Industry, Trade And Cooperatives In Kenya.(KCA University, 2017) Mutirithia, Charles M.The purpose of this study was to examine the influence of internal audit practice on performance of state corporations; with reference to the commercial state corporations under the Ministry of Industry, Trade and Cooperatives. The specific objectives were to determine the influence of governance on performance of state corporations, to determine the influence of risk management on performance of commercial state corporations and to determine the influence of controls on performance of commercial state corporations. In literature review, aspects covered were theoretical reviews, the empirical review and the conceptual framework. The study adopted the methodology that guided data collection approaches. The study design was descriptive research design. The target population was the management staff of the commercial state corporations that was 247 employees. The sampling approach adopted was stratified random sampling, after sampling, the sample size was 74 and response rate was 94.5%. When data collection was done, the data was analyzed by adopting descriptive and regression analysis. The presentations were done by adopting figures, pie charts, graphs and tables. The findings indicated that when all the factors were held constant the performance of commercial state corporations would increase by 0.728 Units. When all the factors were held constant one unit use of risk management increases the performance by 0.368 units. Similarly, when all the factors were held constant one unit use of controls would increase the performance by 0.452 units. This showed that the use of risk management and controls have had a significant influence on the performance of commercial state corporations in Kenya. The research recommends that internal audit practice be supported adequately by all stakeholders in commercial state corporations because they influence significantly performance.Item Effect Of Corporate Governance On Financial Performance In Manufacturing And Allied Firms In Kenya(KCA University, 2015) Kithuku, Stephen M.The study investigated the effect of corporate governance on financial performance of manufacturing and allied firms in Kenya. The objective of the study was to establish the relationship between the corporate governance characteristics: board composition, board remuneration, and director’s equity holdings on financial performance measured using ROA and ROE. A cross-sectional survey design was used in the study. Of the target population of 62 listed companies at the NSE, the 9 companies under the manufacturing and allied segment were selected for the study. Secondary data was collected from statements of financial performance such as balance sheets and income statements of individual companies. All the data collected was analyzed by first entering the raw data into an Excel spreadsheet and uploading it to the Statistical Packages for Social Sciences (SPSS Version 21) software for descriptive and inferential statistical measures. Pooled cross-sectional time-series data analysis was used to establish the relationship between corporate governance and financial performance and descriptive narrative was used to explain and interpret the findings. Descriptive statistics showed that the highest proportion of independent directors was 76% of the total number of directors. The highest annual average of board remuneration was KES 12,438,100, while the lowest was KES 2,795,200. There was a wide variation in the amount of compensation awarded to directors. There were very low levels of director’s equity holding, with the exception of one company, where the Government held a shareholding of 20%. The findings show that there was a positive and significant relationship between board composition (p=0.002), board remuneration (p=0.004), and director’s equity holding (p=0.031) and ROA. There was no significant relationship between corporate governance variables and ROE. Firm size was positively and significantly associated with both ROE and ROA. Corporate governance variables have positive impact on performance of manufacturing and allied firms. The study recommends that manufacturing and allied companies listed at the NSE can pursue sound corporate governance frameworks as a way of improving financial performance.Item Determinants Of Effectiveness Of Public Sector Audit In Kenya(KCA University, 2023) Kanini, Joyce M.The purpose of this study was to investigate the determinants of effectiveness of public sector audit (PSA) in Kenya with a key focus on the national government and its entities. The dependent variable of the study was the effectiveness of public sector audits (EPSA). Four independent variables were identified including institutional corporate governance (ICG), professional and technical competence (PC), resources availability (R), and internal control process (ICP). The research used a descriptive research design and adopted a content analysis methodology to analyze secondary data obtained from annual audit reports of the Office of the Auditor General (OAG). The study used one-year cross-sectional data for the financial year 2021/2022. The population of the study comprised of 109 financial statements of the national government and 326 accounts of MDAs, donor funds, revenue statements, and other three funds of the national government. The sampling technique used was 15% of the population which amounted to a review of 43 statements. The non-disclosures or disclosures for the variables and their indicators were coded as a "0" or "1" based on the specificity of the detail. The disclosed details were recorded in a coding sheet. STATA version 16 software was used to analyze the significance of the determinants of EPSA. The study findings showed that all independent variables had positive coefficients and were statistically significant to EPSA. Professional and technical competence was found to have the highest coefficient (PC), followed by institutional corporate governance (ICG), Internal control process (ICP), and Resource availability (R) which had a negative correlation. The major findings of the regression were that ICP can be improved by ensuring sufficient training of the staff, to further improve competence levels and help employees identify system weaknesses. Further research can be conducted by adding a fifth variable of independence of the OAG which was found by other researchers to be influenced by political matters. The research adopted qualitative methodology: further research can be conducted using similar variables but use primary data.