Internal auditing and financial performance of public institutions in Kenya: A case study of Kenya Meat Commission

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dc.contributor.authorMuchiri, Nelius Wangui
dc.contributor.authorJagongo, Ambrose
dc.date.accessioned2017-12-29T07:42:47Z
dc.date.available2017-12-29T07:42:47Z
dc.date.issued2017
dc.descriptionResearch Articleen_US
dc.description.abstractInternal auditing provides audit services to the management at all levels, including board of directors and audit committee, thus improving the organizations corporate governance. The objectives that guided the research were effect of corporate governance on financial performance and effect of audit committee on financial performance. The researcher used case study research design; this was due to the fact that data was collected from one organization only, that is, Kenya Meat Commission (KMC). The sample size was all fifty seven management staff at KMC. Open and close ended questionnaires were used to collect primary data from the respondents. The data collected was quantitative. Descriptive statistics, time series and regression analysis were used to analyze the data. The data was presented in the form of tables. The data collected ascertained that internal auditing plays a major role in the financial performance. The findings of this study, however, are at odds with the aforementioned position. The researcher found that the relationship between the internal audit function existence and financial performance at the KMC was insignificant. That is, existence of internal auditing does not influence the profitability and return on investment. The researcher recommends that the internal audit function should be more independent and manned by competent staff. There should also be an independent oversight body to oversee the operations of the state corporation.en_US
dc.identifier.citationAfrican Journal of Business Management Vol. 11(8), pp. 168-174, 28 April, 2017 DOI: 10.5897/AJBM2017.8267en_US
dc.identifier.issn1993-8233
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/18022
dc.language.isoenen_US
dc.publisherAcademic Journalsen_US
dc.subjectFinancial performanceen_US
dc.subjectInternal auditingen_US
dc.subjectCorporate governance audit committeeen_US
dc.titleInternal auditing and financial performance of public institutions in Kenya: A case study of Kenya Meat Commissionen_US
dc.typeArticleen_US
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