Abstract: Even after the implementation of the Integrated Financial Management Information System, corruption, unpaid projects, and money misappropriation have drawn attention to Nandi County in Kenya, which has a negative impact on service delivery. This is despite the County Governments in Kenya being established as a way to ensure that services, including finance, reach the citizen. These factors are a blatant sign of poor financial performance in the county government, raising the question of how IFMIS may help the Nandi County Government with timely reporting. The study sought to investigate the effect of timely reporting on financial performance of Nandi County government, Kenya. A case study research design was used in the study. 119 employees from the county assembly, management, and other IFMIS parties made up the target population. An initial sample of 92 respondents was chosen using the stratified sampling technique. Data collection involved the use of structured questionnaires. Utilizing both descriptive and inferential statistics, the data collected was examined. Inferential statistics employed regression analysis, while descriptive statistics used mean and standard deviation. There was statistically significant effects of timely reporting on the financial performance of the County Government of Nandi, Kenya. The study concluded that the utility of information made available to diverse consumers is seen to be significantly influenced by the timeliness of audited corporate annual financial reports, Accurate financial reporting fosters trust, which encourages investors to spend their hard-earned money in the company. The study recommended that The County has to make its financial reporting more timely and should allot the necessary time for financial reporting.
Keywords: Timely Reporting, Financial Performance.
Title: EFFECT OF TIMELY REPORTING ON FINANCIAL PERFORMANCE OF NANDI COUNTY GOVERNMENT, KENYA
Author: Isaac Kipkemboi Koros, Mr. Gerald Atheru
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Vol. 10, Issue 2, October 2022 - March 2023
Page No: 163-168
Research Publish Journals
Website: www.researchpublish.com
Published Date: 07-November-2022
