MCOM Theses and Dissertations (2013)
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Browsing MCOM Theses and Dissertations (2013) by Subject "Auditing"
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- ItemDeterminants of internal audit in the audit of strategic risk of state corporations in Kenya(Strathmore University, 2013) Otieno, Victor OdindoThis study aims to establish the determinants of internal audit in the audit of strategic risk in state corporations in Kenya. It further examines the relationship between audit of strategic risk and the determinants of internal audit. A quantitative research approach was employed in this research. This was further complemented by a descriptive survey design. An email based questionnaire was used to collect data. Findings were drawn from the questionnaire survey distributed to 178 state corporations in Kenya targeting internal auditors. This study also provides descriptive information on the determinants of internal audit. The determinants of internal audit were found to play an important role in the audit of strategic risk. Management support of the functions of the internal audit as a determinant of internal audit was seen as the most influencing factor compared to the other determinants, The determinants included independence of the internal audit function, presence of a risk management unit, budgetary allocation to internal audit, and internal auditors' skills. Almost all the internal auditors questioned considered strategic risk as a key determinant in their audit mission. The findings disclose a clear picture of the determinants of internal audit in the audit of strategic risk, as well as an enhanced appreciation of the strategic role of internal audit in state corporations. This study reveals the determinants of internal audit in the audit of strategic risk of state corporations in Kenya. It also provides a framework that would guide internal auditors as they audit strategic risk in their organizations. Although this study was limited to state corporations in Kenya, the findings could be extended to different country settings which would provide great opportunities for future research.
- ItemAn examination of the audit quality difference among big 4 audit firms in Kenya (an audit committee's perspective)(Strathmore University, 2013-06) Gitare, David K.The purpose of this study is to examine whether audit quality differences exist among the Big 4 audit firms in Kenya. The study also evaluates the extent to which audit committees (ACs)review the quality of work of the external auditor as required by the Corporate Governance Guidelines(CGGs)provided by the Capital Markets Authority(CMA). One way Analysis of Variance(ANOVA)technique is used to evaluate audit quality differences among Big 4 audit firms based on the questionnaire responses obtained from AC members of companies quoted on the Nairobi Securities Exchange(NSE). Percentage analysis is used to assess the extent to which ACs perform certain quality review checks on the work of external auditors as per the Centre for Audit Quality(CAQ)tool. This study contributes to the body of audit quality literature by examining audit quality using a new tool developed for ACs by the Centre for Audit Quality(CAQ). This methodology is in contrast to other audit quality proxies such as frequency of litigation occurrences, audit fees. Audit tenure. size of discretionary accrual. Extent of IPO under pricing and frequency of financial statement restatements that have been used in prior audit quality research. The study finds that there are no statistically significant audit quality differences among the Big 4 audit firms in Kenya. The study confirms the proposition used in prior researches on audit quality that Big 4 audit firms provide homogeneous audit quality. The study also Ends that ACs, to a large extent, review the quality of work of external auditors as per the CAQ tool.
- ItemThe relationship between safety audit effectiveness and client satisfaction : a case study of private schools in Embakasi Constituency, Nairobi, Kenya.(Strathmore University, 2013) Oyoo, Willis OdhiamboThe purpose of this paper was to establish if there exists a relationship between safety audit effectiveness and client satisfaction amongst private schools in Embakasi constituency in Nairobi. To address this objective, a cross sectional design approach was adopted whereby the various heads of the school safety programs were surveyed using research questionnaires. Safety audit effectiveness was established by key indicators of effectiveness as identified from related literature. The indicators studied were: Standard Setting, Feedback Mechanism and Behavior Modification. The study found a strong positive relationship between Standard setting and client satisfaction. Between feedback mechanism and client satisfaction the study found a weak positive relationship which was not significant. Behavior Modification and client satisfaction depicted a negative relationship. The study also established that half the schools had a good understanding of the school safety and procedures manual despite about 68% of the institutions indicating that the levels of emergency preparedness in the institutions were not enhanced by the safety audits. Primary data was obtained by using a questionnaire which was submitted to the various schools heads of safety programs within Embakasi Constituency. Embakasi constituency consist of 38 private secondary schools and is the most populous zone in Nairobi County. The National Institute of Health (2006) in its study on emergency call workload and population density concluded that the higher the population density, the higher the emergency call rate. Feedback derived was used to draw relationships between the safety audit effectiveness and client satisfaction. The research further made recommendations on areas based on it findings it felt the safety officers would improve to enhance satisfaction. Additionally, the research has made proposals for additional research into client satisfaction with safety audits. This paper contributes to the body of occupational health and safety program within Kenya which was enacted in 2007 with an objective of minimizing business and human losses to organizations arising from emergencies. The findings give incite to what could be a contributor to the rising levels of emergencies in schools despite having legislation in place.