ABSTRACT
The study was on the assessment of strategies for
Enhancing Financial Accountability in Nigeria Local Government Councils through
internal control,with special focus on Ikwuano Local government of Ahia State.
The specific objectives of the study were to: examine the effect of record
keeping on the accounting system in Ikwuano Local Government Council of Abia
State; determine the effect of applying relevant accounting standards on
financial accountability in Ikwuano Local Government Council of Abia State and
ascertain the effect of auditing on fraud detection and control in Ikwuano
Local Government Council of Abia State. To achieve these objectives, the simple
random sampling method was used to select 80 respondents (being the sample
size) from the study population. Primary data were gathered uing structured
responses from the 80 respondents were received on time, screened and
considered valid for use. The simple percentage was used to analyse
respondent's data and responses to the questionnaire items while the Pearson's
Product Moment Correlation Coefficient was used to test hypotheses formulated.
Findings from the study revealed that: effective record keeping has a
significant effect on the accounting system in Ikwuano Local Government
Council; application of relevant accounting standards bas a significant effect
on the financial accountability in Ikwuano Local Government Council; and that
effective auditing helps in fraud detection and control in Ikwuano Local
Government Council These findings led to the conclusion that effective record
keeping, application of relevant accounting standards and effective strategies
capable of enhancing financial accountability in the Local Government Council.
The implication of these results is that Local Government Councils that apply
these strategies stand a better chance to achieve good results in thier
operations. Recommendations made were: Local Government Councils should ensure
they keep proper records of all their accounting transactions; local Government
Councils should employ the services of qualify Internal and External Auditors
for effective auditing of thier operations.
OBIEMESI, J (2024). Assessing The Strategies For Enhancing Financial Accountability In Nigeria Local Government Councils Through Internal Control (A Study Of Ikwuano Local Governmentcouncil Abia State):- Obiemesi Chika M.. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/assessing-the-strategies-for-enhancing-financial-accountability-in-nigeria-local-government-councils-through-internal-control-a-study-of-ikwuano-local-governmentcouncil-abia-state-obiemesi-chika-m-7-2
JOY, OBIEMESI. "Assessing The Strategies For Enhancing Financial Accountability In Nigeria Local Government Councils Through Internal Control (A Study Of Ikwuano Local Governmentcouncil Abia State):- Obiemesi Chika M." Mouau.afribary.org. Mouau.afribary.org, 11 Mar. 2024, https://repository.mouau.edu.ng/work/view/assessing-the-strategies-for-enhancing-financial-accountability-in-nigeria-local-government-councils-through-internal-control-a-study-of-ikwuano-local-governmentcouncil-abia-state-obiemesi-chika-m-7-2. Accessed 31 Oct. 2024.
JOY, OBIEMESI. "Assessing The Strategies For Enhancing Financial Accountability In Nigeria Local Government Councils Through Internal Control (A Study Of Ikwuano Local Governmentcouncil Abia State):- Obiemesi Chika M.". Mouau.afribary.org, Mouau.afribary.org, 11 Mar. 2024. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/assessing-the-strategies-for-enhancing-financial-accountability-in-nigeria-local-government-councils-through-internal-control-a-study-of-ikwuano-local-governmentcouncil-abia-state-obiemesi-chika-m-7-2 >.
JOY, OBIEMESI. "Assessing The Strategies For Enhancing Financial Accountability In Nigeria Local Government Councils Through Internal Control (A Study Of Ikwuano Local Governmentcouncil Abia State):- Obiemesi Chika M." Mouau.afribary.org (2024). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/assessing-the-strategies-for-enhancing-financial-accountability-in-nigeria-local-government-councils-through-internal-control-a-study-of-ikwuano-local-governmentcouncil-abia-state-obiemesi-chika-m-7-2