Effect of Internal Control Systems on Financial Performance of Selected Commercial Banks in Selected Counties in Kenya

Leonard, Korir Kipkirui; Naibei, Isaac; Langat, Lydia

doi:10.29322/ijsrp.12.03.2022.p12322

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“…Control activity and Internal auditing were taken as control elements and Liquidity and profitability were considered to measure financial performance. Korir et al (2022), in his study of the effect of internal control system on financial performance of selected commercial bank in selected countries in Kenya, found that all the components of internal control system as per COSO framework significantly affect the financial performance of selected commercial banks. Under this study the researcher used correlation research design and multiple linear regression analysis to analyze the response of 86 respondent of 15 commercial banks in Kenya.…”

Section: Empirical Evidences and Research Gapmentioning

confidence: 99%

Internal Control System and Financial Performance of Saving and Credit Cooperatives

Bhusal

2023

Lumbini J. Bus. & Econ.

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The study aims to assess the effect of the internal control system on the perceived financial performance of saving and credit cooperatives. Internal controls were measured using four elements (i.e. control environment, risk assessment, control activities, and information and communication) as prescribed by the Tedway Committee of Sponsoring Organizations (COSO) framework. Perceived financial performance has been measured through the increase in ROA, ROE, deposit and lending, liquidity and EPS. A descriptive and casual comparative research design was adopted to describe the relationship and effect between the elements of internal control system and financial performance. Out of 86 saving and credit cooperatives registered under the legislative area of Butwal Sub-Metropolitan city, only 38 has been considered as sample. A structured questionnaire on 5 point likert scale ranging from strongly disagree to strongly agree has been adopted. The findings of the study has revealed that the SACCOs (Shaving and Credit Co-operative enjoy a sound financial performance partly because of implementing and maintaining effective internal control system.

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Section: Empirical Evidences and Research Gapmentioning

confidence: 99%

Internal Control System and Financial Performance of Saving and Credit Cooperatives

Bhusal

2023

Lumbini J. Bus. & Econ.

View full text Add to dashboard Cite

show abstract

Effect of Internal Control Systems on Financial Performance of Selected Commercial Banks in Selected Counties in Kenya

Cited by 1 publication

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Internal Control System and Financial Performance of Saving and Credit Cooperatives

Internal Control System and Financial Performance of Saving and Credit Cooperatives

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