Influence Of Financial Accountability On Operational Efficiency Of County Funded Road Projects In Uasin Gishu County, Kenya
Abstract
Construction of road projects requires effective financial accounting to ensure that operations
during the construction process are determine the influence of auditing on operational efficiency
of county funded project in Uasin Gishu County; efficient. This is key to manage the time, cost
and quality constraints for all projects. The Chebiemit- Kapsowar road is one such project which
required be accounting for and managing to ensure that it was completed with the expected
outputs being issued. The main aim of the study was to investigate the influence of financial
accountability on the operational efficiency of county funded project. The study was guided by
the following research objectives to: establish the influence of disclosure on operational
efficiency of county funded project in Uasin Gishu County; evaluate the influence of
participatory decision making on operational efficiency of county funded project in Uasin Gishu
County, to establish the influence of availability and reliability of financial statements on
operational efficiency of county funded project in Uasin Gishu County and. The study employed
descriptive research design. The target population comprised of 37 project managers and
supervisors, 10 county financial officers, 11 county administration officers forming a total target
population of 57 respondents. The study used census sampling. The study employed the use of
both primary and secondary source to collect data. Questionnaires were the main primary
sources. Both quantitative and qualitative techniques were used to analyse the data. Quantitative
analysis involved the use of means, relative frequencies, mode, median and standard deviation.
Bivariate correlation analysis was used to test for measures of association between variables. In
view of the findings, the study developed recommendations tailored towards enhancing the better
performance of county funded road projects. The finding of the study indicated that auditing is a
way of monitoring and evaluating firm operations where financial records were presented to
accounting office on weekly basis. Gender biasness is minimal in participatory decision making.
This is because when the forum is open for people to contribute and give their insight both
genders are given an okay to give their contributions. The study found out that disclosure of
financial records shows every aspect of expenditure of a project. It means therefore that financial
records gives a real picture of the project status such that if someone wants to know if the project
is ailing, then he/she should look at its records. The study concluded that auditing is an
important factor that influence financial accountability in many construction companies only
when it is done by experts (auditors) and followed the required set standards while decision
making dictates the quality of work and hence the operational efficiency of a particular project.
Financial expenditure must also be noted by a person who has the knowledge of record keeping.
This means that the organization undertaking this road construction under study had employed a
financial expert who would keep every financial spending as the project is being implemented
while disclosure of records must contain every detail of records is exposed for auditing and other
management activities. The study recommended that organization should seek feedback for
every project they undertake to enable them determine its effectiveness, that project managers
involved community members in relation to demographic characteristics and that financial
managers of an organization put down records in a way that it can be understood by management
members yet it represent the real status of the project.
Publisher
University of Nairobi