Abstract To better monitor and control risks, businesses may use risk-based internal audit (RBIA) practices. It also increases transparency and honesty in the financial reporting process. The Western Region and Kenyan Deposit Taking Savings and Credit Cooperatives (DT-SACCOs) are the primary subjects of this research. Despite having an audit department in place, some DT-SACCOs encounter difficulties in auditing their operations, such as a lack of audit evidence (too weak or incorrect) that m...
Abstract Over time, wages in the Kenyan banking sector have increased, but not at a rate that has kept up with inflation. This has had a negative effect in that the employees in the banking sector were unable to maintain the standards they were used to. In the banking industry, the average yearly wage per employee climbed from Kes 10,424 in 1968 to Kes 2,082,067 in 2021. The period from 1972 to 1994 saw the greatest loss in the buying power of earnings for banking personnel. From highs of Ke...
Abstract The effectiveness of internal auditing, particularly when it is tightly aligned with risk management frameworks, compliance standards, and strengthened internal controls, attracts substantial attention worldwide, particularly from governing authorities. This attention is directly derived from the distinct operational role that government sectors have in fostering economic activity. To achieve internal audit effectiveness, the provision of non-audit services must not be compromised. ...
Abstract Agriculture forms the backbone of the economy in most developing and developed countries. Its production has increased significantly over the last three to four decades. In 2018, it contributed to about 4% of global gross domestic product (GDP), and in 2020, it accounted for 35 percent of the gross domestic product (GDP) and 65 percent of foreign exchange earnings in Kenya. It’s also a primary source of raw materials for both national and international industries. However, its per...
Abstract Staff competency is a key factor in ensuring an organization performs and delivers on her mandates. Both professional and academic are important indicators of competency and it evolves over time in line with presenting scenarios. A mismatch between staff competencies and deployment creates apathy towards work which greatly compromises performance. At Masinde Muliro University of Science and Technology for instance, in the first half of the financial year 2021/2022, about 3% of emplo...
Abstract Microfinance Institutions (MFIs) services and activities in Kenya have helped the country reduce its poverty rate, but the country is still among the poorest in the world. Microfinance institutions in Kenya have also reported capital risk in terms of pricing since they have less flexibility to adjust prices due to their financial structure. The main objective of the study is to establishthe influence of capital risk on the financial performance of microfinance institutions in Kenya....
Abstract At the end of 2016, adults to the tune of 25 percent had not attained inclusion in financial matters. The general objective was to determine the effect of mobilebanking on financial inclusion among SMEs in Kakamega County, Kenya. This study was founded on the diffusion-innovation theory.The descriptive research design was adopted for a population of 9116, comprising 5108 small businesses and 4008 small-medium businesses in Kakamega County, Kenya. This study sampled 369 SMEs, who for...
Abstract Disruptions within the supply chain due to various risks can have significant and far-reaching consequences for businesses. To effectively address these risks, firms must develop robust strategies for risk management. The focal point of this study was the examination of supplier risk management practices and their influence on the performance of supply chains within the healthcare sector in Kenya. Employing a descriptive survey research design, the study targeted a pool of 102 respo...
Abstract Numerous worldwide institutions have encountered challenges in achieving their intended objectives. These difficulties have even caused some organizations to collapse, resulting in more significant and costly issues. Performance management systems in organizations have been considered the most significant. Therefore, effective performance management systems have numerous benefits for any organization, and performance management stands as a primary responsibility of HR. The performan...
Abstract The financial performance of Savings and Credit Cooperative Organizations (SACCOs) in Kenya has been a major concern in recent years, as they play a critical role in promoting financial inclusion and economic development in the country. SACCOs in Kenya have been criticized for making poor expansion decisions, leading to losses and declining financial performance. Several studies have explored the effects of expansion decisions on the financial performance of SACCOs. However, these s...
Abstract The dynamics of change in the business environments catalysed by globalization, changing consumer preferences, and the whirlwind development of technology have exerted immense pressure on commercial banks to introduce new approaches to enter new markets and exploit existing ones. Market innovation has thus become a vital tool for survival and development. This study examined the influence of market innovation on the competitiveness of Commercial Banks in Kenya. The study was guided ...
Abstract Tourism is a vital sector of Kenya’s economy by contributing to employment, alleviation of poverty, Gross Domestic Product (GDP), foreign exchange earnings, and balance of payments surplus. Tourism is a productive economic activity that needs a stable macroeconomic environment in terms of budgetary resource allocation for sustainable and continued growth. Thus, this study sought to establish the effect of government capital expenditure on tourism sector growth in Kenya. The study ...
Abstract Even though manufacturing firms in Kenya are of great value, there are inadequacies in financial performance. Kenyan Manufacturing firms are reporting losses, as evidenced by audit committee shortcomings and low earnings. The objective of the study was to determine the effect of audit committee effectiveness on the financial performance of manufacturing firms in Kenya. This study adopted a mixed research design with a target population of eight manufacturing firms listed at the Nair...
Abstract Evidence-based planning and budgeting within the health sector are essential in strengthening the health system building blocks. Decentralization has presented opportunities for collecting local and reliable data to facilitate evidence-based planning and budgeting. Despite the increasing availability of routine health information at all levels of the health system, its effective utilization among health managers in lower and middle-income countries remains inadequate. This study, th...
Abstract The purpose of the research was to determine whether or not the implementation of the Integrated Financial Management Information (IFMIS) financial reporting system improved the financial management of county governments in Kenya. The descriptive survey design and the causal research methodology were used for this study. The target population consisted of 302 workers working in the Treasury Department in the county governments of Kakamega, Busia, Vihiga, and Bungoma. This included 4...