ABSTRACT
The purpose of this research is to study the impact of effective internal control system in the local government in Nigeria as a process of achieving financial accountability.
Also to show what happens when such a system is found ineffective. It equally aimed at providing possible solutions based on the findings and making of some recommendations when implemented will reduce some of the problems encountered in the process of maintaining financial prudence and accountability.
The sources of data used in this research are questionnaire responses, seminar handouts and personal observations. The analysis of data comprised of the use of percentage and chi-square (x2) technique. This technique was apply appropriately with three degrees of freedom and at 0.05 level of significance.
The internal control system was seen to be more effective at the finance department. Segreanse of duties was not so adequate because of interruption from the top management not allowing proper separation of functions.
The analysis of the questionnaire schedule revealed that most local government has seen the need for effective internal control system. They equally showed satisfactions from the results so far and have realized the problems inherent where there is ineffective internal control system.
It was also observed that internal control system, which is effective, enhances early detection of mistakes, deliberate misappropriation and equally checks collisions, fraud or embezzlement of funds.
Effective internal control system should be emphasized in all sectors of our economic.
This is because it tares care of proper authorization, reliability of financial records and the maintenance of financial accountability. The internal audit department should also be made to be effective in it’s functions.
TABLE OF CONTENTS
PAGES
PRELIMINARY SECTION
Contents
Cover page
Title page
Certificate or Approval
Dedication
Acknowledgement
Abstract
Table of contents
List of tables
CHAPTER ONE
1.1. Background of Study
1.2. Statement of Problems
1.3. The Objective of the Study
1.4. Significant of Research
1.5. Research Question
1.6. Research Hypothesis
1.7. Scope or Delimita of the Study
1.8. Definition of Terms
CHAPTER TWO
2.1. Review of Literature
2.2. The network of internal control system
2.3. Management controls
2.4. An overview of effective internal control system
2.5. Internal checks and auditing practices
2.6. The place of external auditing in enhancing financial accountability in local government
2.7. Application for control to public sector
2.8. Application of control to private sector
2.9. Accountability and general
2.10. Summary of related literature
CHAPTER THREE
1.0. Research Methodology
1.1. Research design
1.2. Area of study
1.3. Population of the study
1.4. Sample and sampling procedure
1.5. Instrument for data collection
1.6. Validity of instrument
1.7. Reliability of instrument
1.8. Method of data collection
1.9. Method of data analysis
CHAPTER FOUR
1.0. Presentation and Analysis of Data
4.1. Analysis of questionnaire research
4.2. Analysis of the test hypothesis
conclusion on the test of hypothesis
CHAPTR FIVE
2.0. Discussion, Conclusion and Recommendation
5.1. Discussion of Findings/result
5.2. Conclusion of Findings/Result
5.3. Implication of Result
5.4. Recommendation
5.5. Suggestions for further research
5.6. Limitation of the study
References.
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 11). Strategies For Enhancing Finanacial Accountability In The Local Government System In Nigeria. (a Case Study Of Ikwo Local Government Area, Ebonyi State).. ProjectStoc.com. Retrieved 11, 2014, from https://projectstoc.com/read/4191/strategies-for-enhancing-finanacial-accountability-in-the-local-government-system-in-nigeria-a-case-study-of-ikwo-local-government-area-ebonyi-state-6361
"Strategies For Enhancing Finanacial Accountability In The Local Government System In Nigeria. (a Case Study Of Ikwo Local Government Area, Ebonyi State)." ProjectStoc.com. 11 2014. 2014. 11 2014 <https://projectstoc.com/read/4191/strategies-for-enhancing-finanacial-accountability-in-the-local-government-system-in-nigeria-a-case-study-of-ikwo-local-government-area-ebonyi-state-6361>.
"Strategies For Enhancing Finanacial Accountability In The Local Government System In Nigeria. (a Case Study Of Ikwo Local Government Area, Ebonyi State).." ProjectStoc.com. ProjectStoc.com, 11 2014. Web. 11 2014. <https://projectstoc.com/read/4191/strategies-for-enhancing-finanacial-accountability-in-the-local-government-system-in-nigeria-a-case-study-of-ikwo-local-government-area-ebonyi-state-6361>.
"Strategies For Enhancing Finanacial Accountability In The Local Government System In Nigeria. (a Case Study Of Ikwo Local Government Area, Ebonyi State).." ProjectStoc.com. 11, 2014. Accessed 11, 2014. https://projectstoc.com/read/4191/strategies-for-enhancing-finanacial-accountability-in-the-local-government-system-in-nigeria-a-case-study-of-ikwo-local-government-area-ebonyi-state-6361.
- Related Works
- Evaluation Of The Dynamic Effects Of Iole Cash Holding In A Developing Econo0my. A Cash Study Of Ogbete Main Market
- The Usefulness Of Auditing In Nigerian Companies
- The Role Of Auditors In Prevention Of Fraud In Banking Industry Or Banks
- The Problem Facing Commercial Banks In Nigeria (a Case Study Of Union Banks Of Nigeria United Banks For African And African Bank)
- The Role Of Nigerian Deposit Insurance Corporation (n.d.i.c) In Managing Financial Distress (a Case Study Of Citizen Bank Of Nigeria Plc)
- Improper Accounting System: A Cause Of Non-performance In Industries
- The Role Of Accounting In The Control Of Public Expenditure In Nigeria (a Case Study Of Central Bank Of Nigeria (cbn)
- An Evaluation Of Effective Financial Management In A Computerized Accounting System (a Case Study Of Guaranty Trust Bank Plc Abuja)
- The Use Of Computer In Recording Accounting Information, Problem And Prospects (a Case Study Of Bendel Feeds And Flour Mill, Ewu, Edo State)
- Effectiveness Of Cost Accounting Information In Price Determination