The Effect of the Quality of Risk-based Internal Auditing on the Effectiveness of Internal Audit in Regulatory State Corporations in Kenya
Abstract
The objective of the study was to determine the effect of the quality of risk based internal
audit on the effectiveness of internal audit in Regulatory State Corporations in Kenya.
The study considered all the forty Regulatory State Corporations listed on the website of
the State Corporations Advisory committee (SCAC). Data was collected by use of
questionnaires and analyzed using multivariate regression analysis. Correlation analysis
was used to test the relationship between the variables and the independent variable. The
study found that the quality of risk based internal auditing and effectiveness of internal
audit had a positive significant relationship. The quality of risk based internal audit and
management support for internal audit had a strong positive influence on the
effectiveness of internal audit in RSCs in Kenya. Management support for internal audit
had considerable effect on the availability of resources to internal audit. Professional
qualification of internal auditors was found to have no influence on the effectiveness of
internal audit.
Citation
Master Of Business AdministrationPublisher
University of Nairobi