Effect Of Value For Money Auditing On Public Sector Accountability In Kenya

Abstract

Value for money auditing has emerged in the public sector, where absence of firm measures of profitability creates difficulty in judging performance. Thus, it influences the adoption of practices for reduction of waste and inefficiency and bring forth outcomes that improve service to end customers. This study sought to find out the effect of value for money auditing on public accountability, througha descriptive survey. Purposive sampling was employed to target internal auditors at the National Treasury who have mandate to conduct value for money auditing. In addition, Cluster sampling was utilized to choose the South Rift region as the respondents. 32 questionnaires were mailed to the respondents, and majority of the respondents were of the view that economy value for money auditing had a big impact on public accountability, as compared to efficiency value for money auditing and effectiveness value for money auditing that demonstrated a comparatively minimal effect on public accountability. Data was analyzed through SPSS version 2, and presented through tables, charts, and a linear model.