CONTROL ACTIVITIES AND FINANCIAL ACCOUNTABILITY LESSONS FROM THE NATIONAL GOVERNMENT CONSTITUENCIES DEVELOPMENT FUND IN KENYA

Autori

  • Patrick Malongo Lidovolo PhD Student, Kaimosi Friends University, Kenya
  • Joseph Otsyulah Dr., Department of Business Administration and Management Sciences, Kaimosi Friends University, Kenya
  • Margaret Atieno Omondi Dr., Department of Accounting and Finance, Kaimosi Friends University, Kenya

DOI:

https://doi.org/10.46827/ejefr.v7i3.1566

Rezumat

The objective of NG-CDF is to promote human and infrastructural development at the community and constituency levels. The aim of the study was to examine the effect of control activities on the financial accountability of NG-CDF funds in Kenya. The study was structured on; agency theory, fraud triangle theory, and accountability theory. Positivism research philosophy guided the study. A correlation research design was adopted. The target population of the study was 1160 respondents while the sample population was 288 respondents consisting of; 72 committee members, 72 sub-county accountants, 72 fund account managers, and 72 internal auditors. It was established that there exists a strong and positive association exists between control activities and financial accountability evidenced by; r = 0.718. Control activities were further established to have a significant effect on unsupported expenditure which was confirmed by β = 2.157, P-value 0.005. It was recommended that the NG-CDF management committee should strengthen the separation of duties and ensure that the stipulated guidelines for approval are followed at all times.


JEL: G10, G20, G32

 

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Biografii autori

  • Patrick Malongo Lidovolo, PhD Student, Kaimosi Friends University, Kenya

    Patrick Lidovolo is a PhD student at Kaimosi Friends University, Kenya.

  • Joseph Otsyulah, Dr., Department of Business Administration and Management Sciences, Kaimosi Friends University, Kenya

    Dr. Atieno Margaret Omondi is a Lecturer at Kaimosi Friends University, Kenya in the School of Business and Economics, Department of Accounting and Finance.

  • Margaret Atieno Omondi, Dr., Department of Accounting and Finance, Kaimosi Friends University, Kenya

    Dr. Otsyulah Joseph is a Lecturer at Kaimosi Friends University, Kenya in the School of Business and Economics, Department of Business Administration.

Referințe

Carcello, J. V., Hermanson, D. R. & Raghunandan K. (2019). Changes in Internal Auditing During the Time of the Major US Accounting Scandals. International Journal of Auditing, 9(2).

Mutheu Purity Sammy and Willy Muturi (2018, October). Project Specific Factors Affecting Performance of County Government Projects in Kenya: A Case 0f Nyandarua County. International Journal of Social Sciences and Information Technology, 4(10), 539-558.

Mutwiri, F. R. (2021). Antecedents of Project Success in Constituency Development Fund Construction Projects in Kenya. Nairobi: Jomo Kenyatta University of Agriculture and Technology.

Omondi Atieno Margaret (2019). Control Activities and Financial Accountability Insight from the Perspective of Kenyan National Public Secondary Schools. OSR Journal of Economics and Finance, 51-55.

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Publicat

2023-09-26

Număr

Volum 7 Nr. 3 (2023)

Secțiune

Articles