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Application of Business Risk Auditing among Audit Firms in Western Region, Kenya

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dc.contributor.author IK Naibei, DO Oima, PB Ojera, OP Owiye
dc.date.accessioned 2020-11-23T11:48:05Z
dc.date.available 2020-11-23T11:48:05Z
dc.date.issued 2014
dc.identifier.uri https://repository.maseno.ac.ke/handle/123456789/2912
dc.description.abstract Auditing remains an important tool of management oversight. Auditing theory indicates that the discipline draws its legitimacy on its ability to enhance confidence on the financial statements by its users. However, there has been increasing criticisms addressed to the audit profession in the recent past especially after the failure of several international and local firms which led to need to revisit the oversight role of audit. To remain relevant, auditors have been compelled to reengineer their audit approaches to be more responsive to business risks. In spite numerous calls of the departure from traditional audits, little is known as to how auditors in developing economies such as Kenya has responded to increasing business risks in their engagements. The purpose of this study was to evaluate the extent of application of Business Risk among audit firms in Western Region, Kenya. Cross-sectional survey research design was used. The target population of the study is 48 Audit firms in which saturated sampling technique was used. Respondents comprised of Audit Senior and Audit manager selected purposively from each firm. Primary data was collected using self administered questionnaires which was pretested and supplemented by secondary data from published accounts of client firms. The study established that BRA approach is practiced only to a moderate extent in the study area (mean 3.367, SDEV 0.086 in a scale of 5). The study provides rationale for BRA and its findings provides direction for response to business risks among audit practitioners besides enriching the literature of audit risk and fee models with expanded variables and evidences from emerging economies. en_US
dc.publisher African Research Review en_US
dc.subject Business Risk Auditing, Audit firms, Kenya en_US
dc.title Application of Business Risk Auditing among Audit Firms in Western Region, Kenya en_US
dc.type Article en_US


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