ABSTRACT

 One of the most researched and least understood variable in public sector accounting is how the accountability and stewardship of financial control in conducted. Scholars have been speculating on how the funds generated all managed, but now research have been conducted in systematic investigation of funds and leakages especially in local government revenue system. Even with this, there in still an increasing difficulty and doubts in establishing the fact that the generated revenue is put to good use. There is also an evolution of the sources of revenue to the local government (Nsukka Local Government) and the impact of the financial control system in the Local Government Revenue system particularly, the revenue collection points where all derivable revenue are kept for safe custody. The researcher will design a researcher instrument known as PSAFCSAP by acronym for public sector accounting financial control system descriptive questionnaire, which is made of hypothetic questions. The instrument and interview question will be formulated and tested for validity before dispatching to the chosen sample populace. A stratified sampling technique will be used for this study and sample will be made up of both male and female staff of Nsukka Local Government Area the data collected will be analysed and from the analysis, the researcher will be able to reach the finding and conclusion that there is grant from federal and state government to the local government area if so, are the fund properly managed and utilized? Are these inadequacies in financial control, fraud, misappropriation and other leakages of public funds? Based on this, the researcher will recommend a paramount need for the federal government to appoint an external auditor to audit the local government accounting system. It is of strong belief that the researchers recommendation will go a long way in establishing proper financial control which in aimed at ensuring efficient financial management and improve the performance of the local government system in Nigeria.