Factors Influencing Sample Size for Internal Audit Evidence Collection in the Public Sector in Kenya

Abstract

There is currently considerable interest in the topic of internal audit and its contribution to the organization goals. Internal auditing could be used as mechanisms of risk management, corporate governance and internal control. The paper aims at examining the relation between internal audit and organization goals. In this paper, at first, the conceptual approach of internal audit, which could be used as a mechanism of risk management, corporate governance and internal control, is analyzed. Then, integrated categorization of the responses received from the SECP internal audit staff is depicted in three different tables (i.e. Coded in Common Pattern (Table 1), Word Frequencies (Table 2), and Linked Table (Table 3)). After that the role of internal audit in organization's goals explanatory model presented. Finally, I suggest these areas for further research. The results point out that internal audit is not only vital in the efficient risk management, internal control and corporate governance but also play a crucial role in the business survival and success. Keywords: The Institute of Internal Auditors (IIA), Internal Auditing (IA), Security of Exchange Commission (SEC), Committee of Sponsoring Organizations of the Treadway Commission (COSO), Corporate Goals. Acknowledgment First of all, I would like to thank Almighty ALLAH, who gave me the strength and courage to write up to this level. I want to thanks my family and friends for supporting and encouraging during my study. Last but not least, I would like to conver my sincere gratitude to my supervisor, Karin Brunsson (Uppsala University), for her support, guidance and suggestions during my thesis work, upon which this paper is based.