ASSESSMENT OF ACCOUNTANTS INVOLVEMENT IN MALPACTISE
A CASE STUDY OF HIGHER LEARNING INSTITUTIONS IN NAKURU COUNTY
CM/M/0543/5/10 VIOLET MUYOKA
A RESEARCH PROPOSAL SUBMITTED TO KABARAK UNIVERSITY IN PARTIAL FULFILLMENT FOR THE REQUIREMENTS OF THE AWARD OF THE DEGREE OF BACHELOR OF COMMERCE OF KABARAK UNIVERSITY
We declare that this research proposal is authentic to the best of our knowledge and it has not been presented in any institution of higher learning for the award of any degree
SIGN SHEILLAH MUKUI
This Research Proposal has been submitted with my approval as University Supervisor.
MR. ROBERT MUGO
SIGN……………….. DATE………..……. Lecturer, Kabarak University
We are very grateful to God who gave us the strength to complete this research proposal and to our caring and loving parents who encouraged us by providing both moral and financial support. We are also very thankful to Mr. Mugo Robert, our supervisor, who cooperated with us in guidance at each step and provided us with the necessary information related to our research question. Last but not least, we convey our credit and thankfulness to the virtual Kabarak University authorities without whose support and guidance it would be much difficult for us to achieve this task successfully.
Our research involves the assessment of accountants’ involvement in Fraud in Kenya. The purpose of accounting according to Wang’ombe (2005) is to provide financial and business information to possible investors, current investors, and management so they can make accurate decisions concerning the company. In the recent past, the number of reported cases of fraud and corruption has continued to grow dramatically. Compounding this is the challenges faced by the criminal justice system and a general absence of the necessary skill sets to gather the proper audit evidence so vital to criminal investigations. The general objective will be an assessment of accountants’ involvement in fraud in Kenya. The specific objectives will be to discover a way to reduce the rate of these financial malpractices, to identify ways of ensuring an accountant independence, to identify various ways in which a firm can use accounting facilities by out sourcing, to find out legal mechanisms in practice that will enhance efficiency in an accountants work and to establish a reliable but controlled relationship between the accounting department and procurement section. The study we will be based on the Fraud Triangle theory which states that there are three conditions generally present when fraud occurs and they include incentives/pressures, opportunity and rationalization. The study will employ descriptive research design and will be a case study. It will use stratified random sampling technique to collect data from 3 higher learning institutions in Nakuru County, Kabarak University, Egerton University and Rift valley Institute of Science and Technology. The population will consist mainly of staff in the accounting department, procurement department, auditing department and management in the higher learning institutions. The sample size will include 55 respondents, 6 Auditors,9 managers, 19 accountants and 20 employees in the procurement department. The data will be analyzed by use of descriptive statistics; namely...
References: Benedict and Elliot (2008) Financial Accounting , Pearson Education
Boynton and Johnson (2006)8th ed , Modern Auditing: printed in United States of America
Frank wood and Alan Sangster (2008) Business Accounting 1,11th ed, prentice Hall
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Kothari (2004) 2nd ed, Research Methodology, New Age International (P) Limited, Publishers
Mugenda and Mugenda(2003)Research Methodology Acts Press, Nairobi Kenya
Wang’ombe(2005) Advannced Accounting Theory and Practice, Focus Publishers Limited
Strawser and Strawser(1997)8th ed, Auditing theory and practice, Dame Publications
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