Examining auditors’ competence and experience influence on SACCOS Performance: moderation effects of firm size

Abstract

Audits are necessary due to the division between ownership and control in contemporary economies. When shareholders entrust resources to management to maximize their wealth, they expect the agents to provide them with genuine and accurate reports. The study aimed to investigate the moderating effect of firm size on the relationship between auditor competence and experience on the performance of deposit-taking SACCOs in Kenya. A descriptive survey research approach was used. A sample of 223 was chosen randomly from a target of 504. Structured questionnaire was used to collect primary data. The data was examined using descriptive and inferential statistics. The study found a substantial moderating impact of business size on the association between auditor's competence and experience and performance. Regular examinations of the audit staff's ability in Saccos in Kenya by accredited entities are necessary to enhance performance of the internal audit department.