SOLOMON NGAHU - Academia.edu (original) (raw)
Papers by SOLOMON NGAHU
International Journal in Management and Social Science, 2015
IOSR Journal of Business and Management, Sep 1, 2016
Strategic Journal of Business & Change Management, Mar 18, 2022
The Kenya’s Land Act 2012 spells out the legal procedures that ought to be followed by banks befo... more The Kenya’s Land Act 2012 spells out the legal procedures that ought to be followed by banks before they dispose a defaulter’s land. The Act has been observed to be a major hindrance to recovery of delinquent loans by banks due to the bureaucratic process that must be followed in the recovery process. It is against this backdrop that this study was carried out with the objective of establishing how spousal consent in land disposal affects recovery of delinquent loans. The study was limited to the 30 commercial banks operating in Nakuru town, Kenya. The study adopted a cross-sectional research design. The target population comprised of 154 credit officers working in these banks. A sample of 61 respondents was drawn using stratified random sampling method. A structured questionnaire was employed to collect data. A pilot study was conducted prior to the main study in order to assess both the reliability and validity of the research instrument. Descriptive analysis followed by inferenti...
The International Journal of Business & Management
Just like other commercial banks, Equity Bank experiences cases of poor loan repayment. The purpo... more Just like other commercial banks, Equity Bank experiences cases of poor loan repayment. The purpose of the study is to assess the influence of the financial skills of group members on loan repayment at Equity Bank in Nakuru County. The study was informed by the social capital theory and financial self–efficiency theory. The study adopted a descriptive research design. The study's target population was 72 credit officers in the six Equity Bank Branches in Nakuru County. The study also targeted 492 chairpersons of groups that are servicing their loans in the six Equity Bank Branches. Since the target population of credit officers was manageable census technique was adopted to incorporate all the 72 targeted officers. For the group of chairpersons, the study adopted slovins' formula to get a sample of 221 groups. In addition, the study adopted stratified random sampling to get the sample of a group in each branch. The study collected primary data. Primary data was collected usi...
International Journal in Management and Social Science, 2015
The annual amount of funds not utilized by Kenyan Government Counties returned to treasury has be... more The annual amount of funds not utilized by Kenyan Government Counties returned to treasury has been a cause of concern to all stakeholders in the public management field. This study sought to investigate factors that affect budget utilization in County Governments by selecting on the case for Kericho County in Kenya. The respondents consisted of 33 accounts, finance and County Executives in the County. A descriptive research design was adopted where questionnaire were employed to collect primary data. The findings indicated that there existed a positive and statistically significant relationship between tax compliance and budget utilization (r=0.358; p<0.05), a weak negative correlation was observed between VAT policy and budget utilization (r=-0.492; p<0.01). Government policy and inflation were also found to affect budget utilization negatively at (r=-0.560; p<0.05) and (r=-0.552; p<0.01) respectively. These findings led to a conclusion that the complexity of the tax s...
The International Journal of Business & Management, 2021
Community-based organizations (CBOs) play a critical role in improving the livelihood of millions... more Community-based organizations (CBOs) play a critical role in improving the livelihood of millions of the citizenry. Therefore, their sustainability, particularly financial sustainability is very crucial. More often than not, the aforesaid sustainability is contingent to cash flow within the organization. Cash flow is defined as a pool of funds that the company commits to its fixed assets, accounts receivables, marketable securities and inventories. It also represents all inputs and outputs in liquidities and cash equivalents in an organization. Cash flow is a key factor which enhances organizational operations and its performance (Efobi, 2008). A suitable and a well-developed cash flow mix ensures that shareholders value is maximized. Information regarding cash flow assist financial statement users to obtain relevant information on the use of all financial resources over a given period of time. Cash flows can be categorized as operating, investing and financing activities (Noor, Nour, Musa , & Zorqan, 2012). Cash flow forecast is a projection of an organizations future financial position based on anticipated payments and receivables. It is one of the cash flow management practices. Cash flow forecasting is the process used to derive a cash flow forecast. Organization managers should develop both short term and long-term cash flow projections. Short term projections are normally prepared on a weekly or monthly basis and help in management of daily cash while long term projections are normally prepared on a period of 3 to 5 years and aid the management to develop the necessary capital strategy to meet their business needs(Penning & Fardon, 2010). The value of a firm is determined by the present value of future cash flow that is predicted using specific information since it is difficult to predict precisely the future cash flow. Cash flow forecasting has become widely used through the aid of financial information services. Cash flow information enables practitioners to better understand the real operating performance and financial stability of a company especially when the earnings information is low quality. Cash
IOSR Journal of Humanities and Social Science, 2017
Generally, internal audit has become an indispensable management tool for achieving effective con... more Generally, internal audit has become an indispensable management tool for achieving effective control in both public and private organizations. Therefore this study will seek to establish factors influencing the adoption of risk based internal audit in Kenya and Livestock Research Organization. More specifically the study sought to establish the influence of ICT on risk based internal audit adoption in KARLO. A descriptive research design was employed on a target population comprised of the senior managers in KARLO. A census approach was utilized on a population of 64 senior managers. Questionnaires were used as the main data collection instruments. The collected data was then organized and analyzed using statistical package for social sciences (SPSS) version 24. Data was analysed in form of descriptive statistics and inferential statistics. The study established that ICT infrastructure had positive significant relationship with the adoption of risk base internal auditing. The study concluded that ICT infrastructure have significant influence on the adoption of risk based internal auditing. The study recommended that the board of management should come up with policy measures that will aim at enhancing the adoption of risk based internal auditing. The measures should address the enhancement of ICT infrastructure in the organization.
IOSR Journal of Humanities and Social Science, 2017
Islamic banks face new and unique risk stemming from their unique assets and liability structure ... more Islamic banks face new and unique risk stemming from their unique assets and liability structure as compared to conventional banks. This new risk exists due to compliance with Sharia requirements. Therefore this study sought to establish the influence of risk management practices on credit performance of first community bank (FCB) in Nairobi Kenya. Specifically the influence of risk identification on credit performance in FCB was examined. The study utilized risk management theory. A descriptive survey research design was employed with census approach used in data collection. The target population included branch managers, operations managers, and credit officer in the seven branches of FCB in Nairobi making a total of 56 respondents. Research questionnaires were used for data collection. Data was analyzed in form of descriptive and inferential statistics. Analysis was done using Statistical Package for Social Sciences (SPSS) version 24. The study established that risk identification had significant relationships with the credit performance in FCB. It was concluded that risk identification played a key role in credit performance of the bank. The researcher recommended that the board of management should enhance risk management policies that would improve their risk management practices.
IOSR Journal of Business and Management, 2014
The purpose of the current study was to establish the effect of risk assessment on financial perf... more The purpose of the current study was to establish the effect of risk assessment on financial performance in insurance firms in Nakuru town. Descriptive survey was employed. The target population comprised of 52 management employees in 27 insurance firms in Nakuru town. Census was employed to elect the sample size in the study. Data was collected using a structured questionnaire with questions on a 5-point Likert scale. Data was analyzed using mean, standard deviation, percentage and Pearson correlation analysis and the results presented in tables. The Statistical Package of Social Sciences software was used to assist in data analysis. The study concludes that risk based auditing through risk assessment positively affected the financial performance of insurance companies in Nakuru Town. Risk assessment enables the insurance companies to detect risks on time and concentrate on high risk areas leading to increased transparency and accountability and enhanced financial performance of insurance companies. Thus the study has found a strong association between risk based auditing and financial performance of insurance companies. The study recommends that management of insurance companies in Nakuru Town should adopt effective risk based audit practices such as risk assessment to enhance effective and efficient financial performance. The findings of this study are expected to provide useful insights and fresh empirical evidence of the relationship between risk based audit practices and financial performance in insurance companies in the Kenyan context.
IOSR Journal of Business and Management, 2014
This study sought to establish the effect of control activity on financial management in Mirangin... more This study sought to establish the effect of control activity on financial management in Mirangine Sub County of Nyandarua County. The study adopted a descriptive design and targeted 30 accounting, finance and administrative staff in the government departments in Mirangine Sub County. The study employed a census survey where all members of the target population constituted the study sample. A structured questionnaire was used to collect data. Both descriptive and inferential statistics were used in data analysis. The study findings were presented in the form of tables and figures that captured both descriptive and inferential results. The study concludes that the public sector in Mirangine Sub County has an effective internal control system characterized by clear separation of roles, supervision and commitment of management. However, there are weaknesses in the implementation of financial controls since internal audit function is not well extended to all the departments. On financial management, the study concludes that the prudential use of financial resources in Mirangine Sub County is not appropriate although there is improved asset use and classification of revenues and expenditures. The final conclusion of this study is that there is a significant positive relationship between control activities and financial management. The study recommends competence staff profiling, establishment of information system within the departments and improving the generation of more finances for the operations of the government departments.
Sustainability, 2016
Farmers use credit from commercial credit providers to finance production activities. Commercial ... more Farmers use credit from commercial credit providers to finance production activities. Commercial credit providers have to predict the financial sustainability of the enterprise to ensure that the borrower will have the ability to repay the loan. A Delphi study was conducted to explore what factors are used as indicators of loan-repayment ability of farmers. The objective was not only to identify factors that are currently considered, but also to identify other personal attributes that may improve the accuracy in predicting the repayment ability of potential borrowers. The Delphi was applied to a panel consisting of nine credit analysts and credit managers from a commercial credit provider in South Africa. The results indicate that the current and past financial performance, account standing, collateral, and credit record of the farm are very important in the assessment of applications in terms of financial performance. Experience and the success factors compared to competitors were found to be important, while age and education/qualification are regarded as less important in predicting repayment ability. The results also show that, although not currently objectively included in credit evaluations, credit analysis regards leadership and human relations; commitment and confidence; internal locus of control; self-efficacy; calculated risk taking; need for achievement; and opportunity seeking as important indicators of the ability of potential borrows to repay their loans. Thus, credit analysts and managers also regard management abilities and entrepreneurial characteristics of potential borrowers to be good indicators of repayment ability. Results from this research provide new indicator factors that can be used to extend existing credit evaluation instruments in order to more accurately predict repayment ability.
International Journal of Research, 2015
Central Bank of Kenya (CBK) regulations forms part of the requirement, restrictions and guideline... more Central Bank of Kenya (CBK) regulations forms part of the requirement, restrictions and guidelines that should be used to ensure stability, foster liquidity, solvency and proper functioning of a stable market- based financial system. The study purposed to assess the influence of central bank of Kenya Lending rates towards loan uptake by commercial bank customers. The study was carried out in Eldoret town focusing on six selected banks. Descriptive research design was used targeting commercial bank clients. The sample size for the study was 341 with each bank sampling 56 individuals. Stratified simple random sampling technique was used with closed ended questionnaires aiding in data collection. Data was analyzed using Statistical Package for Social Scientist where descriptive and chi squire statistics were used as analysis techniques. Hypothesis test was conducted presenting the findings in Tables. The findings of the study revealed that there was a significant influence between len...
The annual amount of funds not utilized by Kenyan Government Counties returned to treasury has be... more The annual amount of funds not utilized by Kenyan Government Counties returned to treasury has been a cause of concern to all stakeholders in the public management field. This study sought to investigate factors that affect budget utilization in County Governments by selecting on the case for Kericho County in Kenya. The respondents consisted of 33 accounts, finance and County Executives in the County. A descriptive research design was adopted where questionnaire were employed to collect primary data. The findings indicated that there existed a positive and statistically significant relationship between tax compliance and budget utilization (r=0.358; p<0.05), a weak negative correlation was observed between VAT policy and budget utilization (r=-0.492; p<0.01). Government policy and inflation were also found to affect budget utilization negatively at (r=-0.560; p<0.05) and (r=-0.552; p<0.01) respectively. These findings led to a conclusion that the complexity of the tax s...
Globally, forensic auditing is a lifeline for many corporate organizations survival. It offers us... more Globally, forensic auditing is a lifeline for many corporate organizations survival. It offers useful and unique auditing services and techniques. In recent years, forensic accounting has experienced substantial growth, becoming an important tool in detection, prevention and alleviation of economic crimes not only globally but also in Kenya. The purpose of this study was to investigate the application of forensic accounting skills in the mitigation of fraud with particular reference to the accounting firms in Nakuru County, Kenya. The theory of fraud triangle and diamond, provided the theoretical underpinning for this study. Descriptive survey research design was adopted for the study. The target population consist of 25 respondents from 25 accounting firms. Questionnaires were used as instruments of data collection. Quantitative data was analysed using frequency counts, means and percentages while qualitative data was analysed by tallying the numbers of similar responses. The resul...
The purpose of this study was to establish the role of fraud prevention on effective financial re... more The purpose of this study was to establish the role of fraud prevention on effective financial reporting in the County Government of Nakuru. The study adopted a descriptive approach. The sample size was 106 accountants, finance officers, auditors and procurement officers in the County Government of Nakuru. Data was collected by the use of structured questionnaires. Descriptive statistics comprising means and standard deviations were used to analyze the data. Inferential statistics which included Pearson’s correlation was used in data analysis. The study concluded that fraud prevention influenced effective financial reporting in the county government of Nakuru. This effect is supported by the significant positive relationship observed between fraud policy and effective financial reporting in the county government of Nakuru. Pearson’s correlation coefficients revealed a moderate positive relationship between fraud policy and effective financial reporting. The study recommends that fra...
The International Journal of Business & Management
International Journal in Management and Social Science, 2015
IOSR Journal of Business and Management, Sep 1, 2016
Strategic Journal of Business & Change Management, Mar 18, 2022
The Kenya’s Land Act 2012 spells out the legal procedures that ought to be followed by banks befo... more The Kenya’s Land Act 2012 spells out the legal procedures that ought to be followed by banks before they dispose a defaulter’s land. The Act has been observed to be a major hindrance to recovery of delinquent loans by banks due to the bureaucratic process that must be followed in the recovery process. It is against this backdrop that this study was carried out with the objective of establishing how spousal consent in land disposal affects recovery of delinquent loans. The study was limited to the 30 commercial banks operating in Nakuru town, Kenya. The study adopted a cross-sectional research design. The target population comprised of 154 credit officers working in these banks. A sample of 61 respondents was drawn using stratified random sampling method. A structured questionnaire was employed to collect data. A pilot study was conducted prior to the main study in order to assess both the reliability and validity of the research instrument. Descriptive analysis followed by inferenti...
The International Journal of Business & Management
Just like other commercial banks, Equity Bank experiences cases of poor loan repayment. The purpo... more Just like other commercial banks, Equity Bank experiences cases of poor loan repayment. The purpose of the study is to assess the influence of the financial skills of group members on loan repayment at Equity Bank in Nakuru County. The study was informed by the social capital theory and financial self–efficiency theory. The study adopted a descriptive research design. The study's target population was 72 credit officers in the six Equity Bank Branches in Nakuru County. The study also targeted 492 chairpersons of groups that are servicing their loans in the six Equity Bank Branches. Since the target population of credit officers was manageable census technique was adopted to incorporate all the 72 targeted officers. For the group of chairpersons, the study adopted slovins' formula to get a sample of 221 groups. In addition, the study adopted stratified random sampling to get the sample of a group in each branch. The study collected primary data. Primary data was collected usi...
International Journal in Management and Social Science, 2015
The annual amount of funds not utilized by Kenyan Government Counties returned to treasury has be... more The annual amount of funds not utilized by Kenyan Government Counties returned to treasury has been a cause of concern to all stakeholders in the public management field. This study sought to investigate factors that affect budget utilization in County Governments by selecting on the case for Kericho County in Kenya. The respondents consisted of 33 accounts, finance and County Executives in the County. A descriptive research design was adopted where questionnaire were employed to collect primary data. The findings indicated that there existed a positive and statistically significant relationship between tax compliance and budget utilization (r=0.358; p<0.05), a weak negative correlation was observed between VAT policy and budget utilization (r=-0.492; p<0.01). Government policy and inflation were also found to affect budget utilization negatively at (r=-0.560; p<0.05) and (r=-0.552; p<0.01) respectively. These findings led to a conclusion that the complexity of the tax s...
The International Journal of Business & Management, 2021
Community-based organizations (CBOs) play a critical role in improving the livelihood of millions... more Community-based organizations (CBOs) play a critical role in improving the livelihood of millions of the citizenry. Therefore, their sustainability, particularly financial sustainability is very crucial. More often than not, the aforesaid sustainability is contingent to cash flow within the organization. Cash flow is defined as a pool of funds that the company commits to its fixed assets, accounts receivables, marketable securities and inventories. It also represents all inputs and outputs in liquidities and cash equivalents in an organization. Cash flow is a key factor which enhances organizational operations and its performance (Efobi, 2008). A suitable and a well-developed cash flow mix ensures that shareholders value is maximized. Information regarding cash flow assist financial statement users to obtain relevant information on the use of all financial resources over a given period of time. Cash flows can be categorized as operating, investing and financing activities (Noor, Nour, Musa , & Zorqan, 2012). Cash flow forecast is a projection of an organizations future financial position based on anticipated payments and receivables. It is one of the cash flow management practices. Cash flow forecasting is the process used to derive a cash flow forecast. Organization managers should develop both short term and long-term cash flow projections. Short term projections are normally prepared on a weekly or monthly basis and help in management of daily cash while long term projections are normally prepared on a period of 3 to 5 years and aid the management to develop the necessary capital strategy to meet their business needs(Penning & Fardon, 2010). The value of a firm is determined by the present value of future cash flow that is predicted using specific information since it is difficult to predict precisely the future cash flow. Cash flow forecasting has become widely used through the aid of financial information services. Cash flow information enables practitioners to better understand the real operating performance and financial stability of a company especially when the earnings information is low quality. Cash
IOSR Journal of Humanities and Social Science, 2017
Generally, internal audit has become an indispensable management tool for achieving effective con... more Generally, internal audit has become an indispensable management tool for achieving effective control in both public and private organizations. Therefore this study will seek to establish factors influencing the adoption of risk based internal audit in Kenya and Livestock Research Organization. More specifically the study sought to establish the influence of ICT on risk based internal audit adoption in KARLO. A descriptive research design was employed on a target population comprised of the senior managers in KARLO. A census approach was utilized on a population of 64 senior managers. Questionnaires were used as the main data collection instruments. The collected data was then organized and analyzed using statistical package for social sciences (SPSS) version 24. Data was analysed in form of descriptive statistics and inferential statistics. The study established that ICT infrastructure had positive significant relationship with the adoption of risk base internal auditing. The study concluded that ICT infrastructure have significant influence on the adoption of risk based internal auditing. The study recommended that the board of management should come up with policy measures that will aim at enhancing the adoption of risk based internal auditing. The measures should address the enhancement of ICT infrastructure in the organization.
IOSR Journal of Humanities and Social Science, 2017
Islamic banks face new and unique risk stemming from their unique assets and liability structure ... more Islamic banks face new and unique risk stemming from their unique assets and liability structure as compared to conventional banks. This new risk exists due to compliance with Sharia requirements. Therefore this study sought to establish the influence of risk management practices on credit performance of first community bank (FCB) in Nairobi Kenya. Specifically the influence of risk identification on credit performance in FCB was examined. The study utilized risk management theory. A descriptive survey research design was employed with census approach used in data collection. The target population included branch managers, operations managers, and credit officer in the seven branches of FCB in Nairobi making a total of 56 respondents. Research questionnaires were used for data collection. Data was analyzed in form of descriptive and inferential statistics. Analysis was done using Statistical Package for Social Sciences (SPSS) version 24. The study established that risk identification had significant relationships with the credit performance in FCB. It was concluded that risk identification played a key role in credit performance of the bank. The researcher recommended that the board of management should enhance risk management policies that would improve their risk management practices.
IOSR Journal of Business and Management, 2014
The purpose of the current study was to establish the effect of risk assessment on financial perf... more The purpose of the current study was to establish the effect of risk assessment on financial performance in insurance firms in Nakuru town. Descriptive survey was employed. The target population comprised of 52 management employees in 27 insurance firms in Nakuru town. Census was employed to elect the sample size in the study. Data was collected using a structured questionnaire with questions on a 5-point Likert scale. Data was analyzed using mean, standard deviation, percentage and Pearson correlation analysis and the results presented in tables. The Statistical Package of Social Sciences software was used to assist in data analysis. The study concludes that risk based auditing through risk assessment positively affected the financial performance of insurance companies in Nakuru Town. Risk assessment enables the insurance companies to detect risks on time and concentrate on high risk areas leading to increased transparency and accountability and enhanced financial performance of insurance companies. Thus the study has found a strong association between risk based auditing and financial performance of insurance companies. The study recommends that management of insurance companies in Nakuru Town should adopt effective risk based audit practices such as risk assessment to enhance effective and efficient financial performance. The findings of this study are expected to provide useful insights and fresh empirical evidence of the relationship between risk based audit practices and financial performance in insurance companies in the Kenyan context.
IOSR Journal of Business and Management, 2014
This study sought to establish the effect of control activity on financial management in Mirangin... more This study sought to establish the effect of control activity on financial management in Mirangine Sub County of Nyandarua County. The study adopted a descriptive design and targeted 30 accounting, finance and administrative staff in the government departments in Mirangine Sub County. The study employed a census survey where all members of the target population constituted the study sample. A structured questionnaire was used to collect data. Both descriptive and inferential statistics were used in data analysis. The study findings were presented in the form of tables and figures that captured both descriptive and inferential results. The study concludes that the public sector in Mirangine Sub County has an effective internal control system characterized by clear separation of roles, supervision and commitment of management. However, there are weaknesses in the implementation of financial controls since internal audit function is not well extended to all the departments. On financial management, the study concludes that the prudential use of financial resources in Mirangine Sub County is not appropriate although there is improved asset use and classification of revenues and expenditures. The final conclusion of this study is that there is a significant positive relationship between control activities and financial management. The study recommends competence staff profiling, establishment of information system within the departments and improving the generation of more finances for the operations of the government departments.
Sustainability, 2016
Farmers use credit from commercial credit providers to finance production activities. Commercial ... more Farmers use credit from commercial credit providers to finance production activities. Commercial credit providers have to predict the financial sustainability of the enterprise to ensure that the borrower will have the ability to repay the loan. A Delphi study was conducted to explore what factors are used as indicators of loan-repayment ability of farmers. The objective was not only to identify factors that are currently considered, but also to identify other personal attributes that may improve the accuracy in predicting the repayment ability of potential borrowers. The Delphi was applied to a panel consisting of nine credit analysts and credit managers from a commercial credit provider in South Africa. The results indicate that the current and past financial performance, account standing, collateral, and credit record of the farm are very important in the assessment of applications in terms of financial performance. Experience and the success factors compared to competitors were found to be important, while age and education/qualification are regarded as less important in predicting repayment ability. The results also show that, although not currently objectively included in credit evaluations, credit analysis regards leadership and human relations; commitment and confidence; internal locus of control; self-efficacy; calculated risk taking; need for achievement; and opportunity seeking as important indicators of the ability of potential borrows to repay their loans. Thus, credit analysts and managers also regard management abilities and entrepreneurial characteristics of potential borrowers to be good indicators of repayment ability. Results from this research provide new indicator factors that can be used to extend existing credit evaluation instruments in order to more accurately predict repayment ability.
International Journal of Research, 2015
Central Bank of Kenya (CBK) regulations forms part of the requirement, restrictions and guideline... more Central Bank of Kenya (CBK) regulations forms part of the requirement, restrictions and guidelines that should be used to ensure stability, foster liquidity, solvency and proper functioning of a stable market- based financial system. The study purposed to assess the influence of central bank of Kenya Lending rates towards loan uptake by commercial bank customers. The study was carried out in Eldoret town focusing on six selected banks. Descriptive research design was used targeting commercial bank clients. The sample size for the study was 341 with each bank sampling 56 individuals. Stratified simple random sampling technique was used with closed ended questionnaires aiding in data collection. Data was analyzed using Statistical Package for Social Scientist where descriptive and chi squire statistics were used as analysis techniques. Hypothesis test was conducted presenting the findings in Tables. The findings of the study revealed that there was a significant influence between len...
The annual amount of funds not utilized by Kenyan Government Counties returned to treasury has be... more The annual amount of funds not utilized by Kenyan Government Counties returned to treasury has been a cause of concern to all stakeholders in the public management field. This study sought to investigate factors that affect budget utilization in County Governments by selecting on the case for Kericho County in Kenya. The respondents consisted of 33 accounts, finance and County Executives in the County. A descriptive research design was adopted where questionnaire were employed to collect primary data. The findings indicated that there existed a positive and statistically significant relationship between tax compliance and budget utilization (r=0.358; p<0.05), a weak negative correlation was observed between VAT policy and budget utilization (r=-0.492; p<0.01). Government policy and inflation were also found to affect budget utilization negatively at (r=-0.560; p<0.05) and (r=-0.552; p<0.01) respectively. These findings led to a conclusion that the complexity of the tax s...
Globally, forensic auditing is a lifeline for many corporate organizations survival. It offers us... more Globally, forensic auditing is a lifeline for many corporate organizations survival. It offers useful and unique auditing services and techniques. In recent years, forensic accounting has experienced substantial growth, becoming an important tool in detection, prevention and alleviation of economic crimes not only globally but also in Kenya. The purpose of this study was to investigate the application of forensic accounting skills in the mitigation of fraud with particular reference to the accounting firms in Nakuru County, Kenya. The theory of fraud triangle and diamond, provided the theoretical underpinning for this study. Descriptive survey research design was adopted for the study. The target population consist of 25 respondents from 25 accounting firms. Questionnaires were used as instruments of data collection. Quantitative data was analysed using frequency counts, means and percentages while qualitative data was analysed by tallying the numbers of similar responses. The resul...
The purpose of this study was to establish the role of fraud prevention on effective financial re... more The purpose of this study was to establish the role of fraud prevention on effective financial reporting in the County Government of Nakuru. The study adopted a descriptive approach. The sample size was 106 accountants, finance officers, auditors and procurement officers in the County Government of Nakuru. Data was collected by the use of structured questionnaires. Descriptive statistics comprising means and standard deviations were used to analyze the data. Inferential statistics which included Pearson’s correlation was used in data analysis. The study concluded that fraud prevention influenced effective financial reporting in the county government of Nakuru. This effect is supported by the significant positive relationship observed between fraud policy and effective financial reporting in the county government of Nakuru. Pearson’s correlation coefficients revealed a moderate positive relationship between fraud policy and effective financial reporting. The study recommends that fra...
The International Journal of Business & Management