| dc.description.abstract | Studies reveal that weaknesses in financial control practices in CBOs have led to
corruption, embezzlement of funds by CBO officials and even the organizations’ risk to
lose funding by donors. Therefore, the overall objective of this study was to analyze the
factors influencing financial control practices of CBOs in Baringo County. The specific
objectives of the study were to: analyse the influence of technical skills of CBO officials;
internal controls systems and budgeting; bookkeeping and auditing on financial control
practices of CBOs in Baringo County. The study used survey research design targeting
CBOs in the County. Stratified sampling design was adopted targeting 142 management
staff of the different CBOs from six sub counties in the area. The sample of 142 was
selected from a population of 220 CBOs in Baringo County. Data was collected using
questionnaires and analyzed using both descriptive and inferential statistics with the aid
of Statistical Package for Social Sciences (SPSS) version 21.0. The findings revealed that
technical skills of the CBO officials (r = 0.478, α = 0.01), Auditing (r = 0.435, α = 0.01),
Bookkeeping (r = 0.268, α = 0. 05) and Internal control systems and budgeting (r = 0.220
α = 0.05) were positively correlated with financial control practices respectively. Multiple
linear regression analysis results showed that Technical skills (β = 0.347) and Auditing (β
= 0.285) are significant while Internal control systems and budgeting (β = 0.095) and
Bookkeeping (β = 0.024) are not significant. The study further found out that most CBOs
in the area were audited annually although there was need to ensure compliance among
all to be subjected to an audit at least once a year. The technical skills of the CBO
officials in the area needed to be strengthened especially with regard to spending
priorities. The study was very important since the findings will inform the donors and
other stakeholders to address the gaps in CBOs to ensure they give the best to the
community. It is recommended that standardized accounting and reporting should be
provided by the government in order to make the financial activities of the CBOs
tractable through sharing of information on a common and acceptable platform. More
studies should however be done on the effects of regulations governing funding of CBOs
on their performance and on the influence of ICT on the financial performance of CBOs | en_US |
