CONTROL ACTIVITIES AND FINANCIAL ACCOUNTABILITY LESSONS FROM THE NATIONAL GOVERNMENT CONSTITUENCIES DEVELOPMENT FUND IN KENYA

Patrick Malongo Lidovolo, Joseph Otsyulah, Margaret Atieno Omondi

Abstract


The objective of NG-CDF is to promote human and infrastructural development at the community and constituency levels. The aim of the study was to examine the effect of control activities on the financial accountability of NG-CDF funds in Kenya. The study was structured on; agency theory, fraud triangle theory, and accountability theory. Positivism research philosophy guided the study. A correlation research design was adopted. The target population of the study was 1160 respondents while the sample population was 288 respondents consisting of; 72 committee members, 72 sub-county accountants, 72 fund account managers, and 72 internal auditors. It was established that there exists a strong and positive association exists between control activities and financial accountability evidenced by; r = 0.718. Control activities were further established to have a significant effect on unsupported expenditure which was confirmed by β = 2.157, P-value 0.005. It was recommended that the NG-CDF management committee should strengthen the separation of duties and ensure that the stipulated guidelines for approval are followed at all times.


JEL: G10, G20, G32

 

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References


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Mutwiri, F. R. (2021). Antecedents of Project Success in Constituency Development Fund Construction Projects in Kenya. Nairobi: Jomo Kenyatta University of Agriculture and Technology.

Omondi Atieno Margaret (2019). Control Activities and Financial Accountability Insight from the Perspective of Kenyan National Public Secondary Schools. OSR Journal of Economics and Finance, 51-55.




DOI: http://dx.doi.org/10.46827/ejefr.v7i3.1566

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