文章基本信息

标题：Internal auditing and financial performance of public institutions in Kenya: A case study of Kenya Meat Commission
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作者：Nelius Wangui Muchiri ; Ambrose Jagongo
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2017
卷号：11
期号：8
页码：168-174
DOI：10.5897/AJBM2017.8267
语种：English
出版社：Academic Journals
摘要：Internal 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.
关键词：Financial performance; internal auditing; corporate governance audit committee