ABSTRACT
The importance of compliance
of audit of the finance of Public administration
cannot be over Stressed. Without audit
compliance, the polices adopted by the Local authorities in a great variety of
fields may not be capable of successful implementation and sometimes even
provide stimulus to the implementation of policies. This research work is an
attempt to find out how Compliance audit is an instrument of internal control
in the Public administration in Nigeria. The work is divided into five (5)
Chapters. Chapter one deals with the introduction to the work. The review of
the relevant existing literatures on Compliance audit, Statement of Hypotheses
definition of key concepts, data collection method and analysis one contained
in chapter two three deals with the ethnographic setting and historical
background of the study are – Idah Local Government Area. While chapter four
contains presentation and analysis of data. Finally chapter five contains the
summary of the work and drawn conclusion with suggested recommendations deemed
necessary for the improvement of Compliance audit in the Public administration
in Nigeria.
CHAPTER ONE: INTRODUCTION
1.0 BACKGROUND
TO THE STUDY
The importance of audit compliance of the finance of public
administration cannot be overstressed. Without audit compliance, the policies
adopted by local authorities in a great variety of fields may not be capable of
successful implementation. But where there is proper auditing it can usually
facilitate implementation and sometimes even provide stimulus to the implementation
of policies.
Auditing is therefore defined as “the examination of financial statements
of an organization for the purpose of determining their substantial accuracy”.
It could be further described as examination by an auditor of the evidence from
which the financial accounts and balance sheet of an organization have been
prepared in order to ascertain that they present a true and fair view of the
summarized transactions for the period under reviews and of the financial state
of the organization as at the date ended; thus enabling the auditor to report
thereon. This is in the case of external auditing.
The auditor despite examining the books, accounts and vouchers of the
establishment may go further in examining the actual assets held by the
organization.
Compliance audit is a series of process/technique through which an
organization’s employee ascertains for the management by means of firsthand
on-the-job observation whether established management controls are adequate and
effectively maintained. It also reveals whether financial and accounting
records reflect actual operations and cash divisions or other unit is carrying
out the plans, policies and procedures for which it is responsible.
Compliance audit therefore is an independent appraisal activity within an
organization for the review of operations as a service to management (Stettler,
1977).
1.1 STATEMENT OF THE PROBLEM
In Nigeria, the oil boom of the early 1970’s increased the funds
available to the public sector, hence the public administration in Nigeria as a
third tier government is expected to perform more crucial role(s) for the
citizenry at the grassroots level. Regrettably however, the Nigerian Local
Government has encountered serious internal problems which handicap the
achievement of its goal(s).
Mismanagement, misappropriation, fraud, etc. have become more conspicuous
as some of the factors which limit the normal processes of the system. Apart from the notable problems
above, the public administration
has been characterized of late with prebendal politics: The system has been
used by the politicians as a means of enriching themselves and as such
has not been able to meet its basic objective of provision(s) of social
amenities to the people at the grassroots level.
Based on the above, the following questions are raised:
1)
How
does lack of qualified manpower affect effective or efficient operations of the
Audit in the local government?
2)
What
is the relationship between the character of the Nigerian State and poor
performance of Audit in Idah Local Government
Council?
3)
Does
lack of equipment hinder the effective operations of the Audit in Idah Local
Government Council?
1.2 OBJECTIVES OF THE STUDY
The general objective of this study is to x-ray the nature, effectiveness
and efficiency of Audit as an instrument of internal control in the Public
administration in Nigeria. Specifically the study aims at the following:
i)
To
identify the audit system of the Nigerian public administrations.
ii)
To
ascertain the nature of Audit Unit and the extent of compliance with
established policies, plans and procedure.
iii)
To
investigate the connection between the Auditor and the
Chief Executive.
iv)
To
find out the effect of number (iii) above on the practice and audit compliance, and
v)
To
recommend ways of improving the Audit System in order to reduce or exterminate
the incidence of mismanagement, misappropriation and fraud in the Nigerian Public
administration.
1.3 SIGNIFICANCE OF THE STUDY
This study is important in many ways: First, in view of the increased
funds available to the local government and its expected role(s) to the
citizenry at the grassroots level which remain a far cry, it is important,
therefore, that a study of this nature be carried out with a view to making
useful discoveries concerning the process of improving Compliance audit and
financial control in the public administration.
Secondly, to serve as a helping tool for other researchers who may wish
to make inquiry into the factors that mitigate against Compliance audit and
financial control in Nigeria.
1.4 SCOPE AND LIMITATION OF THE STUDY
Considering the large scope of auditing and financial management, the
time limit, the heavy financial involvement in research and the host of other
factors that inhibit research in Nigeria; it is imperative therefore to limit
the
scope of this study to Compliance audit and financial control in the
Nigerian Public administration with Idah Local Government Council as the area
of survey.
As mentioned above, emphasis will be on basic but other concealed
problems that have militated against effective/efficient Compliance audit as
instrument of internal financial control in Idah Local Government council in
Kogi State.....
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Item Type: Project Material | Attribute: 45 pages | Chapters: 1-5
Format: MS Word | Price: N3,000 | Delivery: Within 30Mins.
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