Relationship between Financial Reporting Reforms and Performance of Selected County Governments in Kenya
Over the past few decades, the world has witnessed spectacular transformations of public financial management systems. Kenya transformed its financial reporting system with a view of enhancing credibility of its financial reports. The objective of the study was to examine the relationship between financial reporting reforms and the performance of selected County Governments in Kenya. The study was guided by descriptive research design and the target population was 184 treasury staff from Bomet, Kericho, Nakuru and Narok County Governments. Census sampling technique was employed in selecting the respondents to the study. Data were collected using semi-structured, self-administered questionnaires. Data was analyzed using descriptive and inferential statistics. The findings revealed that financial reporting reforms showed statistically significant correlation (r=0.673) with the performance of selected County Governments in Kenya. It was recommended that adoption of IPSAS in financial reporting should be strengthened to ensure optimal performance of the county governments.
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