The Relationship between data quality and internal audit findings of commercial banks in Kenya

Abstract

Study’s main objective was to establish the association between data quality and internal audit findings of commercial banks in Kenya. The study specifically sought to establish the relationship between data accessibility, data completeness, and data relevance on internal audit findings of commercial banks in Kenya. Adopted research design was descriptive whereby the study targeted all the 42 commercial banks in Kenya. Sample size selection was through stratified random sampling technique and a sample of 33 respondents was selected using simple random sampling. Primary data was used and was collected using questionnaires. Data collected was analyzed using SPSS version 21. Descriptive statistics were used to analyze quantitative data and presentations were done in tables and figures. Multiple regression analysis was used in ascertaining the relationship between data quality and internal audit findings of commercial banks in Kenya. The study found that data accessibility, data completion and data relevance significantly influence internal audit findings of commercial banks in Kenya. The study concluded that increasing data accessibility, data completion and data relevance by a single unit will lead to an increase in internal audit findings of commercial banks in Kenya. The study therefore recommends the management of commercial banks in Kenya to ensure that internal auditors can access information directly and easily. Banks management to ensure that they employ experts to help in mining of data, and to ensure their data is complete through data verification processes.