CONTROL ACTIVITIES AND INFORMATION AS FACTORS OF INTERNAL CONTROL SYSTEMS ON FINANCIAL PERFORMANCE AMONG LISTED COMMERCIAL BANKS IN KENYA
CONTROL ACTIVITIES AND INFORMATION AS FACTORS 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 Control Activities and Information as factors 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 multivariate regression analysis to assess the effect of the independent variables on the dependent variable. The study found that Control activities had a positive and significant influence on commercial bank performance (β1 = 0.459; t = 2.107; p < 0.05). Information and communication had a positive and significant influence on the performance of the commercial banks surveyed (β2 = 0.272; t = 2.125; p < 0.05). The study concluded that control activities at the listed commercial banks had a positive and significant influence on performance, while information and communication was significant in influencing financial performance.
