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dc.contributor.advisorThuo, A. K.
dc.contributor.authorOkello, Maureen Akinyi
dc.date.accessioned2014-07-16T09:36:29Z
dc.date.available2014-07-16T09:36:29Z
dc.date.issued2014-07-16
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/10427
dc.descriptionDepartment of Accounting and Finance, 74p. 2013, HJ 9925 .K4O4en_US
dc.description.abstractThe current competitive business environment has forced organizations to scrutinize their inventory because of the important role it plays in the overall business operations .Thus the main purpose of the study was to investigate the effects of audit planning on inventory audit with particular reference to selected audit firms in Nairobi County. The general objective of the study was to investigate the effects of audit planning on inventory Audit while the specific objective of the study was to determine the effects of audit strategy, allocation of resource, focus on priority risk areas and the determination of the scope of audit on inventory audit. The research study used descriptive research design in collecting the data from respondents. The target population was drawn from two hundred and six audit firms located in Nairobi County consisting of Audit Partners, Audit Managers and other Audit Staff .The research study used stratified random sampling procedure to select a representative sample. The primary data for the study was collected using the questionnaires. Quantitative data was analysed using regression and correlation statistics with the aid of Statistical Package for Social Sciences (SPSS 17), while qualitative data was analyzed using content analysis. According to the study 87.3%, 76.1%, 81.7%, 77.5% of the respondents stated that, audit strategy, allocation of resources, scope of audit and priority risk areas respectively influence inventory audit. The study established that audit planning facilitates the auditor to develop audit strategy so as to determine in general terms how the inventory audit is to be carried; process of audit scope helps the auditor determine the resources necessary to perform the inventory audit and establishes the depth of the inventory audit; giving priority to risk areas and facilitates the auditors to factor various risks associated with inventory audit into the planning process. The study recommended that the auditor obtains the understanding of the accounting and internal control systems in the organization; consider the complexity of the entity's systems and controls and the manner in which they are used.en_US
dc.description.sponsorshipKenyatta Universityen_US
dc.language.isoenen_US
dc.titleAn investigation of the effects of audit planning on inventory audit. a survey of selected audit firms in Nairobi county.en_US
dc.typeThesisen_US


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