Drivers of Enhanced Internal Auditor’s Performance of NSE Listed Banks in Kenya
Date
2021Author
Mwende, Ruth M.
Machogu, Clifford
Njogu, Grace Wachera
Otieno, Dennis Charles
Metadata
Show full item recordAbstract
The study evaluated the key driver of enhanced financial performance in the Nairobi Stock Exchange (NSE) listed
banks in Kenya. The study posits objectivity, governance and independence have significant effects while the frequency
of reporting has no significant effect on the auditor’s performance in the NSE listed banks in Kenya. The study used a
descriptive research design and a case study to analyze the impact of the variables on auditor’s performance using
Likert collected responses. The correlation results established that internal auditor’s independence, good governance
and objectivity positively influenced the performance as they all had positive values. The R squared value being at
75.4% hence showing a good fit. The F statistic was also significant showing that the independent variables were
significantly different and that each could contribute differently to the auditor’s performance. To enhance
performance and mitigate adverse corporate governance issues management requires that the banks offer auditors
independence and authority in the management protocols and establish internal audit unit to undertake periodical
audits. To facilitate faster delivery of audit services including the detection and prevention of frauds and/or noncompliance
with public expenditure, the listed banks should provide a conducive work environment that enables the
use of cutting-edge ICT technology to support auditing functions, promote continuous training and develop
institutional mechanisms (e.g., enforcement, auditing, or corporate governance structures) to encourage compliance
with international standards.
Collections
- Journal Articles (BE) [326]