Effects of internal audit on corporate governance for State corporations in Machakos county

Abstract

There has been a loud call for Corporate Governance for organizations in the public and private sectors, this call has been even louder in the recent past as a result of major fraud and mismanagement of public resources that have made news headlines and had major financial implications in our economy. One of the main component of corporate governance is the internal audit function which should ideally serve to strengthen Corporate Governance. However, organizations have continued to be run down and collapse raising concerns as to the role of internal audit in highlighting eminent collapse and mismanagement of organizations including the Kenya Meat Commission and the East African Portland Cement among other key players in Machakos County.