Financial Control And Accountability In The Public Sector Organization (A Study Of Abia State Ministry Of Finance Umuahia)

Michael Okpara University | 71 pages (11014 words) | Projects
Accounting | Co Authors: ENYINNAYA MACDONALD

ABSTRACT

This research project is very crucial to the study of the control of finance in the ministry of finance umuahia. The study was motivated by the necessity to establish the extent of financial control and accountability in public sector organization. Nigerian financial  control accountability in public sector organization is laced With a list of problems such as late finalization and publication of accounts and poor keeping of internal accounting records, inability to conform to financial rules, regulation and instructions, lack of knowledge and expertise among government accounts and financial control hers occupying higher levels of' responsibilities. the main objective of this study is to establish the extent of Financial control and accountability in public sector organization, to see that proper financial control system and accountability in Abia State ministry of finance are well practiced, to eliminate inadequacy in the financial control system and to solve the research problem. Both primary and secondary data were collected and used in this research. The research instruments used in collecting  the data were questionnaires and oraI interviews. the respondents comprised of the me personnel, contractors, suppliers and staff of the organization. In organizing and presenting data collected, tables, frequencies and percentages were used. The various hypotheses were tested using time chi-square. From the result of' tile hypothesis tested, the following indicators were established; that there is financial control system and accountability in Abia state Ministry of' Finance. Also, the internal control system in the Abia Stale Ministry of Finance is inadequate. Finally it was also observed that the Abia State Ministry of Finance is poorly staffed. Based on the results and findings sonic recommendations were made which include; reviewing of the internal control system, requirement and training of qualified workers, improvement of' working condition of staff of the ministry.

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APA

MICHAEL, U (2021). Financial Control And Accountability In The Public Sector Organization (A Study Of Abia State Ministry Of Finance Umuahia). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/financial-control-and-accountability-in-the-public-sector-organization-a-study-of-abia-state-ministry-of-finance-umuahia-7-2

MLA 8th

UNIVERSITY, MICHAEL. "Financial Control And Accountability In The Public Sector Organization (A Study Of Abia State Ministry Of Finance Umuahia)" Mouau.afribary.org. Mouau.afribary.org, 16 Jul. 2021, https://repository.mouau.edu.ng/work/view/financial-control-and-accountability-in-the-public-sector-organization-a-study-of-abia-state-ministry-of-finance-umuahia-7-2. Accessed 01 Nov. 2024.

MLA7

UNIVERSITY, MICHAEL. "Financial Control And Accountability In The Public Sector Organization (A Study Of Abia State Ministry Of Finance Umuahia)". Mouau.afribary.org, Mouau.afribary.org, 16 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/financial-control-and-accountability-in-the-public-sector-organization-a-study-of-abia-state-ministry-of-finance-umuahia-7-2 >.

Chicago

UNIVERSITY, MICHAEL. "Financial Control And Accountability In The Public Sector Organization (A Study Of Abia State Ministry Of Finance Umuahia)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/financial-control-and-accountability-in-the-public-sector-organization-a-study-of-abia-state-ministry-of-finance-umuahia-7-2

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