Internal audit function and financial performance of public ministries: a case study of Homa Bay District Treasury in Kenya
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Date
2013-11
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University,College of Economics and Management
Abstract
The purpose of the study was to establish how internal audit function affects
financial performance of Public Ministries. The study focused in examining the
relationship between the internal audit function and financial performance, in Public
Ministries.
The study adopted the quantitative research methodology employing a cross
sectional research design. A population of 434 was selected from some selected
departments of Public Ministries of Homa Bay County using stratified simple random
sampling.
The findings of the study revealed a significant and positive relationship between
internal audit function and financial performance in public ministries.
The study recommended that District Ministries should adopt strong policy measures
on the variables of internal audit function which are risk management and internal
controls and also aim at creating a committed workforce for better financial
performance.
Description
Research report submitted to College of Applied Economics and Management Sciences in partial fulfillment of the requirements for the Award of Bachelors Degree In Business Administration of Kampala International University
Keywords
Audit, Function, Financial, Performance, Public ministries