MCOM Theses and Dissertations (2012)

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Browsing MCOM Theses and Dissertations (2012) by Subject "Auditing"

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    Audit Quality Attributes and Client Satisfaction in the Public Sector in Kenya
    (Strathmore University, 2012) Atila, Grace Asiko Owendo
    The study sought to determine if there exists a relationship between audit quality attributes previously identified in the academic literature and client satisfaction in the public sector in Kenya and the extent of the relationship if it did exist. To address this purpose, heads of accounting units in government ministries were surveyed using the research questionnaire. The audit quality attributes studied were: Responsiveness to the client‟s needs Interaction with the audit Committee and the Conduct of the audit process. The study found that there existed a strong positive relationship between both the responsiveness to the client‟s needs and the conduct of the audit process and client satisfaction both of which were significant. Relationship between interaction with audit committee and client satisfaction was found to be weak and positive. In addition, the heads of accounting units in government ministries provided several suggestions for improving the service quality of audits in the public sector. The most common suggestions were: the need for public sector auditors to acquire skills in technical areas and the need for the auditor to be conversant with the government‟s Integrated Financial Management Information System (IFMIS).
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    Rationale for use of forensic accounting in reducing audit expectations gap : a case for central Kenya cooperative societies
    Wanjohi, Festus M.; Mboya, Josphat Kiweu
    This study examines the rationale for the use of forensic accounting as a mechanism for reducing the audit expectations gap. Fraudulent activities in Kenya have been responsible for widespread collapse and poor performance of firms, hence the potential use of forensic audit to detect frauds and narrow the audit expectations gap. The study tests empirically the three hypotheses that, first, the audit expectations gap exists in Kenyan audit engagements; secondly, the introduction of forensic audit will be an important mechanism in reducing audit expectations gap; and thirdly, the introduction of user education and better auditing and accounting standards are other important mechanisms for reducing the audit expectations gap. The study employs a descriptive research study design. The study uses a sample of 134 respondents, comprising of 118 cooperatives and 16 audit firms which were selected using a stratified systematic sampling approach. The data collection instrument preferred for the study was a questionnaire. The data was analyzed using inferential statistics such as Chi square statistics, f exact test, one sample and two sample tests. Study findings indicate that there is a significant difference in responses between auditors and cooperative members. These findings imply the existence of audit expectations gap in Kenyan audit engagements. In addition, t-tests indicate that forensic accounting, user education and better auditing standards are important mechanisms in reducing the audit expectations gap. The study contributes to literature on the discourse of the audit expectations gap which is scarce in Sub-Saharan Africa in general and Kenya in particular.