Downloads: 123 | Views: 217
Research Paper | Management | Kenya | Volume 3 Issue 10, October 2014 | Rating: 6.4 / 10
Role of Fraud Prevention in Enhancing Effective Financial Reporting in County Governments in Kenya: Case of Nakuru County, Kenya
Shadrack Maweu Kyalo | Dr. Aquilars M Kalio | Solomon Ngahu
Abstract: 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 Pearsons 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. Pearsons correlation coefficients revealed a moderate positive relationship between fraud policy and effective financial reporting. The study recommends that fraud policy should be enhanced in order to improve effective financial reporting in Nakuru County.
Keywords: Fraud policy, County Government, Financial Reporting, Fraud Prevention, Internal Controls
Edition: Volume 3 Issue 10, October 2014,
Pages: 2108 - 2114