International Journal of Advanced Research and Publications (2456-9992)

High Quality Publications & World Wide Indexing!

Monitoring and Financial Accountability in County Governments in Kenya: Empirical Evidence from South Nyanza County Governments.

Volume 4 - Issue 6, June 2020 Edition
[Download Full Paper]

Manyange Nyasimi Michael1, Aluonzi Burani (PhD) 2, Mabonga Eric (PhD) 3
Financial Accountability, Internal Control system, Monitoring and Reporting
This study was about monitoring and financial accountability in South Nyanza County Governments, Kenya. The county governments have continued to struggle for liquidity, efficient accountability for financial resources and timely financial reporting as part of internal control procedures. The study adopted descriptive cross sectional and correlational designs with both quantitative and qualitative approaches. From a total population of 2066 a sample size of 335 respondents was obtained using Slovene’s formula. Data were collected using questionnaires and interview guide. Quantitative data was analyzed using Means and standard deviations, Pearson linear correlation coefficient and regression analysis. Qualitative data analysis was done using narrative and thematic analysis. The results point out that there is a positive and significant relationship between monitoring and financial accountability .The magnitude of the beta suggested that monitoring positively and significantly influenced financial accountability (β = 0.629, t=13.443 and p = 0.000). This suggests that a one unit increase or improvement in monitoring will bring a 0.629 increases or improvement in financial accountability, leaving other factors constant.The study concluded that there is relationship between monitoring and financial accountability. As a matter of recommendation, this study suggests that monitoring should be part and parcel of day-to-day operations of all County governments in Kenya.
[1]. Ademola & Alade (2015).Effects of Internal Control System in Nigeria Public Sector. International Journal of Economics, Commerce and Management, 3 (6), 1093-1104.

[2]. Amundo, A., & Inanga, E. L., (2009). Evaluation of Internal Control Systems: A case study from Uganda. International Research Journal of Finance and Economics, l9 (27), 125-126.

[3]. Atmadja & Saputra (2018).Determinant Factors influencing the Accountability of Village Financial Management.Academy of Strategic Management Journal 17(1), 1-9.

[4]. Auditor General Report (2016/2017).Report of the Auditor-General on the public Accounts of Kenya for the year ended 31 June 2017

[5]. Atieno,O.M.,Olweny,O.,&Mironga,J.(2019).Does Monitoring influence financial accountability? Answers from National Public Secondary Schools in Kenya. Research Journal of finance and accounting, 10(18), 120-127.

[6]. Bhuiyan, S. H., & Amagoh, F. (2011). Public sector reform in Kazakhstan: Issues and perspectives. International Journal of Public Sector Management, 24 (3), 227–249

[7]. Committee of Sponsoring Organizations of the Treadway Commission, (COSO). (1992). Control integrated framework. Jersey City, NJ : AICPA.

[8]. Dellaportas S, Langton J, West B (2012). Governance and accountability in Australian charitable organizations: Perceptions from CFOs. Int. J. Account. Inf. Manage. 20(3):238-254

[9]. Emilly, M. S., Muganda, M. M., & Singoro, B. (2018). Budget Monitoring and Financial Performance of Public Sugar Firms in Kenya. International Journals of Academics & Research, 1(1), 287 – 291

[10]. Elad C, Aida S, Tinker T (2009). International consortium on Government financial Management. International Journal of Governmental Finance and Management. 9(1):1-23

[11]. Institute of Policy Analysis and Research. (2014). The sociology of Private Tuition. Nairobi: The Kenya Government Printer

[12]. Kamau, C. (2014). Effect of internal control on the financial performance of manufacturing firms Kenya, Unpublished thesis: University of Nairobi, Kenya

[13]. Kisanyanya,A.G & Omagwa,J. (2018).Internal control systems and financial performance of Public Instituion of Hegher Learning in Vihiga county,Kenya.Journal of Business and Management 20(4),2319-7668.

[14]. Kline, B. (2011). Principles and Practice of Structural Equation Modeling , Third Edition (Methodology in the Social Sciences) 3rd Edition, 1–6.

[15]. Krishnan, J. (2015). Audit committee quality and internal control: An empirical analysis. The accounting review, 80(2), 649 – 675

[16]. Lodhia SK, Burritt LR (2010). Public sector accountability failure in an emerging economy: The case of National Bank of Fiji. Int. J. Public Sector Manage. 17(4):345-359.

[17]. Marus,E.,Murezi,C.,Mwosi,F.,&Ogwel,P.B.(2018).Internal control systems and financial accountability in Uganda. International Journal of Commerce and Management Research 4(1), 106-111

[18]. Monfardini P (2010). Accountability in the new public sector: a comparative case study. Int. J. Public Sector Manage. 23(7):632-646.

[19]. Mutai, J. Y. (2009). Factors Influencing Performance of Local Government Authorities inKenya. Unpublished MBA Thesis. University of Nairobi.

[20]. Naidoo, L.A. (2011).The role of Monitoring and Evaluation in promoting good governance in South Africa. A case study of the Department of Social Development

[21]. Ng’wasa, N. J. (2017). The link between monitoring and financial performance in financial institutions. A Case Of National Microfinance Bank (Nmb) Zonal Office (Central Zone) Dodoma (Doctoral dissertation, Mzumbe University).

[22]. Noorvee, L. (2006). Evaluation of the effectiveness of internal control over financial reporting,

[23]. Pretorius, C., & Pretorius, M. (2008). Design and Management of Public Financial Management Reforms. Unpublished background paper for the African retreat on the Design and Management of Public Financial Management Reforms.

[24]. Prowle, M. (2010) Managing and reforming modern public services: the financial management dimension. 1st ed. Harlow, England: New York public universities” Social sector Policy Review: Education No.1.

[25]. Schedler, Andreas (1999). "Conceptualizing Accountability", in Andreas Schedler, Larry Diamond, Marc F. Plattner: The Self-Restraining State: Power and Accountability in New Democracies. London: Lynne Rienner Publishers, pp. 13-28.

[26]. Simiyu, O J. (2011).'Effectiveness of Internal Control System In Prastatals in Kenya' Unpublished MBA Project, University of Nairobi.

[27]. Theofanis, K., Drogalas, G., & Giovanis, N. (2011). Evaluation of the effectiveness of internal audit in Greek Hotel Business. International Journal of Economic Sciences and Applied Research, 4 (1), 19-34

[28]. Transparency International Kenya. (2014). Corruption risk assessment of the education sector in Turkana county. European Journal of Research and Reflection in Educational Sciences, 4(2), 201-210

[29]. Whittington, R., Pany, K, & Whittington O. R. (2001).Principles of Auditing and Other Assurance Services. Mishawaka, IN Irwin/McGraw-Hill. 13 (ed)

[30]. World Bank. (2009). Annual Report 2009.Retrieved 15th Nov 2015. From www. worldbank.org

[31]. Yinka, M., Jide, I., & Emmanuel. (2015).Unethical Accounting Practice and financial Reporting Quallity: Evidence from Nigerial.International Journal of Academic Research in Accounting, Finance and Management Sciences 5(2),143-150