Role Of Internal Control Systems On The Security Of State Corporations assets In Kenya

Abstract

Internal controls assist organizations in many significant purposes. There are increasing calls for better internal control systems and report cards on them. Internal control is an answer to a variety of likely and actual issues touching on the efficiency and effectiveness in an organization. The study sought to establish the role of internal control systems on the security of State Corporation’s assets in Kenya. The objective of this study will be to investigate the effect of internal control system activities on the security of State Corporations’ assets in Kenya. In practice, internal control and security of assets are basic assurance systems to maintain the efficiency and to protect organizations from failure. This study will be carried out through a descriptive research methodology. The stress will be on describing and not on pronouncing judgment or explanation. The economic aspect will be practical with the descriptive approach given that the characteristics being studied are partly qualitative in nature. The target population of the study will be 110 State Corporations in Kenya. The researcher will use stratified random sampling to conduct a survey of 38 (sample size) State Corporations of the target population. Primary data will be collected by use of a structured questionnaire. The questionnaire will be delivered to the respondents in person and collected after two days. The questionnaires obtained from the respondents will first be checked for completeness, consistency and accuracy. The will then be coded and entered into a computer data base. Data will be analyzed using descriptive statistics, correlation analysis and multiple regression analysis. The results of the analyzed data will be presented using tables and/or pie charts. A conclusion will then be arrived at and recommendations made on the role of internal controls in place and the security of State Corporation assets at the time of this study.