Contextual Factors and Quality of Financial Reporting in Selected Public Technical Training Institutes in Kenya
| dc.contributor.author | Chemogos, Peter Kiprotich | |
| dc.date.accessioned | 2026-03-02T09:10:20Z | |
| dc.date.available | 2026-03-02T09:10:20Z | |
| dc.date.issued | 2025-11 | |
| dc.description | A Project Submitted to the School of Business Economics and Tourism in Partial Fulfilment of the Requirements for the Award of the Degree of Master of Business Administration (Accounting Option) of Kenyatta University. November, 2025 Supervisor Salome Musau | |
| dc.description.abstract | This study explored the contextual factors and quality of financial reporting in selected Technical Training Institutes (TTIs) in Kenya. Governments in today’s world continue to value financial reports and consider such reports valuable aids that can contribute positively to public confidence in improving public services. Nonetheless, due to the challenges in producing reliable TTIs' financial reports, the quality of financial reporting hinders the competitiveness of TTIs in today’s economy. Such circumstances reveal the need for significant change and improvement in the reporting systems in TVET institutions. The present literature on this subject remains scant. Therefore, this review endeavoured to cover this literature gap. Its specific research objectives were to: To explore internal control system impacts on quality of financial reporting of Kenya’s public TTIs, To ascertain International Public Sector Accounting Standards (IPSAS) adoption effects on quality of financial reporting of Kenya’s public TTIs, To identify audit committee effects on quality of financial reporting of Kenya’s public TTIs, To examine approved budget impacts on quality of financial reporting of Kenya’s public TTIs. The theoretical basis for the study drew upon Accounting Theory, Information Asymmetry Theory, and Agency Theory. The researcher collected primary data using questionnaires with closed and open questions. In selecting the participants, only staff members and board officials from ten TTIs across Kenya were used through a random sampling technique by targeting 145 participants. Data was analysed via multiple linear regression and descriptive methods then summarized in text and tables. According to study outcomes, internal controls, audit committee, IPSAS adoption, and approved budget implementation were revealed as the key factors of financial reporting quality. Consequently, internal control systems were established to have the most significant effect on the results reporting process, whilst audit committees, IPSAS standards, and budget execution have also been revealed to be crucial. This study established that internal control is significant for increasing the accuracy of the reports, reliability, and efficiency of the reporting process but can only be attained when it is strong and effective. Functional audit committees also statistically notably, positively related to financial reporting quality. For IPSAS adoption, implication was made clear that reporting practices were to be enhanced, and the observation done showed a valid and positive association with IPSAS, even though implementation in the public sector of Kenya is still underway. These outcomes audit committee’s vitality in enhancing internal and financial reporting and improving the accountability. It is beneficial to enhance financial reporting frameworks in public institutions to identify core facets regarding the financial statements’ integrity. It also attaches great significance to internal control systems as every financial activity's reliable and sound framework. The results are believed to enhance confidence in utilizing funds sourced from donors within the public sector entities. Therefore, the study suggests that stewardship authorities should demand compliance with sound financial and reporting practices and ensure that all the organizations in the public sector adhere to the set standards. This, in turn, calls for improved internal control procedures and audit control mechanisms to improve the reliability of the TTIs and similar entities’ financial reports. | |
| dc.identifier.uri | https://ir-library.ku.ac.ke/handle/123456789/32606 | |
| dc.language.iso | en | |
| dc.publisher | Kenyatta University | |
| dc.title | Contextual Factors and Quality of Financial Reporting in Selected Public Technical Training Institutes in Kenya | |
| dc.type | Thesis |