| dc.description.abstract | The purpose of the study was to assess the effect of governance on risk mitigation
among county governments in Kenya. The study's main goals were to find out how
managerial accountability, public involvement, financial reporting, and adherence to the
rule of law impact risk mitigation in the county governments of Mombasa and Kilifi.
Because of the ease with which information could be obtained, the research was carried
out in the departments of the Mombasa and Kilifi County governments. The Modern
Portfolio Theory, Agency Theory, and Risk Mitigation Theory were all used to inform
the research. The research design used in this study was a descriptive cross-sectional
one. The target demographic consisted of 85 senior staff members County Executive
Committee members, Chief Officers and Directors working in 11 departments
throughout Mombasa and Kilifi County governments. The sample size for the research
was determined by the use of a census sampling approach. Primary and secondary data
were used in the investigation. Researchers also visited Mombasa and Kilifi County
governments before delivering surveys in order to get formal authorization to conduct
the study for academic reasons solely from the academic office of Kenya Methodist
University before administering the questionnaires. Descriptive statistics, such as
frequency distributions, means, modes, and standard deviations, were used to compile
and analyze the data. In order to guarantee that the information was accurate, detailed,
and consistent, it was sifted and changed. The data was organized and recorded in
accordance with the study's objectives and research questions, and a range of statistics
were obtained. All four independent variables (management accountability P=0.000,
public participation 0.006, financial reporting 0.000, and compliance with the rule of law
0.019) had a P value less than the threshold level of significance of 0.05, indicating a
significant relationship between governance and risk mitigation in the county
governments. Risk identification and mitigation are critical in determining the financial
success of county governments in terms of income and expenditure, according to the
results of the study. In order to reduce the impact of risks on the organization, they must
be mitigated as soon as they are discovered. According to international accounting
standards, financial reporting by county governments is standardized to increase
accountability and transparency by lowering the complexity of present financial
reporting and enhancing the value of financial information for stakeholders and
consumers. County government executives, according to the findings of the research,
should develop and convey to their staff clear rules and processes for creating,
implementing, and modifying conflict-of-interest policies at the appropriate levels in the
public sector. It is also necessary for county leadership to establish protocols for sharing
and debating financial reports and audit reports with members of the public and other
stakeholders in the running of the county. | en_US |
