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2012

Njoroge, SN.  2012.  Factors that contribute to the effectiveness of the internal Audit function as a corporate governance mechanism in public Universities in Kenya: (a case study of the university of Nairobi). , Nairobi: University of Nairobi Abstract

The purpose of the study was to establish the factors that contribute to the effectiveness of the
internal audit function as a corporate governance mechanism in public universities in Kenya. The
study set to provide an understanding and appreciation of the factors that are necessary for the
Internal Audit Function to be effective, and how best the function could be made to contribute to
the promotion of Good Corporate Governance in public institutions in Kenyan. A case study
design was adopted, and the UON was chosen for the study. To address this purpose, the study
sought to answer the following research question: what is the perception of the internal auditors
at the UON on the factors that contribute to the effectiveness of the internal audit function. The
target population for the study was all the Internal Audit staff in the internal audit department of
the UON. A total of 40 respondents were targeted.
The dependent variable was the Effectiveness of the Internal Audit Function, while the
independent variables were: Professional Proficiency of Internal Auditors, Quality of Audit
Work, Organizational Independence, Career and Advancement, and Top Management Support.
The researcher analyzed the collected data using descriptive statistics and presented the
presented the data in terms of percentages, frequency distribution and charts.
The findings from the study were that various factors contribute to the effectiveness of the
internal audit function as a corporate governance mechanism in public universities. These factors
range from professional proficiency of internal auditors, quality of audit work, organizational
independence, career and advancement and top management support. The study findings were
similar with those in existing literature reviewed; hence the conclusion that an effective internal
audit function contributes to corporate governance to a great extent. The research findings
indicated that there was a positive relationship between the variables, and that the effectiveness
in internal audit function in public universities can be explained by the identified factors.
The study recommended that there was need to invest in the internal audit function of
organizations, as this was bound to contribute to the enhancement of the corporate governance
structures. The study suggested that future research should focus on all public universities in
Kenya, and that a broad based study on role of Internal Audit on organizational performance in
both private and public organizations should also be carried out in future.

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