Please enter verification code
Statistical Analysis of the Role of Internal Audit in Promoting Good Governance in Public Institutions in Kenya
Journal of Investment and Management
Volume 4, Issue 1, February 2015, Pages: 38-46
Received: Jul. 16, 2015; Accepted: Jul. 22, 2015; Published: Jul. 29, 2015
Views 7540      Downloads 274
Kennedy Sakaya Barasa, Department of Statistics and Actuarial Sciences, Jomo Kenyatta University of Science and Technology, Nairobi, Kenya
Article Tools
Follow on us
Internal Auditing has increasingly been recognized as an integral part of modern control structures and governance practices in both the private sector and public service. It has also been adding value in organizations across all sectors for many years in order to fight against the global financial crisis and recent cases of corporate frauds that have brought into sharp focus the consequence of the precarious role to be played by the internal auditors in ensuring good corporate governance. The main objective of this study was to find out how the Risk Management, Control Process and Governance Process, which are functions of internal auditing are being recognized today at high level in many organizations, especially in public Sectors, when well structured and given the required mandate to perform, improves performance and serves as valuable contributors in Promoting good governance in its functions which are accountability, transparency, effectiveness & efficiency and responsiveness in the public institutions in Kenya. The research adopted both the descriptive and correlation research designs in order to be successful, where 370 out of 398 respondents, sampled from eighteen (18) public institutions, completed a structured questionnaire. The events were recorded; analyzed, interpreted and described by using SPSS version 20 and the specific tools that were adopted in order to identify the levels of contribution of Internal Audit in Good Governance in the public institutions, respondent responses were determined by their demographic profiles. Parametric statistics were used to derive a meaningful conclusion from the empirical data using tools like descriptive statistics, t-test and Pearson Correlation. The study concluded that there is a strong significant relationship between Internal Audit and Good Governance in Public institutions.
Audit, Internal Auditing, Internal Control, Public Sector, Value Addition, Governance, Kenya
To cite this article
Kennedy Sakaya Barasa, Statistical Analysis of the Role of Internal Audit in Promoting Good Governance in Public Institutions in Kenya, Journal of Investment and Management. Vol. 4, No. 1, 2015, pp. 38-46. doi: 10.11648/j.jim.20150401.16
Asare, T. (2008). A study of the role of internal auditing in the public sector of Ghana: Governance and accountability. Birmingham, United Kingdom: Cornhill
Ball, N. (2002). Enhancing Security Sector Governance: a conceptual framework of UNDP. UNDP
Barrett, P. (2002). Expectation, and Perception, of Better Practice Corporate Governance in the Public Sector from an Audit Perspective. Melbourne: CPA Australia’s Government Business Symposium
Belay, Z. (2007 ). A study on effective implementation of internal audit function to promote good governance in the public sector. addis ababa, ethiopia.
Gansberghe, C. N. (2005). Internal Audit: Finding its Place in Public Financial Management, Public Expenditure and Fiscal Accountability Programme. Washington D.C: World Bank.
Giovanis, G. D. (2011). Evaluation of the Effectiveness of Internal Audit in Greek Hotel Business. International Journal of Economic Sciences and Applied Research , 19-34.
Herbert Robinson, P. C. (2010). Governance & Knoweledge Management For Public-Private Partnerships. southern Gate, Chichester, Weuissex, United Kingdom: John Wiley & Sons, Ltd.
IIA. (2008). International Standards for the Professional Practice of Internal Audit. Altamonte Springs, FL.
INTOSAI . (2004). International Organization of Supreme Audit Institutions. Retrieved June 20, 2015, from for Internal Controls Standards for the Public Sector.
MINECOFIN. (2011). Internal Audit Charter. PP. 1-14.
PFM, S. P. (2011). Guidelines for Chief Budget Managers in Kenya
Pickett, K. H. (2010). The Internal Auditing Handbook, Third Edition. Southern Gate, Chichester, West Sussex, United Kingdom: John Wiley & Sons Ltd.
Sawyer, L. B. (2003). Sawyer's Internal Audit 5th edition/ the Practice of Moderne Internal Auditing. Altamonte Springs, Florida: The Institute of Internal Auditors
United Nations. (2005). The 2005 World Summit. The 2005 World Summit. New York: United Nations. PP.1-2.
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
Tel: (001)347-983-5186