ABSTRACT
The essence of public sector
audit practice is to aid better performance. This involves taking a critical
look into the activities of the government to ascertain if it has met the level
of performance for which it is intended. Value-for-money audit is a form of
public sector audit which investigates into the economy, efficiency and
effectiveness of expenditures on projects and programmes embarked on by the
government. The concept is to ascertain the extent to which taxpayers and
citizens get value-for-money expended by the government on their behalf. The
study used both primary and secondary sources of data collection. Statistical
tools such as table, frequency distribution, percentages and Chi-square (X2) were
used in the analysis of data and testing the hypothesis .Summary of the
findings through the hypothesis tested shows that: - There is no significant
difference between the opinion of auditors, auditees and taxpayers on the
effectiveness of public expenditures on projects/programmes in Abia state. -
There is no significant difference between the opinion of auditors, auditees
and taxpayers on the efficiency of public expenditure on projects/programmes in
Abia State. - There is no significant difference between the opinion of
auditors, auditees and taxpayers on the economy of public expenditure on
projects/programmes in Abia State. - The opinion expressed by respondents on
government sustainability of its projects/programmes is not dependent of their
geo-political zone in Abia State. The study made the following recommendations
based on statement of the problems. - The government should device a means to
ensure that the projects and programmes executed by it is carried out with the
appropriate resource, and in the avoidance of waste. - The government such also
ensure that the projects and programmes executed by it meets the purpose and
the right beneficiaries which these projects and programmes are meant for. -
Also adequate control should be put in place to ensure that the process in
which the projects and programmes is carried out meets with the required
standard. - Value-for-money auditors should ensure proper monitoring of
government funded projects/programmes to ensure that such projects/programme
are sustained.
WOKO, N (2021). Appraisal Of Value- For -Money Audit Of Government Expenditure On Projects And Programmes In Abia State. Mouau.afribary.org: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/appraisal-of-value-for-money-audit-of-government-expenditure-on-projects-and-programmes-in-abia-state-7-2
N, WOKO. "Appraisal Of Value- For -Money Audit Of Government Expenditure On Projects And Programmes In Abia State" Mouau.afribary.org. Mouau.afribary.org, 12 Jul. 2021, https://repository.mouau.edu.ng/work/view/appraisal-of-value-for-money-audit-of-government-expenditure-on-projects-and-programmes-in-abia-state-7-2. Accessed 26 Nov. 2024.
N, WOKO. "Appraisal Of Value- For -Money Audit Of Government Expenditure On Projects And Programmes In Abia State". Mouau.afribary.org, Mouau.afribary.org, 12 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/appraisal-of-value-for-money-audit-of-government-expenditure-on-projects-and-programmes-in-abia-state-7-2 >.
N, WOKO. "Appraisal Of Value- For -Money Audit Of Government Expenditure On Projects And Programmes In Abia State" Mouau.afribary.org (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/appraisal-of-value-for-money-audit-of-government-expenditure-on-projects-and-programmes-in-abia-state-7-2