Browsing by Author "Mosoti, Jared Mobisa"

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    PublicationOpen Access
    Effect of Forensic Auditing and Investigation Techniques on the Financial Performance of Deposit-Taking Microfinance Institutions in Kenya
    (International Research Journal of Business and Strategic Management, 2022-11) Mosoti, Jared Mobisa; Wafula, Joshua; Nyang’au, Andrew
    The Microfinance institutions in Kenya have experienced notable financial losses in the first 10 years since of the enactment MFIs act of 2006. Many of these have been occasioned by fraud which not only affects the MFIs, but the entire financial sector. In order to minimize the effects of these losses, these institutions’ deposit-taking microfinance have adopted the use of forensic auditing and investigation techniques that are used to investigate and deter financial improprieties. The study’s main objective was; to assess the effect of forensic auditing and investigation techniques on the financial performance of Deposit-taking Microfinance Institutions in Kenya. The study was guided by the fraud diamond theory. The study targeted all the Deposit-taking microfinance institutions in Kenya that were in operation between 2016 and 2020. The target population was 387 employees and managers of these firms that included: management and operations, Finance and credit control, Internal audit and Risk, External Audit, ICT, and Litigation departments of the Twelve Microfinance Institutions that were in operation in Kenya during the period of the study. The sample size was 281. The researcher used purposive and stratified Random sampling methods to select the sample. Both descriptive and inferential statistics were used in analyses. The findings showed that the micro-finance institutions used forensic auditing and investigation techniques in the fight against fraud. The findings further showed that the use of forensic auditing and investigation techniques have reduced incidences of fraud in the banking sector which have positively contributed to financial performance. The study concludes that there is a significant positive relationship between forensic auditing and investigation techniques and the financial performance of the deposit-taking microfinance institutions in Kenya. The study recommends that the management of microfinance institutions should invest more in auditing and investigation techniques and should implement the recommendations of external auditors
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    PublicationOpen Access
    Effect of Mobile Banking Technology on the Financial Performance of Deposit-Taking Microfinance Institutions in Kenya
    (International Research Journal of Economics and Finance, 2022-10) Mosoti, Jared Mobisa; Wafula, Joshua; Nyang’au, Andrew
    The Microfinance institutions in Kenya have experienced turbulent times following the collapse of many banks in the 1990s. In order to minimize their operational costs, these institutions’ banks have adopted internet banking including ATMs, mobile banking, and internet banking where customers can access their accounts on their personal computers. The study’s main objective was; to assess the effect of Mobile Banking Technology on the financial performance of Deposit-taking Microfinance Institutions in Kenya. The study was guided by the conventional theory of financial deepening. The study targeted all Deposittaking microfinance institutions in Kenya that were in operation between 2016 and 2020. The target population was 387 employees, who include: management and operations, Finance and credit control, Internal and Risk, External Audit, ICT, and Litigation departments of the Twelve Microfinance Institutions that were in operation in Kenya during the period of the study 2016 and 2020. The sample size was 281. The researcher used purposive and stratified Random sampling methods whereby, in a situation where there was only one unit of observation, the entire population was involved in the study. The findings showed that the micro-finance institutions used mobile banking technology in capturing data and that this has reduced incidences of fraud in the banking sector. Further, the findings showed that mobile banking technology played a major role in the microfinance subsector and the use of cybercrime risk identification mechanisms has reduced incidences of fraud. The study concludes that there is a positive relationship between mobile banking and the financial performance of financial institutions in Kenya. The study recommends that the management of microfinance institutions should review the mobile banking systems continuously to identify loopholes in the system that can be exploited by fraudsters.
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    PublicationOpen Access
    Enhancing fraud detection through integration of forensic accounting techniques and cyber-security in financial institutions in Kenya
    (European Journal of Business and Management, 2024-06-30) Mosoti, Jared Mobisa; Yatich, Henry Kiptum
    The rapid rise in Internet banking and mobile banking transactions has led to a new challenge facing the banking sector through cybersecurity threats. Forensic accountants' understanding of cyber security is key to winning the fight against fraud. This study sought to evaluate the effect of integrating cybersecurity into Forensic accounting on the detection of Fraud in the financial sector in Kenya. The study is anchored on Unified Technology Acceptance and Use Theory (UTAUT) and uses panel data collected on the number of cybersecurity advisories, the reported number of cyberattacks, and the percentage of fraud detections by four Forensic Accounting Techniques. The study findings showed that there was a strong positive correlation between cyber security and fraud detection and integration of cyber security and forensic accounting enhanced fraud detection. The study concluded that the integration of cybersecurity and forensic accounting enhanced fraud detection and contributed positively to financial performance. The study recommended that cyber security skills be integrated into forensic accounting training to enhance fraud detection among forensic accountants to enhance fraud detection.