The Relationship Between the Risk Based Audit and Corporate Governance in the Central Government of Kenya

Abstract

The corporate governance (CG) os a way in which stakeholders assure themselves of getting a return on their investment following the separation between those who control and those who own residual claims. Effective corporate governance practices are essential to achieving and maintaining public trust and confidence in the Central Government systems, which are critical to the proper functioning of the Government and economy as a whole. Poor governance contribute to poor service delivery to citizen and massive corruption to economy. corporate governance and external audit therefore assist investors by aligning the objectives of the management with the objectives of the stakeholders, . thereby enhancing the reliability of financial information and integrity of the financial reporting process.............................................................................