MONITORING ACTIVITIES AS A FACTOR OF INTERNAL CONTROL SYSTEMS ON FINANCIAL PERFORMANCE AMONG LISTED COMMERCIAL BANKS IN KENYA
MONITORING ACTIVITIES AS A FACTOR OF INTERNAL CONTROL SYSTEMS ON FINANCIAL PERFORMANCE AMONG LISTED COMMERCIAL BANKS IN KENYA
Kimacia Gitau
ABSTRACT
The purpose of the study was to assess the effect of Monitoring Activities as a factor of internal control systems on financial performance among listed commercial banks in Kenya. Descriptive research design was used in the study. The target population was a total of 379 employees while the sample size was a total of 191 employees. Data was collected by use of self-administered questionnaires. Descriptive statistics including means, standard deviation and frequency distribution were used to analyze the data. In addition, the study used correlation and simple regression analysis to assess the effect of the independent variable on the dependent variable. The study found that Monitoring activities positively and significantly influenced commercial bank performance (β1 = 0.285; t = 2.501; p < 0.05). The study concluded that monitoring activities positively and significantly influenced performance of listed commercial banks. The study recommended that in order for a firm to perform effectively implementing appropriate monitoring activities would be pivotal.
