EFFECTIVENESS OF INTERNAL AUDIT AS A PANACEA TO EFFICIENT LOCAL GOVERNMENT ADMINISTRATION AND FRAUD CONTROL,” (A STUDY OF SELECTED LOCAL GOVERNMENT AREAS IN IMO STATE )

EFFECTIVENESS OF INTERNAL AUDIT AS A PANACEA TO EFFICIENT LOCAL GOVERNMENT ADMINISTRATION AND FRAUD CONTROL,”

(A STUDY OF SELECTED LOCAL GOVERNMENT AREAS IN IMO STATE )

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NUMBERS PAGES: 95         RESEARCH TYPE:- PROJECT         AMOUNT :- ₦2500

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ABSTRACT

Local government is the third tier of government in Nigeria that is nearest to the people at the grassroots. It is a structure that provides for the services needed by the people and to also bring development and good governance to the local level. Notwithstanding, development has not thrived at the grassroots level due to paucity of the culture of accountability and transparency in the administration of local government in Nigerian politic. Against this background, this paper therefore examines the factors militating against accountability of Imo State local government with a view to ensuring the attainment and enforcement of the culture of accountability and transparency in local government administration. The primary and secondary method of data collection was used in collection data for the study. Primary data were obtained through the use of questionnaires and interview while the secondary data were obtained through review of relevant literature. The population of the study comprises all staff of audit, account, administrative and personnel departments of Imo State local government council, out of which a sample of seventy (70) staff were selected using stratified sampling administered to the staff of Imo State local government and sixty-six (66) were duly filled and returned. Simple percentage method and chi – square were used in analyzing the data collected. The study revealed that the existence of unqualified staff of internal audit and account departments limit the application and proper adherence to the accounting procedures which is prerequisite for achieving accountability. With respect to the findings arrived at, recommendations were made that the audit and account department of Imo State local government should embark on training and retraining of their staff and that the audit department should have it full independence in order to enhance accountability. In this study the internal audit functions of Imo State local government has been examined and it was obvious that internal audit enhance accountability in local government system, it improves the quality of internal control, prevent fraud and enhances transparency.

 

TABLE OF CONTENT

Approval page ii

Dedication- ii

Acknowledgement iii

Abstract iv

CHAPTER ONE

Introduction

1.1 Background of the study

1.2 Statement of the problem

1.3 Objectives of the study

1.4 Research questions

1.5 Hypothesis of the study

1.6 Significance of the study

1.7 Scope and limitation of the study

1.8 Definition of terms

References

CHAPTER TWO

Literature review

2.1 Definition Of Auditing

2.2 Internal Audit: Evolution, Nature, Type And Operation

2.2.1 Essential Elements Of Internal Audit

2.3 Internal Audit Of Local Government

2.4 Internal Audit And The Efficient Administration And Fraud Control In Local  Government.

2.5 Duties Of Internal Auditors Towards Securing Efficient Administration And Control Of Fraud At The Local Government.

2.6. Internal Control In Efficient Local Government Administration And Fraud Control.

2.7 Critical Relationship In Effect Local Government Administration

References

CHAPTER THREE

Research design and methodology

3.1 Research design

3.2 Sources of data

3.3 Research instrument

3.4 Reliability /validity of research instrument 65

3.5 Population

3.6 Sample size / techniques

3.7 Administration of research instrument

3.8 Method of data analysis

3.9 Decision criterion for validation of hypothesis

References

CHAPTER FOUR

Data presentation and analysis

4.1 Data presentation

4.2 Testing of hypothesis

CHAPTER FIVE

Summary of findings, conclusions and recommendation

5.1 Summary of findings

5.2 Conclusions

5.3 Recommendations

Bibliography

Appendix