ABSTRACT
One of the most researched and least understood variable
public sector accounting is how the accountability and stewardship of financia
control is conducted. Scholars have been speculating on how the funds generated
are maniged but now researchers have conducted systematic investigation of
funds and leakages in local government revenue system. Even with this, there is
still an increasing difficulty and doubts in establishing the fact that the
generated revenue is put to good use. There is also an evaluation of the source
of revenue to the local government and the impact of the fmancial control
system in the local government revenue system particularly, the revenue
collection points where all derivable revenue are kept for safe custody. The
researcher designed a research instrument known as PSAFCSDP by acronym for
public sector accounting financial control system descriptive questionnaire,
which is made of hypothetic questions. The instrument and interview questions
were formulated and tested for validity before dispatching to the chosen sample
populace. A stratified sampling technique was -used for this study and sample
is made up of both male and female staff of the local government area. The data
collected were analysed and from the analysis there on, the researcher was able
to reach the following funding and conchded that there is grant from federal
and state to the local government area. There is also a basket leakage in the
collection of local government revenue. It was also conducted that the local
government were not able to employ their resources in finding their projects
due to political and selfish influence and more so inadequacies in fraud
misappropriation and other leakages of public funds. There is however, poor
motivation of workers as a result of the God-father syndrome and swapping the
laid down local government administration set up to an avenue of political
judgment attitude for collection of revenue and work generally. Based on these
funding, the following recommendation are made. There is urgent and paramount
need for the federal government to appoint an external auditor to audit the
local government accounting system.
OKPARA, O (2021). Financial Control And Performance In Public Sector (A Case Study Of Bende Local Government Area). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/financial-control-and-performance-in-public-sector-a-case-study-of-bende-local-government-area-7-2
OKECHUKWU, OKPARA. "Financial Control And Performance In Public Sector (A Case Study Of Bende Local Government Area)" Mouau.afribary.org. Mouau.afribary.org, 13 Oct. 2021, https://repository.mouau.edu.ng/work/view/financial-control-and-performance-in-public-sector-a-case-study-of-bende-local-government-area-7-2. Accessed 01 Nov. 2024.
OKECHUKWU, OKPARA. "Financial Control And Performance In Public Sector (A Case Study Of Bende Local Government Area)". Mouau.afribary.org, Mouau.afribary.org, 13 Oct. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/financial-control-and-performance-in-public-sector-a-case-study-of-bende-local-government-area-7-2 >.
OKECHUKWU, OKPARA. "Financial Control And Performance In Public Sector (A Case Study Of Bende Local Government Area)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/financial-control-and-performance-in-public-sector-a-case-study-of-bende-local-government-area-7-2