20Aug 2018

SAFEGUARDING OF INTEGRITY IN FINANCIAL REPORTING AND PERFORMANCE OF PUBLIC TVET INSTITUTIONS IN NYANZA REGION, KENYA.

  • university of nairobi school of business department of business administration.
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Financial integrity can be broadly defined as making sure a financial report is correct, consistent, complete, andaccurate.Integrity in financial reporting, play a crucial role in overseeing financial management of the organization improving performance consequently (Mardjono, 2005; De Andres et al. 2005). The board should expect to receive from management regular financial reports comparing financial results with budgetary predictions and reporting on the status of assets.This study sought to establish the effect of safeguarding of integrity in financial reporting on performance of public TVET institutions in Nyanza region, Kenya. Although Integrity in financial reporting, play a crucial role in overseeing financial management of the organizationand improving performance,the studies on effect of safeguarding of integrity in financial reporting on performance has not been conclusive as they have revealed both positively and negatively linked results.This study used correlation research design. Population of the study included the principals, deputy principals and heads of department of TVET Institutions in Nyanza region Kenya who were 99 in number. The study employed a census survey with response at 90.9%. Reliability was measured using cronchbach?s alpha which revealed 0.872 internal consistency.The Pearson Product-Moment correlation coefficient (r = .778) computed indicated that there was high positive correlation between integrity of financial reporting and performance in TVET institutions from Nyanza region. The analysis revealed highly significant (p < 0.05) positive relationship between the two variables.The regression analysis revealed a result of (β3 =0.288; p =0.002) which implies that integrity in financial reporting is significant. This means that integrity in financial reporting has a substantial effect on performance.Findings of this study may be used for policy formulation by policy makers to guide in appointment of the board of management to improve governance of TVET Institutions and other stakeholders for further research.

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[Oluoch Mercy Florah. (2018); SAFEGUARDING OF INTEGRITY IN FINANCIAL REPORTING AND PERFORMANCE OF PUBLIC TVET INSTITUTIONS IN NYANZA REGION, KENYA. Int. J. of Adv. Res. 6 (Aug). 768-773] (ISSN 2320-5407). www.journalijar.com

MERCY FLORAH OLUOCH
LECTURER -UNIVERSITY OF NAIROBI

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Article DOI: 10.21474/IJAR01/7577      
DOI URL: https://dx.doi.org/10.21474/IJAR01/7577

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