Financial Reporting Quality Among Deposit Taking Saccos: What Unties the Ties

Abstract

taking Saccos in Kenya by determining whether staff capacity, top management expertise, enterprise resource planning and the quality of internal audit unties the ties of the quality of financial reports. Through descriptive design and primary data of the one hundred and twenty-six respondents of the forty-two deposit taking Saccos (DT Saccos) in Kenya, the establishes that top management expertise, enterprise resource planning (ERP) and quality of internal audit had a strong positive significant influence on the quality of financial reporting while staff capacity had also a positive influence but which was weak in terms of the strength

Internal auditor’s independence, firm size and financial performance of deposit taking SACCOS in Kenya

“…Furthermore, it will aid decision-making for policy-makers and related agencies. In accordance with the results of the present research, auditor independence and conformity with auditing standards are the primary determinants of audit quality (Kinyenze & Ondabu, 2023). It was determined by Mburunga et al (2019) that publicly listed banks' financial performance is significantly impacted by the internal audit budget, which in turn impacts the independence of internal auditors.…”

“…Shareholders or owners entrust resources to management with the objective of enhancing their wealth. Managers that are opportunistic tend to hide the actual performance of the firm, which may lead to financial losses for the owners (Kinyenze & Ondabu, 2023). The auditor plays a crucial role in minimizing agency costs by mitigating information asymmetry and resolving conflicting interests between the two parties involved.…”