dc.contributor.author | Keitany, Leng'ongu J | |
dc.date.accessioned | 2013-05-07T11:59:02Z | |
dc.date.available | 2013-05-07T11:59:02Z | |
dc.date.issued | 2000 | |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/19824 | |
dc.description.abstract | This study sets out principally to identify the effects of internal audit departments on the risk
assessments process by external auditors and to establish the empirical association between the
strength of internal audit departments and extent of reliance on internal controls by external
auditors. As a prelude, the relative importance of other risk indicators besides internal controls
were also addressed.
A structured questionnaire addressed to audit managers of both quoted companies and audit
firms was used to collect the data necessary for the study. A subset of the questionnaire was
used to construct a set of variables for the purpose of establishing the empirical associations. To
analyze the data, both descriptive and non-parametric statistics were used.
The analysis found out that. though, in relative terms, internal audit departments of firms in
financial investment sector was rated strongest, there was no significant differences in the
strength of internal audit departments across industries implying that auditors should rely equally
on the systems emanating from this departments if internal controls are sensitive to strength of
internal audit departments. However, except in two cases, there was no evidence that there was
any significant difference in the extent to which external auditors relied on the internal controls
of firms across sectors.
Further, no empirical association was located between the strength of internal audit departments
and extent of reliance on internal controls by external auditors. | en |
dc.description.sponsorship | The University of Nairobi | en |
dc.language.iso | en | en |
dc.subject | The Internal Audit Control Function | en |
dc.subject | Implication for Risk Assessment by the External | en |
dc.title | The internal audit control function and its implication for risk assessment by the external a case of quoted companies | en |
dc.type | Thesis | en |
local.publisher | Department of Accounting | en |