The Effects of forensic accounting services on the integrity of financial statements of public sector entities in Kenya

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dc.contributor.authorMagetto, M. C. M.
dc.date.accessioned2023-08-04T10:01:20Z
dc.date.available2023-08-04T10:01:20Z
dc.date.issued2023
dc.descriptionFull- text thesis
dc.description.abstractThis study examined the effect of forensic accounting services on the integrity of financial statements of public sector entities in Kenya. Specifically, the study sought to; determine whether forensics accounting techniques are appropriate in uncovering fraudulent financial statements among public sector entities; assess whether computer-assisted reviews are appropriate in uncovering fraudulent financial statements among public sector entities and examine the extent to which fraud deterrence skills contribute to the uncovering of fraudulent financial statements among the public sector entities in Kenya. The study was anchored on the Prospect theory and Fraud diamond theory. The study adopted a positivist research philosophy with descriptive research guiding the examination of the research problem. Seven public sector entities were considered as the target population as well as the study sample size which constituted 120 staff members consisting of top and middle-level management. A stratified random sampling method was used to choose 120 respondents from the target population. The top and middle-level managers were chosen because they have the best knowledge and understanding of the research problem and are best equipped to judge whether using forensic accounting services to reduce financial statement fraud is viable. The study used a quantitative research methodology, and structured questionnaires were taken into consideration when gathering data. A quantitative analysis was performed on the research data that was gathered. Descriptive and inferential statistics were used in the quantitative analysis. Figures and tables were used to illustrate the data after analysis. With the aid of descriptive statistics and the Ordinal (Ordered) Logistic Regression model, the result revealed the application of forensic accounting services significantly enhanced the integrity of the financial statements of public sector entities. The study further revealed the importance of forensic accounting techniques as well as computer-assisted reviews on the integrity of financial statements. Also, the study revealed the importance of fraud deterrence skills on the integrity of financial statements and the lack of capacity and awareness of most staff of the workings of computer-assisted reviews as well as the use of forensics accounting techniques in enhancing the integrity of financial statements. It was recommended that public sector organizations should be mandated to implement forensics accounting techniques, computer-assisted reviews, and fraud deterrence techniques, as well as expanded training on the use of forensic accounting services and their value to the public sector organizations. Additionally, the use of anonymous hotlines should be promoted, along with widespread public awareness initiatives and prompt responses to inquiries from public sector management.
dc.identifier.citationMagetto, M. C. M. (2023). The Effects of forensic accounting services on the integrity of financial statements of public sector entities in Kenya [Strathmore University]. http://hdl.handle.net/11071/13430
dc.identifier.urihttp://hdl.handle.net/11071/13430
dc.language.isoen
dc.publisherStrathmore University
dc.titleThe Effects of forensic accounting services on the integrity of financial statements of public sector entities in Kenya
dc.typeThesis
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MCOM Theses and Dissertations (2023)